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Barclays plans to price buffered PLUS linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., March 2 – Barclays Bank plc plans to price 0% buffered Performance Leveraged Upside Securities due April 6, 2018 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10.00 plus 200% of the index return, subject to a maximum payment that is expected to be at least $13.78 per note and will be set at pricing. Investors will receive par if the index declines by up to 10% and will lose 1% for every 1% that it declines beyond 10%.
Barclays is the agent. Distribution is through Morgan Stanley Wealth Management.
The notes are expected to price March 31 and settle April 7.
The Cusip number is 06743P830.
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