Barclays plans autocallable trigger PLUS linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., March 2 – Barclays Bank plc plans to price 0% autocallable trigger 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 closes at or above the call threshold level, 120% of the initial index level, on Oct. 3, 2016, the securities will be automatically redeemed and investors will receive the early redemption payment, which is expected to be at least $12 per $10 principal amount of notes.

If the notes are not called and the final index level is greater than the initial index level, the payout at maturity will be par plus at least 140% of the index return. If the index finishes at or below the initial level but at or above the trigger level, 80% of the initial level, the payout will be par. If the index finishes below the trigger level, investors will be fully exposed to the decline.

The exact early redemption payment and leverage factor will be set at pricing.

Barclays is the agent. Distribution is through Morgan Stanley Wealth Management.

The notes will price March 31 and settle April 7.

The Cusip number is 06743P798.

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