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Barclays to price buffered PLUS linked to Euro Stoxx 50 index
By Angela McDaniels
Tacoma, Wash., June 1 – Barclays Bank plc plans to price 0% buffered Performance Leveraged Upside Securities due July 5, 2018 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 200% of the index return, subject to a maximum return that is expected to be at least 36% and will be set at pricing. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that the index declines beyond 10%.
Barclays is the agent. Morgan Stanley Wealth Management is a dealer.
The notes will price June 30 and settle July 6.
The Cusip number is 06743N579.
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