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Barclays plans to price trigger PLUS linked to Euro Stoxx 50 index
By Tali Rackner
Norfolk, Va., July 31 – Barclays Bank plc plans to price 0% trigger Performance Leveraged Upside Securities due Sept. 3, 2021 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 plus at least 145% of the index return. The exact leverage factor will be set at pricing.
If the index falls but remains at or above the 65% trigger level, the payout will be par. Otherwise, investors will be fully exposed to any losses.
Barclays is the agent. Morgan Stanley Wealth Management is a dealer.
The notes will price Aug. 31 and settle Sept. 3.
The Cusip number is 06743N280.
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