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Barclays to price buffered PLUS due 2018 tied to Euro Stoxx 50 index
By Wendy Van Sickle
Columbus, Ohio, April 1 – Barclays Bank plc plans to price buffered Performance Leveraged Upside Securities due Nov. 5, 2018 linked to the Euro Stoxx 50 index, according to a 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 37.1% 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 underwriter. Morgan Stanley Wealth Management is a dealer.
The notes will price April 15 and settle April 20.
The Cusip number is 06744K616.
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