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Barclays to price buffered PLUS due 2019 tied to Euro Stoxx 50 index
By Wendy Van Sickle
Columbus, Ohio, July 27 – Barclays Bank plc plans to price 0% buffered Performance Leveraged Upside Securities due March 5, 2019 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 32.05% 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 Aug. 17 and settle Aug. 22.
The Cusip number is 06740Q245.
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