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Barclays to price buffered PLUS due 2021 linked to Stoxx 50 index
By Sarah Lizee
Olympia, Wash., Feb. 25 – Barclays Bank plc plans to price 0% buffered Performance Leveraged Upside Securities due April 7, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 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 the lesser of par plus 2 times the return of the index and the maximum payment amount, at least $14 per $10 PLUS.
If the index finishes flat or falls by up to 15%, the payout will be par.
If the final index level is less than the initial index level by more than the buffer amount of 15%, investors will lose 1% for each 1% the index declines beyond the 15% buffer.
Barclays is the agent with Morgan Stanley Wealth Management as the dealer.
The notes will price on March 15.
The Cusip number is 06746Y358.
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