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Barclays plans jump securities with downside digital barrier on Stoxx
By Sarah Lizee
Olympia, Wash., April 12 – Barclays Bank plc plans to price 0% jump securities with downside digital barrier due April 21, 2022 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout will be par plus the greater of the index return and the fixed percentage, which will be at least 20% and will be set at pricing.
If the index declines by up to 30%, the payout will be par.
If the index declines by more than 30%, investors will receive the minimum payout at maturity, which is 90% of par.
Barclays is the agent. Morgan Stanley Wealth Management is handling distribution.
The notes will price on April 15.
The Cusip number is 06747A631.
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