Barclays plans trigger PLUS linked to basket of two indexes, one fund

By Toni Weeks

San Luis Obispo, Calif., July 2 – Barclays Bank plc plans to price 0% trigger Performance Leveraged Upside Securities due Feb. 5, 2018 linked to a basket containing equal weights of the S&P 500 index, the Euro Stoxx 50 index and the WisdomTree Japan Hedged Equity fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any basket gain, subject to a maximum return of at least 40%, with the exact cap to be set at pricing.

Investors will receive par if the basket falls by up to 10% and will be fully exposed to losses if the basket drops below the 90% trigger level.

The notes (Cusip: 06742W455) are expected to price July 31 and settle three business days later.

Barclays is the agent with Morgan Stanley Wealth Management as dealer.

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