Barclays to price PLUS linked to basket of two indexes, four ETFs

By Toni Weeks

San Luis Obispo, Calif., Dec. 16 – Barclays Bank plc plans to price 0% Performance Leveraged Upside Securities due Feb. 8, 2016 linked to a basket containing two indexes and four exchange-traded funds, according to an FWP filing with the Securities and Exchange Commission.

The basket components are the S&P 500 index, Euro Stoxx 50 index, iShares Russell 2000 ETF, WisdomTree Japan Hedged Equity fund, Technology Select Sector SPDR fund and Energy Select Sector SPDR fund. Of the components, the S&P 500 index is weighted 40%, and the remaining components are each weighted 12%.

The payout at maturity will be par plus 300% of any basket gain, subject to a maximum payment of at least $11.23 per $10.00 note. The exact maximum payment will be set at pricing.

Investors will be exposed to any decline in the basket from its initial level.

The notes (Cusip: 06742Y220) are expected to price Jan. 2.

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

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