Barclays plans PLUS due 2016 linked to Energy Select Sector fund

By Jennifer Chiou

New York, Jan. 2 – Barclays Bank plc plans to price 0% Performance Leveraged Upside Securities due May 4, 2016 linked to the Energy Select Sector SPDR fund, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 300% of any fund gain, capped at 19.25%.

Investors will share in any losses.

The notes (Cusip: 06740D566) will price on Jan. 30 and settle on Feb. 4.

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

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