Barclays to price PLUS linked to PHLX Oil Service Sector index

By Toni Weeks

San Luis Obispo, Calif., April 16 – Barclays Bank plc plans to price 0% Performance Leveraged Upside Securities due April 20, 2017 linked to the PHLX Oil Service Sector index, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 150% of any index gain, up to a maximum return of at least 140% that will be set at pricing.

Investors will be exposed to any losses.

The notes (Cusip: 06743P459) will price April 17 and settle April 22.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.