Barclays plans to price trigger PLUS linked to Euro Stoxx 50 index

By Angela McDaniels

Tacoma, Wash., July 1 – Barclays Bank plc plans to price 0% trigger Performance Leveraged Upside Securities due Aug. 4, 2021 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus at least 138% of the index return. The exact leverage factor will be set at pricing. Investors will receive par if the index declines by 35% or less and will be fully exposed to the index’s decline from its initial level if it falls by more than 35%.

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

The notes will price July 31.

The Cusip number is 06743N397.

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