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Barclays changes terms of trigger PLUS linked to Euro Stoxx 50 index
By Toni Weeks
San Luis Obispo, Calif., July 7 – Barclays Bank plc changed the dates and the leverage factor for its upcoming issue of 0% trigger Performance Leveraged Upside Securities linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The notes will now mature July 22, 2021 instead of Aug. 4, 2021.
In addition, if the index return is positive, the payout at maturity will be par of $10 plus at least 139% of the index return, rather than at least 138% of the 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 now price July 17 instead of July 31. Settlement is expected July 22.
The Cusip number is 06743N397.
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