Barclays plans to price PLUS due 2017 linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Sept. 15 – Barclays Bank plc plans to price 0% Performance Leveraged Upside Securities due Jan. 5, 2017 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any gain in the index, up to a maximum payment of at least $11.575 per note.

Investors will be exposed to any losses.

Barclays is the agent with Morgan Stanley Wealth Management handling distribution.

The notes will price on Sept. 30 and settle on Oct. 5.

The Cusip number is 06743Q531.

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