Barclays plans to price PLUS due 2017 linked to Russell 2000 index

By Marisa Wong

Morgantown, W.Va., Oct. 16 – Barclays Bank plc plans to price 0% Performance Leveraged Upside Securities due Feb. 2, 2017 linked to the Russell 2000 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 300% of the index return, subject to a maximum return of at least 16.85%. Investors will be exposed to losses if the index declines.

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

The notes will price on Oct. 30 and settle on Nov. 4.

The Cusip number is 06743Q283.

© 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.