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Barclays plans PLUS linked to oil & gas exploration & production ETF
By Angela McDaniels
Tacoma, Wash., Dec. 9 – Barclays Bank plc plans to price 0% Performance Leveraged Upside Securities due Dec. 16, 2019 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 300% of any gain in the fund, up to a maximum return that is expected to be at least 93.15% and will be set at pricing. Investors will be fully exposed to any decline in the fund.
Barclays is the agent. Morgan Stanley Wealth Management is a dealer.
The notes will price Dec. 11.
The Cusip number is 06743T543.
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