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Barclays plans to price buffered PLUS due 2019 linked to S&P 500
By Marisa Wong
Morgantown, W.Va., Aug. 26 – Barclays Bank plc plans to price buffered Performance Leveraged Upside Securities due April 3, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 200% of the index return, subject to a maximum return of at least 20.1%. The exact cap will be set at pricing.
If the index return is zero or negative but at least negative 10%, the payout will be par.
If the index return is less than negative 10%, investors will lose 1% for every 1% decline beyond the 10% buffer.
Barclays is the agent with Morgan Stanley Wealth Management handling distribution.
The notes will price on Sept. 16.
The Cusip number is 06745B540.
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