Barclays plans buffered PLUS due 2019 with cap linked to S&P 500

By Susanna Moon

Chicago, Oct. 13 – Barclays Bank plc plans to price buffered Performance Leveraged Upside Securities due May 3, 2019 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 200% of any index gain, up to a maximum return of at least 20%. The exact cap will be set at pricing.

Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.

Barclays is the underwriter with Morgan Stanley Wealth Management as dealer.

The notes will price on Oct. 31 and settle on Nov. 3.

The Cusip number is 06744M703.

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