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Barclays to price trigger PLUS due 2021 tied to Euro Stoxx 50 index
New York, May 15 – Barclays Bank plc plans to price 0% trigger Performance Leveraged Upside Securities due June 3, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 500.5% of any gain in the index capped at a par plus 74%.
Investors will receive par if the index falls by up to 25% and will lose 1% for each 1% decline from the initial level if the index finishes below the 75% trigger level.
Barclays is the agent. Morgan Stanley Wealth Management is distributor.
The notes will price on May 31 and settle on June 5.
The Cusip number is 06746K200.
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