Barclays plans four-year trigger PLUS with cap tied to Euro Stoxx 50

By Susanna Moon

Chicago, Aug. 15 – Barclays Bank plc plans to price 0% trigger Performance Leveraged Upside Securities due Sept. 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 of $10.00 plus 5 times any gain in the index, up to a maximum payment of at least $17.40 per PLUS.

Investors will receive par if the index falls by up to 25%.

If the index finishes below the 75% trigger level, investors will lose 1% for each 1% decline.

Barclays is the agent and Morgan Stanley Wealth Management is handling distribution.

The notes will price on Aug. 31 and settle on Sept. 6.

The Cusip number is 06746L612.

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