By Marisa Wong
Morgantown, W.Va., Feb. 26 – Barclays Bank plc priced $15.13 million of 0% buffered Performance Leveraged Upside Securities due Sept. 3, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 200% of the index return, subject to a maximum payout of $18.65 per PLUS.
If the index finishes flat or falls by up to 10%, the payout will be par.
Otherwise, investors will lose 1% for every 1% that the index declines beyond 10%.
Barclays is the agent. Morgan Stanley Wealth Management is a dealer.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $15,129,280
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| Maturity: | Sept. 3, 2020
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index return is positive, par plus 200% of index return, up to 86.5% maximum return; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
|
| Initial index level: | 3,426.80
|
| Pricing date: | Feb. 16
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| Settlement date: | Feb. 22
|
| Agent: | Barclays
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3%
|
| Cusip: | 06746Q504
|
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