Barclays plans trigger jump securities due 2023 tied to Euro Stoxx 50

By Devika Patel

Knoxville, Tenn., July 3 – Barclays Bank plc plans to price 0% trigger jump securities with autocallable feature due July 18, 2023 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.

The notes will be called at par plus an annualized premium of 11.05% if the index closes above its initial level on any determination date other than the final date beginning July 15, 2019.

If the index finishes at or above its initial level, the payout at maturity will be par of $10 plus the maturity date premium of 55.25%.

If the index falls but finishes above its trigger level, 75% of the initial level, the payout at maturity will be par.

Otherwise, investors will lose 1% for each 1% decline of the index from the initial level.

Barclays is the agent, with Morgan Stanley Wealth Management handling distribution.

The notes (Cusip: 06746T532) will price on July 13 and settle on July 18.

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