Barclays plans to price trigger PLUS due 2022 tied to S&P 500 index

By Sarah Lizee

Olympia, Wash., Oct. 24 – Barclays Bank plc plans to price 0% trigger Performance Leveraged Upside Securities due Nov. 3, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be par plus at least 140% of the gain.

If the index falls by up to its 75% trigger level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

Barclays is the agent. Morgan Stanley Wealth Management is a dealer.

The notes will price on Oct. 31 and settle on Nov. 5.

The Cusip number is 06746V867.

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