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Barclays intends to price buffered PLUS due 2024 on the Topix index
Chicago, Feb. 21 – Barclays Bank plc plans to price 0% buffered Performance Leveraged Upside Securities due March 5, 2024 linked to the Topix index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus at least 180% of the index return.
Investors will receive par if the index declines by up to 25% and will lose 1% for each 1% decline beyond the 25% buffer.
Barclays is the agent, with Morgan Stanley Wealth Management handling distribution.
The notes (Cusip: 06746Y747) will price on Feb. 28 and settle March 5.
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