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Barclays to price buffered PLUS due 2022 linked to Stoxx 50 index
By Sarah Lizee
Olympia, Wash., April 22 – Barclays Bank plc plans to price 0% buffered Performance Leveraged Upside Securities due April 29, 2022 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 plus 205% of the index return.
If the index finishes flat or falls by up to 15%, the payout will be par.
If the final index level is less than the initial index level by more than the buffer amount of 15%, investors will lose 1% for each 1% the index declines beyond the 15% buffer.
Barclays is the agent with Morgan Stanley Wealth Management as the dealer.
The notes will price on April 26.
The Cusip number is 06747A482.
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