Barclays plans to price trigger PLUS linked to basket of indexes

By Angela McDaniels

Tacoma, Wash., June 20 – Barclays Bank plc plans to price 0% trigger Performance Leveraged Upside Securities due June 24, 2022 linked to a basket that contains the S&P 500 index with a 60% weight, the Euro Stoxx 50 index with a 30% weight and the MSCI Emerging Markets index with a 10% weight, according to a 424B2 filing with the Securities and Exchange Commission.

If the basket finishes above its initial level, the payout at maturity will be par of $10 plus 175% of the basket return, subject to a maximum return that is expected to be at least 42.5% and will be set at pricing.

If the basket finishes at or below its initial level but at or above its trigger level, the payout will be par. The trigger level is 75% of the initial basket level.

If the basket finishes below its trigger level, investors will be fully exposed to the basket’s decline from its initial level.

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

The notes will price June 21.

The Cusip number is 06747B175.

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