Barclays plans to price lookback entry PLUS linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, July 12 – Barclays Bank plc plans to price 0% lookback entry Performance Leveraged Upside Securities due Aug. 4, 2021 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The initial level will be the lowest closing level of the index during the period from pricing up to and including Sept. 30 and will not be higher than the index’s closing level on the pricing date.

The payout at maturity will be par plus 200% of any index gain, up to a maximum return of par plus at least 16.8%.

Investors will be fully exposed to any losses.

Barclays is the agent with Morgan Stanley Wealth Management as dealer.

The notes will price July 31.

The Cusip number is 06747C843.

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