Barclays plans 8.55% trigger securities linked to ICE swap-rate spread

By Wendy Van Sickle

Columbus, Ohio, Oct. 26 – Barclays Bank plc plans to price 8.55% trigger securities due May 3, 2018 linked to the 30-year U.S. Dollar ICE Swap Rate minus the two-year U.S. Dollar ICE Swap Rate, according to a 424B2 filed with the Securities and Exchange Commission.

Interest is payable monthly.

If the final swap rate spread is at least 50% of the initial spread, the payout at maturity will be par. If the final spread is less than 50% of the initial spread, investors will lose 1% for each 1% the final spread is less than the initial spread.

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

The notes will price on Oct. 27.

The Cusip number is 06744CJ69.

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