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Barclays to price trigger PLUS linked to Energy Select Sector SPDR
By Angela McDaniels
Tacoma, Wash., Oct. 9 – Barclays Bank plc plans to price 0% trigger Performance Leveraged Upside Securities due Oct. 19, 2017 linked to the Energy Select Sector SPDR Fund, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return that is expected to be at least 29.55% and will be set at pricing. Investors will receive par if the index declines by 15% or less and will be fully exposed to the index’s decline from its initial level if it falls by more than 15%.
Barclays is the agent. Morgan Stanley Wealth Management is a dealer.
The notes will price Oct. 16 and settle Oct. 21.
The Cusip number is 06743Q317.
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