Barclays amends leverage minimum on trigger PLUS tied to Euro Stoxx 50

By Susanna Moon

Chicago, Aug. 6 – Barclays Bank plc amended the participation rate on its 0% trigger Performance Leveraged Upside Securities due Sept. 3, 2021 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity now will be par of $10 plus at least 140% of any index gain. The minimum leverage factor was lowered from 145%, and the exact percentage will be set at pricing.

As previously announced, the payout will be par if the index falls by up to the 65% trigger level.

Otherwise, investors will be fully exposed to any losses.

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

The notes will price on Aug. 31 and settle on Sept. 3.

The Cusip number is 06743N280.

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