Barclays plans dual directional trigger PLUS linked to Euro Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, April 4 – Barclays Bank plc plans to price 0% dual directional trigger Performance Leveraged Upside Securities due May 3, 2019 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus double the index return, up to a maximum return of at least 40.5%.

If the final index level is less than or equal to the initial index level but greater than or equal to the trigger level, 80% of the initial level, the payout will be par plus the absolute value of the index return.

If the final index level is less than the trigger level, investors will be fully exposed to the decline from the initial index level.

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

The notes will price April 29 and settle on May 5.

The Cusip number is 06744K590.

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