Barclays eyes trigger jump securities due 2020 linked to Russell 2000

By Devika Patel

Knoxville, Tenn., May 11 – Barclays Bank plc plans to price 0% trigger jump securities due Nov. 17, 2020 linked to the Russell 2000 index, according to an FWP with the Securities and Exchange Commission.

If the index finishes at or above its trigger level, 85% of the initial level, the payout at maturity will equal par of $10 plus the greater of the return and the fixed payment percentage of 15%, subject to a maximum payout of $16.55 per note.

Otherwise, investors will lose 1% for each 1% decline from the initial level.

Barclays is the agent, with Morgan Stanley Wealth Management handling distribution.

The notes (Cusip: 06746J328) will price on May 12 and settle on May 17.

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