Barclays plans PLUS due 2017 with cap and leverage tied to S&P 500

By Wendy Van Sickle

Columbus, Ohio, March 29 – Barclays Bank plc plans to price 0% Performance Leveraged Upside Securities due Aug. 3, 2017 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any gain in the index, up to a maximum payment of at least $11.42 per $10 note.

Investors will be exposed to any losses.

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

The notes (Cusip: 06740Q674) will price April 15 and settle on April 20.

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