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Barclays plans to price PLUS due 2018 linked to S&P 500 index
By Marisa Wong
Morgantown, W.Va., Aug. 26 – Barclays Bank plc plans to price Performance Leveraged Upside Securities due Jan. 3, 2018 linked to the S&P 500 index, according to a 424B2 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 of at least 13.75%. The exact cap will be set at pricing.
If the index return is negative, investors will be fully exposed to the decline.
Barclays is the agent with Morgan Stanley Wealth Management handling distribution.
The notes will price on Sept. 16.
The Cusip number is 06745B532.
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