Barclays plans buffered PLUS due 2018 with cap linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Oct. 26 – Barclays Bank plc plans to price buffered Performance Leveraged Upside Securities due Feb. 1, 2018 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 of $10 plus 300% of any index gain, up to a maximum return of at least 13.6%. The exact cap will be set at pricing.

Investors will be exposed to any losses in the index.

Barclays is the underwriter with Morgan Stanley Wealth Management as dealer.

The notes will price on Oct. 28 and settle on Nov. 2.

The Cusip number is 06744M778.

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