Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for S&P 500 index > News item |
Barclays plans to price trigger PLUS due 2022 linked to S&P 500 index
By Devika Patel
Knoxville, Tenn., Aug. 7 – Barclays Bank plc plans to price 0% trigger Performance Leveraged Upside Securities due Aug. 18, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus at least 1.25 times any gain in the index, with the exact participation rate to be set at pricing.
Investors will receive par if the index falls, but is greater than or equal to the 65% trigger level.
If the index finishes below the trigger level, investors will lose 1% for each 1% decline of the index from the initial level.
Barclays is the agent and Morgan Stanley Wealth Management is handling distribution.
The notes (Cusip: 06746L455) will price on Aug. 15 and settle on Aug. 18.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.