Barclays plans to price buffered PLUS due 2021 tied to S&P 500 index

By Sarah Lizee

Olympia, Wash., Aug. 30 – Barclays Bank plc plans to price 0% buffered Performance Leveraged Upside Securities due April 6, 2021 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 of $10 plus double any index gain, up to a maximum payment of $12.10 per PLUS.

Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond the buffer.

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

The notes will price on Sept. 14 and settle on Sept. 19.

The Cusip number is 06746U117.

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