Barclays to price trigger jump securities linked to oil

By Angela McDaniels

Tacoma, Wash., Aug. 1 – Barclays Bank plc plans to price 0% trigger jump securities due Feb. 22, 2016 linked to West Texas Intermediate light sweet crude oil, according to an FWP filing with the Securities and Exchange Commission.

If the final price of oil is at least 90% of the initial price, the payout at maturity will be par plus the greater of the oil return and the fixed percentage, which is expected to be at least 10% and will be set at pricing. Otherwise, investors will be fully exposed to oil’s decline.

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

The notes will price Aug. 15.

The Cusip number is 06741UHA5.

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