Barclays to price Super Track autocallables tied to oil and gas fund

By Marisa Wong

Madison, Wis., March 2 – Barclays Bank plc plans to price 0% autocallable Super Track notes due March 9, 2017 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund closes at or above the call price, 115% of the initial price, on the March 10, 2016 call observation date, the notes will be called at the redemption price, which is $1,150 per $1,000 principal amount of notes.

If the notes are not called and the final share price is greater than the initial price, the payout at maturity will be par plus 1.5 times the fund return.

Investors will receive par if the price falls by up to 20% and will be fully exposed to the decline if it falls by more than 20%.

Barclays is the agent.

The notes will price on March 4 and settle on March 9.

The Cusip number is 06741URY2.

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