Barclays plans buffered Super Track notes linked to SPDR S&P Oil & Gas

By Susanna Moon

Chicago, July 7 – Barclays Bank plc plans to price 0% buffered Super Track notes due July 31, 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.

The payout at maturity will be par plus double any index gain, up to a maximum return of 22% to 30%. The exact cap will be set at pricing.

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

Barclays is the agent.

The notes will price on July 28 and settle on July 31.

The Cusip number is 06741UZT4.

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