New Issue: Barclays prices $2.2 million capped leveraged notes on oil & gas ETF

By Marisa Wong

Morgantown, W.Va., Jan. 26 – Barclays Bank plc priced $2.2 million of 0% capped leveraged notes due Jan. 25, 2018 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus double any fund gain, up to a maximum settlement amount of $1,705 for each $1,000 principal amount of notes.

Investors will be exposed to any losses.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Capped leveraged notes
Underlying ETF:	SPDR S&P Oil & Gas Exploration & Production ETF
Amount:	$2,199,000
Maturity:	Jan. 25, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus two times any fund gain, up to maximum settlement amount of $1,705 for each $1,000 principal amount; full exposure to any losses
Initial price:	$26.47
Pricing date:	Jan. 22
Settlement date:	Jan. 29
Agent:	Barclays
Fees:	2%
Cusip:	06741U3W2

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