Barclays plans 18- to 21-month digital notes tied to SPDR S&P Oil

By Susanna Moon

Chicago, Jan. 27 – Barclays Bank plc plans to price 18- to 21-month digital index-linked notes 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 finishes at or above the 85% trigger level, the payout at maturity will be the maximum settlement amount of $1,263 to $1,309 per $1,000 principal amount of notes. The exact amount will be set at pricing.

Otherwise, investors will lose 1.1765% for every 1% decline beyond 15%.

Barclays is the underwriter.

The Cusip number is 06741U4G6.

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