By Angela McDaniels
Tacoma, Wash., Feb. 16 - Barclays Bank plc priced $3.5 million of 0% notes due Feb. 17, 2017 linked to the S&P 500 Dynamic Veqtor Mid-Term Total Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will equal the closing indicative value on the final valuation date, Feb. 14, 2017.
The closing indicative value was $1,000 on the pricing date. On each subsequent day, it equals the closing indicative value on the preceding day multiplied by the daily index factor - the closing index level on that day divided by the closing level on the preceding day - and minus the investor fee.
The investor fee was zero on the pricing date. On subsequent days, it equals 0.95% times the closing indicative note value on the preceding day times the daily index factor on that day divided by 365.
The notes are putable subject to a minimum of 25 notes. Investors will receive the closing indicative value on the applicable valuation date.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Notes
|
| Underlying index: | S&P 500 Dynamic Veqtor Mid-Term Total Return index
|
| Amount: | $3.5 million
|
| Maturity: | Feb. 17, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Amount equal to closing indicative value on Feb. 14, 2017
|
| Closing indicative value: | $1,000 on pricing date; on subsequent days, closing indicative value on preceding day multiplied by daily index factor and minus investor fee
|
| Daily index factor: | Index's closing level on that day divided by index's closing level on preceding day
|
| Investor fee: | Zero on pricing date; on subsequent days, 0.95% times closing indicative note value on preceding day times daily index factor on that day divided by 365
|
| Put option: | Subject to minimum of 25 notes
|
| Initial index level: | 202,813
|
| Pricing date: | Feb. 14
|
| Settlement date: | Feb. 17
|
| Agent: | Barclays Capital Inc.
|
| Fees: | Agent and dealers may receive all or portion of investor fee
|
| Cusip: | 06738KP70
|
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