By Marisa Wong
Madison, Wis., Aug. 27 - Barclays Bank plc priced $1.6 million of 0% notes Aug. 28, 2017 linked to the Barclays WTI Crude 11M Deferred TR index, according to a 424B2 filing with the Securities and Exchange Commission.
The index reflects the returns available by maintaining a rolling position in exchange-traded futures contracts for WTI crude oil.
The notes are putable, subject to a minimum of $1 million of notes, and callable at any time.
The payout at maturity or upon redemption will be par plus the index return minus an investor fee of 0.75% per year. Investors will be exposed to any losses.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Notes
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Underlying index: | Barclays WTI Crude 11M Deferred TR index
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Amount: | $1.6 million
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Maturity: | Aug. 28, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus index return minus investor fee of 0.75% per year; full exposure to losses
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Call option: | At any time
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Put option: | At any time, subject to minimum of $1 million of notes
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Initial level: | 1,555.3979
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Pricing date: | Aug. 23
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Settlement date: | Aug. 28
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Agent: | Barclays
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Fees: | None
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Cusip: | 06741TEQ6
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