By Toni Weeks
San Luis Obispo, Calif., Dec. 23 – Barclays Bank plc priced $2.15 million of 0% autocallable Super Track notes due Dec. 22, 2017 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund closes at or above the call price, 120% of the initial price, on the Dec. 28, 2015 call observation date, the notes will be called at the redemption price, which is $1,200 per $1,000 principal amount of notes.
If the notes are not called and the final share price is greater than the initial price, the payout at maturity will be par plus 1.5 times the fund return.
Investors will receive par if the price falls by up to 25% and will be fully exposed to the decline if it falls by more than 25%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Autocallable Super Track notes
|
| Underlying fund: | Energy Select Sector SPDR
|
| Amount: | $2,147,000
|
| Maturity: | Dec. 22, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any share price gain; par if fund falls by up to 25%; full exposure to losses if fund falls by more than 25%
|
| Call: | At par plus 20% if share price closes at or above call price on Dec. 28, 2015
|
| Initial level: | $80.57
|
| Call price: | $96.68, 120% of initial price
|
| Barrier price: | $60.43, 75% of initial price
|
| Pricing date: | Dec. 19
|
| Settlement date: | Dec. 24
|
| Agent: | Barclays
|
| Fees: | 2%
|
| Cusip: | 06741UNK6
|
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