New Issue: Barclays sells $2.81 million Super Track notes tied to two energy funds

By Toni Weeks

San Luis Obispo, Calif., Feb. 18 – Barclays Bank plc priced $2.81 million of 0% Super Track notes due Feb. 16, 2018 linked to the lesser performing of the United States Oil Fund, LP and the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price of the lesser-performing fund is greater than the initial price, the payout at maturity will be par plus 1.6 times the return of the lesser-performing fund.

If the final share price of the lesser-performing fund is less than or equal to its initial price but equal to or greater than its barrier price, 50% of the initial price, the payout will be par. If the final share price of the lesser-performing fund finishes below the barrier price, investors will be fully exposed to the decline.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Super Track notes
Underlying funds:	U.S. Oil Fund, LP and Energy Select Sector SPDR fund
Amount:	$2.81 million
Maturity:	Feb. 16, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If return of lesser-performing fund is positive, par plus 1.6 times the return; if return of lesser-performing fund is zero or negative but at least negative 50%, par; otherwise, full exposure to decline of lesser-performing fund
Initial prices:	$19.62 for U.S. Oil, $82.07 for Energy Select
Barrier prices:	$9.81 for U.S. Oil, $41.04 for Energy Select; 50% of initial levels
Pricing date:	Feb. 13
Settlement date:	Feb. 19
Agent:	Barclays
Fees:	2.375%
Cusip:	06741URH9

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