Barclays plans capped leveraged buffered notes tied to oil & gas ETF

By Tali Rackner

Norfolk, Va., Jan. 12 – Barclays Bank plc plans to price 0% 48- to 51-month capped leveraged 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.

The payout at maturity will be par plus triple any fund gain, up to a maximum settlement amount of $1,900 to $2,056 for each $1,000 principal amount of notes. The exact cap will be set at pricing.

Investors will be exposed to any losses.

Barclays is the agent.

The Cusip number is 06741U2V5.

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