New Issue: Barclays sells $3.46 million market-linked notes on Energy Select fund

By Marisa Wong

Morgantown, W.Va., Feb. 12 – Barclays Bank plc priced $3.46 million of 0% market-linked notes with leveraged upside participation to a cap and fixed percentage buffered downside due Feb. 5, 2021 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% times any fund gain, capped at par plus 40%.

If the fund finishes flat or falls by up to 10%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline beyond 10%.

Wells Fargo Securities, LLC and Barclays are the agents.

Issuer:	Barclays Bank plc
Issue:	Market-linked notes with leveraged upside participation to a cap and fixed percentage buffered downside
Underlying fund:	Energy Select Sector SPDR fund
Amount:	$3,458,000
Maturity:	Feb. 5, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any fund gain, with return capped at 40%; par if fund falls by up to 10%; 1% loss for every 1% drop beyond 10%
Initial price:	$74.85
Threshold price:	$67.365, 90% of initial price
Pricing date:	Jan. 31
Settlement date:	Feb. 5
Agents:	Wells Fargo Securities, LLC and Barclays
Fees:	3.42%
Cusip:	06744CRE3

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