By Sarah Lizee
Olympia, Wash., July 31 – Barclays Bank plc priced $1.5 million of 0% buffered SuperTrack notes due April 1, 2021 linked to the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.2 times any fund gain, capped at par plus 35%.
If the fund falls by up to 10%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond 10%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | Buffered SuperTrack notes
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| Underlying fund: | SPDR S&P Oil & Gas Exploration & Production ETF
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| Amount: | $1.5 million
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| Maturity: | April 1, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.2 times any fund gain, capped at par plus 35%; par if fund falls by up to 10%; otherwise, 1% loss for every 1% decline beyond 10%
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| Initial fund level: | $23.76
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| Pricing date: | July 29
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| Settlement date: | Aug. 1
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| Agent: | Barclays
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| Fees: | 0.7%
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| Cusip: | 06747NAG9
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