By Angela McDaniels
Tacoma, Wash., May 25 - Barclays Bank plc priced $1.75 million of 0% notes May 26, 2017 linked to the Barclays Series-2 WTI Crude 11M Deferred TR index, according to a 424B2 filing with the Securities and Exchange Commission.
The index reflects the returns available by maintaining a rolling position in exchange-traded futures contracts for WTI crude oil.
The notes are putable, subject to a minimum of $1 million of notes, and callable at any time.
The payout at maturity or upon redemption will be par plus the index return, which may be positive or negative, and minus an investor fee of 0.75% per year. If the notes are put or called within the first six months, the investor fee will be calculated as if the notes had been held for the full six-month period.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Notes
|
| Underlying index: | Barclays Series-2 WTI Crude 11M Deferred TR index
|
| Amount: | $1.75 million
|
| Maturity: | May 26, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus index return minus investor fee of 0.75% per year
|
| Call option: | At any time
|
| Put option: | Subject to minimum of 1,000 notes
|
| Initial index level: | 1,489.385
|
| Pricing date: | May 23
|
| Settlement date: | May 29
|
| Agent: | Barclays Capital Inc.
|
| Fees: | None
|
| Cusip: | 06738K6A4
|
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