By Marisa Wong
Morgantown, W.Va., May 19 – Barclays Bank plc priced $1.38 million of 0% capped return enhanced notes due May 30, 2018 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any fund gain, up to a maximum return of par plus 26.55%.
Investors will be exposed to any losses.
Barclays is the underwriter with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Capped return enhanced notes
|
| Underlying ETF: | SPDR S&P Oil & Gas Exploration & Production ETF
|
| Amount: | $1.38 million
|
| Maturity: | May 30, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus triple any fund gain, capped at 26.55%; exposure to any losses
|
| Initial price: | $35.29
|
| Pricing date: | May 12
|
| Settlement date: | May 17
|
| Agents: | Barclays with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents
|
| Fees: | 1%
|
| Cusip: | 06741VVH2
|
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