Barclays plans buffered notes linked to S&P 500 Equal Weight Energy

By Angela McDaniels

Tacoma, Wash., Feb. 20 – Barclays Bank plc plans to price 0% capped buffered notes linked to the S&P 500 Equal Weight Energy index, according to a 424B2 filing with the Securities and Exchange Commission.

The tenor of the notes is expected to be 11 to 14 months.

If the index return is positive, the payout at maturity will be par plus the index return, subject to a maximum payout that is expected to be $1,150 to $1,176 per $1,000 principal amount of notes. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.

The underlier is an equally weighted index that is designed to measure the performance of the energy sector of the S&P 500 Equal Weight index, which is the equally weighted version of the S&P 500 index.

The exact maturity date and maximum payout will be set at pricing.

Barclays is the agent.

The Cusip number is 06741URL0.

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