By Marisa Wong
Madison, Wis., Jan. 30 - Barclays Bank plc priced $500,000 of 0% notes due Jan. 31, 2017 linked to the S&P 500 Dynamic Veqtor Mid-Term Total Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will equal the closing indicative value on the final valuation date.
The closing indicative value will be $1,000 on the initial pricing date. On each subsequent day, it will equal the closing indicative value on the preceding day multiplied by the daily index factor - the closing index level on that day divided by the closing level on the preceding day - and minus the investor fee.
The investor fee is equal to (i) 0.95% times (ii) the closing indicative note value on the immediately preceding calendar day times (iii) the daily index factor on that day divided by (iv) 365.
Investors will be fully exposed to any losses.
Subject to a minimum of 25 notes, the securities may be redeemed prior to maturity at the closing indicative value on the applicable valuation date.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Notes
|
| Underlying index: | S&P 500 Dynamic Veqtor Mid-Term Total Return
|
| Amount: | $500,000
|
| Maturity: | Jan. 31, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Closing indicative value on final valuation date; closing indicative value is $1,000 at pricing, after that it equals closing indicative value on preceding day multiplied by daily index factor, minus investor fee; full exposure to losses
|
| Put option: | At closing indicative value on applicable valuation date, minimum of 25 notes
|
| Pricing date: | Jan. 26
|
| Settlement date: | Jan. 31
|
| Agent: | Barclays Capital Inc.
|
| Fees: | None
|
| Cusip: | 06738KK42
|
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