By Wendy Van Sickle
Columbus, Ohio, June 20 – Barclays Bank plc priced $1.14 million of buffered autocallable contingent coupon notes due Dec. 12, 2024 linked to the VanEck Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon of 10.7% if the ETF closes at or above its 80% buffer level on the related observation date.
After six months, if the ETF closes above of its initial level on any observation date, the notes will be automatically redeemed at par.
If the notes are not redeemed prior to maturity, the payout will be par unless the ETF finishes below 80% of its initial level, in which case investors will lose 1% for each 1% the ETF declines beyond 20%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered autocallable contingent coupon notes
|
| Underlying ETF: | VanEck Gold Miners ETF
|
| Amount: | $1,137,000
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| Maturity: | Dec. 12, 2024
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| Contingent coupon: | 10.7%, payable monthly if the ETF closes at or above its buffer level on related observation date
|
| Price: | Par
|
| Payout at maturity: | Par if the ETF finishes at or above buffer level; 1% loss for each 1% ETF decline beyond 20%
|
| Call: | After six months, if the ETF closes above its initial level on any observation date, the notes will be automatically redeemed at par
|
| Initial ETF level: | $31.08
|
| Buffer level: | $24.86; 80% of initial levels
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| Pricing date: | June 9
|
| Settlement date: | June 14
|
| Agent: | Barclays
|
| Fees: | 0.7%
|
| Cusip: | 06745MJ74
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