New Issue: Barclays prices $478,000 callable contingent payment notes tied to Gold Miners ETF

By Marisa Wong

Madison, Wis., Dec. 24 - Barclays Bank plc priced $478,000 of callable contingent payment notes due Dec. 27, 2018 linked to the Market Vector Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes pay a contingent coupon at an annualized rate of 10% if the ETF's shares close above the coupon barrier level, 65% of the initial share price, on the valuation date for that quarter.

The payout at maturity will be par unless the ETF finishes below the barrier level, 60% of the initial share price, in which case investors will be fully exposed to losses.

Beginning on Dec. 23, 2014, the notes will be callable at par plus the contingent coupon, if any, on any interest payment date.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable contingent payment notes
Underlying ETF:	Market Vectors Gold Miners ETF
Amount:	$478,000
Maturity:	Dec. 27, 2018
Coupon:	10% per year, payable quarterly if ETF closes above coupon barrier price on valuation date for that quarter
Price:	Par
Payout at maturity:	If final share price is greater than or equal to barrier price, par; otherwise, full exposure to losses
Call option:	At par on any interest payment date beginning on Dec. 23, 2014
Initial share price:	$20.39
Coupon barrier price:	$13.25, 65% of initial share price
Barrier price:	$12.23, 60% of initial share price
Pricing date:	Dec. 23
Settlement date:	Dec. 27
Underwriter:	Barclays
Fees:	3.5%
Cusip:	06741T2Q9

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