New Issue: Barclays prices $783,000 callable contingent payment notes tied to Gold Miners ETF

By Marisa Wong

Madison, Wis., Aug. 1 – Barclays Bank plc priced $783,000 callable contingent payment notes due July 31, 2019 linked to the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent coupon at an annualized rate of 7% for each quarter that the fund closes above the 75% coupon barrier level on a quarterly valuation date.

The notes are callable at par plus the contingent coupon on any interest payment date after one year.

The payout at maturity will be par unless the fund finishes below the 70% barrier level, in which case investors will be fully exposed to any losses.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable contingent payment notes
Underlying fund:	Market Vectors Gold Miners ETF
Amount:	$783,000
Maturity:	July 31, 2019
Coupon:	7%, payable quarterly if fund closes at or above its coupon barrier level on review date for that quarter
Price:	Par
Payout at maturity:	Par unless fund falls below barrier level, in which case full exposure to losses
Call option:	At par plus contingent payment on any interest payment date after one year
Initial level:	$26.99
Coupon barrier level:	$20.24, 75% of initial price
Barrier level:	$18.89, 70% of initial price
Pricing date:	July 28
Settlement date:	July 31
Agent:	Barclays
Fees:	3.5%
Cusip:	06741UFR0

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