Barclays plans buffered autocallable notes due 2021 on two ETFs

By Sarah Lizee

Olympia, Wash., May 21 – Barclays Bank plc plans to price buffered autocallable notes due May 27, 2021 linked to the least performing of the VanEck Vectors Gold Miners ETF and the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a monthly contingent coupon of 7.15% per year if each asset closes at or above its coupon barrier, 80% of its initial level, on the related observation date, plus any previously unpaid coupons.

The notes will be called at par if each asset closes at or above its initial level on any monthlycall valuation date after six months.

The payout at maturity will be par unless either asset falls by more than 20%, in which case investors will lose 1% for each 1% decline of the worse performing asset beyond 20%.

Barclays is the agent.

The notes will price on May 24.

The Cusip number is 06747MVA1.

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