Chicago, May 21 – Barclays Bank plc priced $908,000 of buffered autocallable notes due Jan. 31, 2022 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.
If the closing value of each reference asset is at or above 75% of its initial value on a monthly observation date, investors will receive a contingent coupon at an annual rate of 8.65% on the related contingent coupon date.
The notes will be automatically called at par plus the coupon if each underlying closes at or above its initial level on any observation date after the first six months.
If the return of the lesser-performing underlying is at least negative 25%, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% decline of the lesser-performing underlying beyond 25%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | Buffered autocallable notes
|
| Underlyings: | VanEck Vectors Gold Miners ETF and SPDR S&P Oil & Gas Exploration & Production ETF
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| Amount: | $908,000
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| Maturity: | Jan. 31, 2022
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| Contingent coupon: | 8.65%, payable monthly each underlying closes above 75% of initial value
|
| Price: | Par
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| Payout at maturity: | Par unless either underlying falls by more than 25%, in which case 1% loss per 1% decline of lesser-performing underlying beyond 25%
|
| Call: | Automatically at par plus coupon if each underlying closes at or above initial level on observation date after six months
|
| Initial levels: | $20.89 for Gold Miners and $30.95 for Oil & Gas
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| Coupon barriers: | $15.67 for Gold Miners and $23.21 for Oil & Gas, 75% of initial values
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| Pricing date: | April 30
|
| Settlement date: | May 3
|
| Agent: | Barclays
|
| Fees: | 1.75%
|
| Cusip: | 06747MPY6
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