New Issue: Barclays prices $6.47 million phoenix autocallables on gold miners ETF

By Tali Rackner

Norfolk, Va., Aug. 29 – Barclays Bank plc priced $6.47 million of phoenix autocallable notes due Aug. 29, 2019, linked to the VanEck Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 11% if the fund closes at or above its coupon barrier level, 60% of its initial level, on the observation date for that quarter.

Beginning in February 2017, the notes will be called at par plus the contingent coupon if the fund closes at or above its initial level on any observation date other than the final date.

The payout at maturity will be par unless the fund finishes below its 60% barrier level, in which case investors will be fully exposed to any losses.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Phoenix autocallable notes
Underlying ETF:	VanEck Vectors Gold Miners ETF
Amount:	$6,472,000
Maturity:	Aug. 29, 2019
Coupon:	11% per year, payable quarterly if ETF closes at or above barrier level on observation date for that quarter
Price:	Par of $1,000
Payout at maturity:	Par plus contingent coupon if ETF finishes at or above barrier price; otherwise, full exposure to ETF’s decline
Call:	Beginning in February 2017, automatically at par plus contingent coupon if ETF closes at or above initial share price on any quarterly observation date other than final one
Initial share price:	$27.31
Barrier price:	$16.39, 60% of initial share price
Pricing date:	Aug. 25
Settlement date:	Aug. 30
Agent:	Barclays
Fees:	3%
Cusip:	06741V7D8

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