Barclays plans phoenix autocallables linked to VanEck Vectors Gold Miners

By Susanna Moon

Chicago, April 11 – Barclays Bank plc plans to price phoenix autocallable notes due April 27, 2018 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 9.25% to 10.25% if the fund closes at or above its coupon barrier, 65% of its initial level, on the observation date for that quarter.

The notes will be called at par plus the contingent coupon if the fund closes at or above its initial level on any valuation date other than the final date.

The payout at maturity will be par unless the fund finishes below its initial level and ever closes below its 65% barrier level during the life of the notes, in which case investors will lose 1% for each 1% decline.

Barclays is the agent.

The notes will price on April 25.

The Cusip number is 06741VQC9.

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