Barclays to price buffered autocallable notes on gold, silver ETFs

By Marisa Wong

Los Angeles, Jan. 13 – Barclays Bank plc plans to price buffered autocallable notes due Jan. 17, 2025 linked to the least performing of the VanEck Vectors Gold Miners exchange-traded fund and the iShares Silver Trust, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a monthly contingent coupon of 8.5% per year if each asset closes at or above its coupon barrier, 80% of its initial level, on the related monthly observation date.

The notes will be called at par if each asset closes at or above its initial level on any monthly call valuation date after one year.

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 Jan. 14.

The Cusip number is 06747P2R9.

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