Barclays plans contingent coupon notes linked to gold miners ETF

By Angela McDaniels

Tacoma, Wash., Sept. 6 – Barclays Bank plc plans to price callable contingent coupon notes due Sept. 30, 2019 linked to the VanEck Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at the rate of 10% per year if the ETF closes at or above its barrier price, 60% of its initial share price, on the observation date for that quarter.

The notes will be callable at par on any coupon payment date.

The payout at maturity will be par unless the final share price is less than the barrier price, in which case investors will be exposed to the ETF’s decline from its initial share price.

Barclays is the agent.

The notes will price Sept. 27.

The Cusip number is 06741VAM4.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.