New Issue: Barclays sells $326,000 callable contingent coupon notes on VanEck Vectors Gold

By Wendy Van Sickle

Columbus, Ohio, Dec. 30 – Barclays Bank plc priced $326,000 of callable contingent coupon notes due Dec. 31, 2019 linked to the VanEck Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent quarterly coupon of 10.5% per year if the fund closes at or above its barrier level, 60% of its initial level, on the observation date for that period.

The payout at maturity will be par unless the fund finishes below its barrier level, in which case investors will lose 1% for each 1% decline.

The notes are callable at par on any interest payment date beginning in June 2017.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable contingent coupon notes
Underlying ETF:	VanEck Vectors Gold Miners
Amount:	$326,000
Maturity:	Dec. 31, 2019
Coupon:	10.5% per year, payable quarterly if the fund closes at or above barrier level on observation date for that quarter
Price:	Par of $1,000
Payout at maturity:	Par unless the fund finishes below barrier level, in which case 1% loss for each 1% decline
Call option:	At par on any interest payment date beginning in June 2017
Initial level:	$19.87
Barrier level:	$11.92, 60% of initial level
Pricing date:	Dec. 27
Settlement date:	Dec. 30
Agent:	Barclays
Fees:	3.25%
Cusip:	06741VEZ1

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