By Marisa Wong
Morgantown, W.Va., June 13 – Barclays Bank plc priced $244,000 of 0% buffered SuperTrack notes due Dec. 4, 2019 linked to the VanEck Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the fund, subject to a maximum return of 32%.
If the fund falls by up to 25%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond the 25% buffer.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered SuperTrack notes
|
| Underlying fund: | VanEck Vectors Gold Miners ET
|
| Amount: | $244,000
|
| Maturity: | Dec. 4, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any fund gain, return capped at 32%; par if fund falls by up to 25%; 1% loss for every 1% decline beyond the 25% buffer
|
| Initial price: | $22.69
|
| Pricing date: | May 31
|
| Settlement date: | June 5
|
| Agent: | Barclays
|
| Fees: | 1.25%
|
| Cusip: | 06741VUD2
|
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