Barclays plans one-year phoenix autocalls tied to VanEck Vectors Gold

By Susanna Moon

Chicago, July 13 – Barclays Bank plc plans to price phoenix autocallable notes due Aug. 3, 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 underlying fund closes at or above its 70% coupon barrier 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 the second or third quarterly observation date.

The payout at maturity will be par unless the fund finishes below its initial level and ever closes below its 70% knock-in level during the life of the notes, in which case investors will be fully exposed to any losses.

Barclays is the agent.

The notes will price on July 31 and settle on Aug. 3.

The Cusip number is 06744CAC5.

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