Barclays plans phoenix autocallables due 2018 linked to Gold Miners

By Susanna Moon

Chicago, Sept. 15 – Barclays Bank plc plans to price phoenix autocallable notes due Dec. 28, 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 8% to 9% if each index 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 each index closes at or above its initial level on any quarterly observation date other than the final date.

The payout at maturity will be par unless either index finishes below initial level and ever closes below its 70% knock-in level during the life of the notes, in which case investors will lose 1% for each 1% decline of the worse performing index.

Barclays is the agent.

The notes will price on Sept. 26 and settle on Sept. 29.

The Cusip number is 06744C2J9.

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