New Issue: Barclays prices $1.93 million autocallable fixed-coupon notes on Gold Miners ETF

By Kiku Steinfeld

Chicago, Feb. 23 – Barclays Bank plc priced $1.93 million of 9% autocallable fixed-coupon notes due Feb. 22, 2022 linked to the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The notes will be automatically called at par if the fund closes at or above its initial level on any monthly call date after six months.

If the notes are not called, the payout at maturity will be par unless the fund finishes below 75% of its initial level, in which cases investors will lose 1% for each 1% of the fund below the initial value.

Barclay is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable fixed-coupon notes
Underlying fund:	VanEck Vectors Gold Miners ETF
Amount:	$1,927,000
Maturity:	Feb. 22, 2022
Coupon:	9%, payable monthly
Price:	Par of $1,000
Call:	At par if fund closes at or above initial level on any monthly call date after six months
Payout at maturity:	Par unless fund finishes below barrier level, in which case investors lose 1% for each 1% decline from initial level
Initial level:	$34.09
Barrier level:	$25.57, 75% of initial level
Pricing date:	Feb. 16
Settlement date:	Feb. 19
Agent:	Barclays
Fees:	1%
Cusip:	06748E4Z3

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