PBUG Stock, Barclays Bank PLC ZC SP ETN PERPETUAL USD Information

The Pacer iPath Gold Trendpilot ETNs are designed to provide exposure to the Pacer Barclays Gold Trendpilot Total Return Index. The Index is calculated on a total return basis and is intended to reflect (1) the performance over time of a dynamic allocation strategy by taking 100 percentage, 50 percentage or 0 percentage notional exposure to the Barclays Gold 3 Month Deferred Index Excess Return (the Gold Index) on a daily basis based on three specified signals that reference the short-term and long-term performance of the Gold Index and (2) the return that corresponds to the weekly announced interest rate for specified 3-month U.S. Treasury bills. The Gold Index is intended to reflect the performance of a rolling position in specified gold futures contracts that will become the first liquid nearby futures contracts three months in the future in accordance with a specified schedule.