New Issue: Barclays prices $918,000 buffered dual directional notes tied to indexes

By Kiku Steinfeld

Chicago, Jan. 16 – Barclays Bank plc priced $918,000 of 0% buffered dual directional notes due May 1, 2025 linked to the least performing of the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.3 times any gain of the worst performing index.

If any index falls by up to 15%, the payout will be par plus the absolute value of the index return of the worst performer.

Investors will lose 1% for every 1% decline of the least performing asset beyond 15%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered dual directional notes
Underlying indexes:	Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
Amount:	$918,000
Maturity:	May 1, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.3 times any index gain of worst performer; if any index falls by up to buffer level, par plus the absolute value of the index return of worst performer; exposure to losses of worst performer beyond buffer
Initial levels:	1,768.987 for Russell, 13,245.99 for Nasdaq, 34,098.16 for Dow
Buffer levels:	1,503.64 for Russell, 11,259.09 for Nasdaq, 28,983.44 for Dow, 85% of initial levels
Pricing date:	April 28, 2023
Settlement date:	May 3, 2023
Agent:	Barclays
Fees:	0.45%
Cusip:	06745M5H7

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