New Issue: Barclays prices $735,000 buffered dual directional notes tied to indexes

By Sarah Lizee

Olympia, Wash., Feb. 24 – Barclays Bank plc priced $735,000 of 0% buffered dual directional notes due Feb. 20, 2024 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 2 times the gain of the least performing index, capped at par plus 45%.

If any index falls by up to 20%, 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 20%.

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:	$735,000
Maturity:	Feb. 20, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 2 times any index gain of worst performer, capped at par plus 45%; 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:	29,398.08 for Dow, 1,687.58 for Russell, 9,623.58 for Nasdaq
Buffer levels:	23,518.46 for Dow, 1,350.07 for Russell, 7,698.86 for Nasdaq, 80% of initial levels
Pricing date:	Feb. 14
Settlement date:	Feb. 20
Agent:	Barclays
Fees:	0.5%
Cusip:	06747PBG3

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