New Issue: Barclays prices $1.54 million buffered dual directional notes tied to S&P, Russell

By Sarah Lizee

Olympia, Wash., Feb. 13 – Barclays Bank plc priced $1.54 million of 0% buffered dual directional notes due July 29, 2022 linked to the least performing of the S&P 500 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 the gain of the least performing index.

If the index falls by up to 15%, the payout will be par plus the absolute value of the index return of the worse 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:	S&P 500 index and Russell 2000
Amount:	$1,537,000
Maturity:	July 29, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain of worse performer; if index falls by up to buffer level, par plus the absolute value of the index return of worse performer; exposure to losses of worse performer beyond buffer
Initial levels:	3,225.52 for S&P, 1,614.06 for Russell
Buffer levels:	2,741.69 for S&P, 1,371.95 for Russell, 85% of initial levels
Pricing date:	Jan. 31
Settlement date:	Feb. 5
Agent:	Barclays
Fees:	1.25%
Cusip:	06747NXZ2

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