New Issue: Barclays prices $817,000 buffered dual directional notes on S&P, Dow

By Sarah Lizee

Olympia, Wash., June 1 – Barclays Bank plc priced $817,000 of 0% buffered dual directional notes due May 30, 2025 linked to the least performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.27 times any gain in the lesser performing index.

If the lesser performing index falls by up to 15%, the payout will be par plus the absolute value of the return of that index.

Investors will lose 1% for every 1% decline of the lesser performing index beyond 15%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered dual directional notes
Underlying indexes:	S&P 500 index and Dow Jones industrial average
Amount:	$817,000
Maturity:	May 30, 2025
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 1.27 times any gain in lesser performing index; if lesser performing index falls by up to 15% par plus the absolute value of return of that index; exposure to losses of lesser performing index beyond 15%
Initial levels:	3,036.13 for S&P, 25,548.27 for Dow
Buffer values:	2,580.71 for S&P, 21,716.03 for Dow, 85% of initial levels
Pricing date:	May 27
Settlement date:	May 29
Agent:	Barclays
Fees:	2.3%
Cusip:	06747PVJ5

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