New Issue: Barclays prices $4.61 million buffered dual directional notes on S&P 500

By William Gullotti

Buffalo, N.Y., Sept. 20 – Barclays Bank plc priced $4.61 million of 0% buffered dual directional notes due Dec. 19, 2024 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus any gain in the index, subject to a maximum return of par plus 10%.

If the index falls by up to 22.5%, the payout will be par plus the absolute value of the return.

Otherwise, investors will lose 1% for every 1% decline of the index beyond 22.5%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered dual directional notes
Underlying index:	S&P 500 index
Amount:	$4,607,000
Maturity:	Dec. 19, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, subject to a maximum return of par plus 10%; if index falls by up to 22.5% par plus the absolute value of return of that index; otherwise, 1% loss for each 1% decline of index beyond 22.5%
Initial level:	4,450.32
Buffer value:	3,449.0; 77.5% of initial level
Pricing date:	Sept. 15
Settlement date:	Sept. 20
Agent:	Barclays
Fees:	0.6%
Cusip:	06745NJC1

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