New Issue: Barclays prices $25,000 buffered dual directional notes on S&P 500

Chicago, Dec. 19 – Barclays Bank plc priced $25,000 of 0% buffered dual directional notes due Dec. 13, 2028 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 1.1 times any gain in the index.

If the index falls by up to 15%, 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 15%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered dual directional notes
Underlying index:	S&P 500 index
Amount:	$25,000
Maturity:	Dec. 13, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.1 times any index gain; if index falls by up to 15% par plus the absolute value of return of that index; otherwise, 1% loss for each 1% decline of index beyond 15%
Initial level:	4,604.37
Buffer value:	3,913.71; 85% of initial level
Pricing date:	Dec. 8
Settlement date:	Dec. 13
Agent:	Barclays
Fees:	0.25%
Cusip:	06745P2Y6

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