New Issue: Barclays sells $652,000 buffered dual directional notes on S&P, Nasdaq

By Marisa Wong

Morgantown, W.Va., April 2 – Barclays Bank plc priced $652,000 of 0% buffered dual directional notes due March 20, 2023 linked to the least performing of the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus 2.85 times any gain in the lesser performing index, capped at par plus 40%.

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 Nasdaq-100 index
Amount:	$652,000
Maturity:	March 20, 2023
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 2.85 times any gain in lesser performing index, capped at par plus 40%; 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:	2,822.48 for S&P, 7,306.99 for Nasdaq
Pricing date:	March 15
Settlement date:	March 20
Agent:	Barclays
Fees:	3.75%
Cusip:	06747MHW9

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