New Issue: Barclays prices $10.66 million dual directional notes linked to WTI crude oil

By Toni Weeks

San Luis Obispo, Calif., March 4 - Barclays Bank plc priced $10.66 million of 0% dual directional notes due March 17, 2015 linked to futures contracts on WTI crude oil, according to a 424B2 filing with the Securities and Exchange Commission.

If the final price of WTI crude is greater than or equal to the barrier level, 80.55% of the initial price, the payout at maturity will be par plus the absolute value of the asset return. Otherwise, investors will be fully exposed to the decline from the initial price.

The final price will be the average of the closing prices on the five trading days ending March 12, 2015.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Dual directional notes
Underlying commodity:	Future contracts on WTI crude oil
Amount:	$10,662,000
Maturity:	March 17, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If final price is greater than or equal to barrier level, par plus absolute value of asset return; otherwise, full exposure to decline in price from initial price
Initial price:	$102.59
Barrier price:	$82.64, 80.55% of initial price
Pricing date:	Feb. 28
Settlement date:	March 5
Agent:	Barclays
Fees:	1%
Cusip:	06741T6M4

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