New Issue: Barclays sells $109,000 dual directional notes on iShares EAFE, Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, Dec. 27 – Barclays Bank plc priced $109,000 of 0% dual directional notes due June 24, 2021 linked to the lesser performing of the iShares MSCI EAFE ETF and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlying asset finishes at or above initial level, the payout at maturity will be par plus 1.8 times the gain of the worse performing index or fund.

If either asset falls by up to 15%, the payout at maturity will be par plus the absolute value of the return of the worse performing asset.

Otherwise, investors will lose 1% for each 1% decline of the worse performing index or fund beyond the buffer.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Dual directional notes
Underlying assets:	iShares MSCI EAFE ETF and Euro Stoxx 50
Amount:	$109,000
Maturity:	June 24, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If each asset gains, par plus 1.8 times return of worse performing index or fund; if either index falls by up to 15%, par plus absolute return of worse performing index or fund; otherwise, 1% loss per 1% drop of worse performing index or fund beyond 15%
Initial levels:	$58.82 for fund and 3,051.38 for Stoxx
Pricing date:	Dec. 19
Settlement date:	Dec. 24
Agent:	Barclays
Fees:	3%
Cusip:	06746XZZ9

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