New Issue: Barclays prices $3.5 million buffered autocallable dual directional notes on index, ETF

By Wendy Van Sickle

Columbus, Ohio, May 6 – Barclays Bank plc priced $3.5 million of buffered autocallable dual directional notes due Nov. 9, 2017 linked to the lesser performing of the S&P 500 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filed with the Securities and Exchange Commission.

The notes will be called at par plus a premium equal to 9% a year if each asset closes above its initial level on any quarterly call review date.

The payout at maturity will be par if the final level of the lesser-performing asset is at least negative 20%. Otherwise, investors will lose 1.25% for every 1% the lesser performing asset falls beyond 20%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered autocallable dual directional notes
Underlying assets:	S&P 500 and iShares MSCI EAFE ETF
Amount:	$3.5 million
Maturity:	Nov. 9, 2017
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par, unless either asset falls by more than 20%, in which case 1.25% loss for each 1% worse asset falls below 20%
Call:	Par plus premium of 9% a year if each asset closes above initial level on any quarterly call review date
Initial levels:	2,063.37 for index, $58.01 for ETF
Pricing date:	May 4
Settlement date:	May 9
Agent:	Barclays
Fees:	0.15%
Cusip:	06741V3N0

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