New Issue: Barclays prices $6.97 million buffered dual directional autocallables on index, ETF

By Marisa Wong

Morgantown, W.Va., Jan. 3 – Barclays Bank plc priced $6.97 million of buffered autocallable dual directional notes due June 29, 2018 linked to the lesser performing of the Russell 2000 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 of 10% per year if each asset closes above its initial level on any quarterly call review date.

If the notes are not called and the final level of the lesser-performing asset is at least negative 20%, the payout at maturity will be par. 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:	Russell 2000 index and iShares MSCI EAFE ETF
Amount:	$6,967,000
Maturity:	June 29, 2018
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% that worse asset falls below 20%
Call:	Par plus premium of 10% per year if each asset closes above initial level on any quarterly call review date
Initial levels:	1,362.66 for index, $57.53 for ETF
Pricing date:	Dec. 23
Settlement date:	Dec. 29
Agent:	Barclays
Fees:	0.05%
Cusip:	06741VFW7

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