Barclays plans dual direction notes due 2021 tied to S&P 500, Russell

By Susanna Moon

Chicago, July 6 – Barclays Bank plc plans to price 0% dual directional notes due Feb. 3, 2021 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlying index finishes above its initial, the payout at maturity will be par plus 1.1 times to 1.15 times the gain of the worse performing asset.

If either asset falls by up to the 15% buffer, the payout will be par.

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

Barclays is the agent.

The notes will price on July 31.

The Cusip number is 06746XGX5.

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