New Issue: Barclays prices $9.11 million dual directional trigger PLUS tied to S&P 500

By Wendy Van Sickle

Columbus, Ohio, July 3 – Barclays Bank plc priced $9.11 million of 0% dual directional trigger Performance Leveraged Upside Securities due July 6, 2022 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus double the index return, subject to a maximum return of 27.3%. If the index declines by 20% or less, the payout will be par plus the absolute value of the index return. If the index declines by more than 20%, investors will lose 1% for every 1% that the index declines from its initial level.

Barclays Capital Inc. is the agent. Distribution is through Morgan Stanley Wealth Management.

Issuer:	Barclays Bank plc
Issue:	Dual directional trigger Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$9,107,030
Maturity:	July 6, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If final index level is greater than initial index level, par plus double index gain, subject to 27.3% maximum return; if final index level is less than initial index level but greater than or equal to trigger level, par plus absolute value of index return; if final index level is less than trigger level, 1% loss for every 1% that index declines from initial level
Initial index level:	2,941.76
Trigger level:	2,353.41, 80% of initial level
Pricing date:	June 28
Settlement date:	July 3
Agent:	Barclays Capital Inc.
Distribution:	Morgan Stanley Wealth Management
Fees:	3%
Cusip:	06747B456

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