New Issue: Barclays prices $8.39 million dual directional trigger participation securities tied to S&P

By Wendy Van Sickle

Columbus, Ohio, Sept. 4 – Barclays Bank plc priced $8.39 million of 0% dual directional trigger participation securities due March 3, 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 the index return, up to a maximum of 15.8%. If the index declines by 10% or less, the payout will be par plus the absolute value of the index return. If the index declines by more than 10%, investors will lose 1% for every 1% that the index declines from its initial level.

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

Issuer:	Barclays Bank plc
Issue:	Dual directional trigger participation securities
Underlying index:	S&P 500
Amount:	$8,385,460
Maturity:	March 3, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If final index level is greater than initial index level, par plus index gain, up to a maximum of 15.8%; 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:	3,500.31
Trigger level:	3,150.28, 90% of initial level
Pricing date:	Aug. 31
Settlement date:	Sept. 3
Agent:	Barclays
Distribution:	Morgan Stanley Wealth Management
Fees:	2.5%
Cusip:	06747J137

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