New Issue: Barclays sells $314,000 buffered dual directional notes on S&P, Nasdaq

By William Gullotti

Buffalo, N.Y., July 19 – Barclays Bank plc priced $314,000 of 0% buffered dual directional notes due Nov. 30, 2023 linked to the least performing of the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gain in the lesser performing index up to a maximum payout of par plus 22%.

If the lesser performing index falls by up to 10%, the payout will be par plus the absolute value of the return of that index.

Investors will lose 1% for every 1% decline of the lesser performing index beyond 10%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered dual directional notes
Underlying indexes:	S&P 500 index, Nasdaq-100 index
Amount:	$314,000
Maturity:	Nov. 30, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus two times any gain in lesser performing index, up to par plus 22%; if lesser performing index falls by up to 10% par plus the absolute value of return of that index; exposure to losses of lesser performing index beyond 10%
Initial levels:	4,200.88 for S&P, 13,657.85 for Nasdaq
Buffer values:	3,780.79 for S&P, 12,292.07 for Nasdaq; 90% of initial levels
Pricing date:	May 27
Settlement date:	June 3
Agent:	Barclays
Fees:	1.25%
Cusip:	06748EMJ9

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