New Issue: Barclays prices $668,000 buffered dual directional notes tied to S&P

By Kiku Steinfeld

Chicago, June 1 – Barclays Bank plc priced $668,000 of 0% buffered dual directional notes due April 29, 2024 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain, capped at par plus 6%.

If the index falls by up to 30%, the payout will be par plus the absolute value of the index return.

Investors will lose 1% for every 1% decline beyond 30%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered dual directional notes
Underlying index:	S&P 500 index
Amount:	$668,000
Maturity:	April 29, 2024
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus any index gain, capped at par plus 6%; if index falls by up to 30% par plus the absolute value of the index return; exposure to losses beyond 30%
Initial level:	4,016.95
Buffer level:	2,811.87, 70% of initial level
Pricing date:	Jan. 24, 2023
Settlement date:	Jan. 27, 2023
Agent:	Barclays
Fees:	0.25%
Cusip:	06749NJ94

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