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Published on 10/3/2023 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $500,000 buffered dual directional notes on EAFE index

Chicago, Oct. 3 – Barclays Bank plc priced $500,000 of 0% buffered dual directional notes due Oct. 2, 2025 linked to the MSCI EAFE index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus any gain in the index.

If the index falls by up to 25.5%, the payout will be par plus the absolute value of the return.

Otherwise, investors will lose 1% for every 1% decline of the index beyond 25.5%.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered dual directional notes
Underlying index:MSCI EAFE index
Amount:$500,000
Maturity:Oct. 2, 2025
Coupon:0%
Price:Par
Payout at maturity:Par plus any index gain; if index falls by up to 25.5% par plus the absolute value of return of that index; otherwise, 1% loss for each 1% decline of index beyond 25.5%
Initial level:1,654.25
Buffer value:1,232.42; 74.5% of initial level
Pricing date:Sept. 28, 2022
Settlement date:Oct. 3, 2022
Agent:Barclays
Fees:0.75%
Cusip:06748XWL1

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