New Issue: Barclays prices $10.33 million buffered dual directional notes on Dow

By Wendy Van Sickle

Columbus, Ohio, April 12 – Barclays Bank plc priced $10.33 million of 0% buffered dual directional notes due April 13, 2026 linked to the Dow Jones industrial average, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus any gain in the index, subject to a maximum return of par plus 23%.

If the index falls by up to 20%, 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 20%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered dual directional notes
Underlying index:	Dow Jones industrial average
Amount:	$10,333,000
Maturity:	April 13, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, subject to a maximum return of par plus 23%; if index falls by up to 20% par plus the absolute value of return of the index; otherwise, 1% loss for each 1% decline of index beyond 20%
Initial level:	38,892.8
Buffer value:	301,114.24; 80% of initial level
Pricing date:	April 8
Settlement date:	April 11
Agent:	Barclays
Fees:	0.15%
Cusip:	06745Q6W4

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