Barclays to price dual directional notes linked to WTI crude

By Marisa Wong

Madison, Wis., July 16 - Barclays Bank plc plans to price 0% dual directional notes due July 28, 2014 linked to the performance of WTI crude, according to an FWP filing with the Securities and Exchange Commission.

If the final price of WTI crude is at or above the barrier level, 78.5% of the initial price, the payout at maturity will be par plus the absolute value of the asset return. Otherwise, investors will be fully exposed to the decline.

Barclays is the underwriter with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents.

The notes are expected to price July 17 and settle July 22.

The Cusip number is 06741TZB6.

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