New Issue: Barclays prices $2.34 million dual directional notes tied to WTI crude

By Marisa Wong

Madison, Wis., Sept. 19 - Barclays Bank plc priced $2.34 million of 0% dual directional notes due March 20, 2015 linked to WTI crude, according to a 424B2 filing with the Securities and Exchange Commission.

If the price of crude finishes at or above the 75.25% barrier level, the payout at maturity will be par plus the absolute value of the return.

Investors will be fully exposed to losses if the price of crude drops below the barrier level.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Dual directional notes
Underlying asset:	WTI crude
Amount:	$2,335,000
Maturity:	March 20, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If crude finishes at or above barrier price, par plus absolute value of return; otherwise, full exposure to losses
Initial price:	$105.42
Barrier price:	75.25% of initial price
Pricing date:	Sept. 17
Settlement date:	Sept. 20
Agent:	Barclays
Fees:	1.25%
Cusip:	06741TL39

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