New Issue: Barclays prices $262,000 capped dual directional notes tied to Russell, S&P 500

By Wendy Van Sickle

Columbus, Ohio, July 12 – Barclays Bank plc priced $262,000 of 0% capped dual directional notes due June 30, 2021 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus double the gain of the worse performing index, up to a maximum return of 25%.

If either index falls by up to 15%, the payout will be par plus the absolute value of the return of the worse performing index.

Otherwise, investors will lose 1% for each 1% decline of the worse performing index beyond 15%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Capped dual directional buffered notes
Underlying indexes:	Russell 2000 and S&P 500
Amount:	$262,000
Maturity:	June 30, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus return of lesser-performing index, up to 25% maximum upside return; if either index falls but by no more than 15% buffer, par plus absolute value of return of lesser-performing index; if either index falls by more than 15%, investors will lose 1% for each 1% decline of the lesser-performing index beyond buffer
Initial levels:	1,668.53 for Russell and 2,723.06 for S&P
Pricing date:	June 26
Settlement date:	June 29
Agent:	Barclays
Fees:	3.45%
Cusip:	06746XDR1

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.