New Issue: Barclays sells $1 million dual directional notes tied to S&P 500, Stoxx Select

By Susanna Moon

Chicago, Aug. 20 – Barclays Bank plc priced $1 million of 0% dual directional notes due Aug. 18, 2022 linked to the lesser performing of the S&P 500 index and the Euro Stoxx Select Dividend 30 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above initial level, the payout at maturity will be par plus 1.5 times the gain of the worse performing index.

If either index falls by up to its 60% barrier, the payout at maturity will be par.

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

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Dual directional notes
Underlying indexes:	S&P 500 and Euro Stoxx Select Dividend 30
Amount:	$1 million
Maturity:	Aug. 18, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 1.5 times return of worse performing index; if either index falls by up to 40%, par; otherwise, 1% loss per 1% drop of worse performing index
Initial levels:	2,821.93 for S&P and 1,995.03for Stoxx Select
Barrier levels:	1,693.16 for S&P and 1,197.02 for Stoxx Select, 60% of initial levels
Pricing date:	Aug. 13
Settlement date:	Aug. 16
Agent:	Barclays
Fees:	2%
Cusip:	06746XMA8

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