New Issue: Barclays prices $825,000 buffered dual directional notes tied to S&P

By Wendy Van Sickle

Columbus, Ohio, Sept. 12 – Barclays Bank plc priced $825,000 of 0% buffered dual directional notes due Sept. 4, 2020 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain, capped at par plus 18%.

If the index falls by up to 14.2%, the payout will be par plus the absolute value of the index return.

Investors will lose 1% for every 1% decline beyond 14.2%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered dual directional notes
Underlying index:	S&P 500 index
Amount:	$825,000
Maturity:	Sept. 4, 2020
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus any index gain, capped at par plus 18%; if index falls by up to 14.2% par plus the absolute value of the index return; exposure to losses beyond 14.2%
Initial level:	2,901.13
Pricing date:	Aug. 30
Settlement date:	Sept. 5
Agent:	Barclays
Fees:	0.5%
Cusip:	06746XNK5

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