New Issue: Barclays sells $570,000 dual directional notes tied to S&P 500, Russell

By Wendy Van Sickle

Columbus, Ohio, Jan. 11 – Barclays Bank plc priced $570,000 of 0% dual directional notes due Jan. 9, 2023 linked to the lesser performing of the Nasdaq-100 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.43 times any gain in the worse performing index.

If either index falls by up to 20%, the payout will be par plus the absolute value of the return of the worse index.

Otherwise, investors will lose 1% for each 1% decline of the worse performing index beyond 20%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Dual directional notes
Underlying indexes:	Dow Jones industrial average, Nasdaq-100 index
Amount:	$570,000
Maturity:	Jan. 9, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.43 times any gain of worse performing index; if either index falls by up to 20%, par plus the absolute return of worse performing index; otherwise, 1% loss for each 1% decline of worse performing index beyond 20%
Initial levels:	6,422.67 for Nasdaq, 23,433.16 for Dow
Pricing date:	Jan. 4
Settlement date:	Jan. 9
Agent:	Barclays
Fees:	1%
Cusip:	06747MAE6

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