New Issue: Barclays sells $1.82 million dual directional notes tied to S&P, Russell

By Sarah Lizee

Olympia, Wash., Jan. 17 – Barclays Bank plc priced $1.82 million of 0% dual directional notes due Jan. 21, 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.

The payout at maturity will be par plus 1.03 times any gain in the worse performing index.

If either index falls by up to 15%, 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 15%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Dual directional notes
Underlying indexes:	Russell 2000 index, S&P 500 index
Amount:	$1,819,000
Maturity:	Jan. 21, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.03 times any gain of worse performing index; if either index falls by up to 15%, par plus the absolute return of worse performing index; otherwise, 1% loss for each 1% decline of worse performing index beyond 15%
Initial levels:	2,610.30 for S&P, 1,445.22 for Russell
Pricing date:	Jan. 15
Settlement date:	Jan. 18
Agent:	Barclays
Fees:	0.8%
Cusip:	06747MAH9

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