New Issue: Barclays prices $1.15 million dual directional notes linked to Dow, Russell

By Kiku Steinfeld

Chicago, Aug. 26 – Barclays Bank plc priced $1.15 million of 0% dual directional notes due Aug. 19, 2021 linked to the lesser performing of the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

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

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

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:	Dow Jones industrial average and Russell 2000 index
Amount:	$1,150,000
Maturity:	Aug. 19, 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 finishes flat or falls by up to 15%, par plus absolute value of return of lesser-performing index; investors will lose 1% for each 1% decline of the lesser-performing index beyond 15%
Initial levels:	25,479.42 for Dow and 1,467.52 for Russell 2000
Pricing date:	Aug. 14
Settlement date:	Aug. 19
Agent:	Barclays
Fees:	0.8%
Cusip:	06747NCF9

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