Tried black & white - polarize - add noise but have not achieved the desired effect shown here
Tried to replicate it from the original black+white image I found on the web. Far from being accurate, but this is what I got:
The "filter" you presented looks like a result of scanning a poster with a two-level scanner (i.e. a scanner that 'sees' just two colors - black and white, and no shade between them. Fax machines work that way).
0. Original image
Found on the internet as the starting point of the process. If you wish to apply this effect to other images, I believe this approach can be useful.
1. Blur + noise
Added a layer of crumpled paper I found on the web. Gave it a low opacity and blended it in. Added a 'levels' filter on top of it to make the entire image darker, as blending the (white) paper made the image too bright.
I would turn the image layer into a Smart Object, run the Camera RAW Smart filter and increase the Contrast, and in the Curves tab increase the Highlights until they are white. Then apply Grain in the Fx tab.
Then finally apply a Threshold adjustment layer to the Smart Object, and reduce its opacity a bit.
Using a Smart Object and Smart filters is useful because these can be tweaked later as much as you want.