Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Barclays PLC Capital/Financing Update 2011

May 24, 2011

5250_rns_2011-05-24_28b85df5-190a-4aef-9212-39c2df0c270b.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

BARCLAYS BANK PLC (Incorporated with limited liability in England and Wales)

BARCLAYS CAPITAL (CAYMAN) LIMITED

(Incorporated as an exempted company with limited liability in the Cayman Islands) (Guaranteed by Barclays Bank PLC)

Programme for the issuance of Structured Investment Management Plan Linked to Equity (S.I.M.P.L.E.) Notes

Issue by Barclays Bank PLC of £ 6,000,000 Notes due June 2016

Series S1093

Issue Price: 100.00% of par

The Offer Period will be from and including 26 April 2011 to and including 10 June 2011

The Base Prospectus referred to below (as completed by these Final Terms) has been prepared on the basis that, except as provided in sub-paragraph (ii) below, any offer of Notes in any Member State of the European Economic Area which has implemented the Prospectus Directive (2003/71/EC) (each, a "Relevant Member State") will be made pursuant to an exemption under the Prospectus Directive, as implemented in that Relevant Member State, from the requirement to publish a prospectus for offers of the Notes. Accordingly any person making or intending to make an offer of the Notes may only do so:

  • in circumstances in which no obligation arises for the Bank or the Dealer to publish a $(i)$ prospectus pursuant to Article 3 of the Prospectus Directive or supplement a prospectus pursuant to Article 16 of the Prospectus Directive, in each case, in relation to such offer; or
  • $(ii)$ in the Public Offer Jurisdiction mentioned in Paragraph 37 of the Final Terms relating to the Notes set out in Part A below, provided such person is one of the persons mentioned in Paragraph 37 of the Final Terms relating to the Notes set out in Part A below and that such offer is made during the Offer Period specified for such purpose therein.

Neither the Bank nor the Dealer has authorised, nor do they authorise, the making of any offer of Notes in any other circumstances.

Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the Base Prospectus (the "Base Prospectus") dated 30 March 2011, as supplemented and amended, which constitutes a base prospectus for the purposes of the Prospectus Directive (Directive 2003/71/EC) (the "Prospectus Directive"). This document constitutes the Final Terms of the Notes described herein for the purposes of Article 5.4 of the Prospectus Directive and must be read in conjunction with the Base Prospectus. Full information on Barclays Bank PLC (the "Bank") and the offer of the Notes is only available on the basis of the combination of these Final Terms and the Base Prospectus. The Base Prospectus is available for viewing at the registered office of the Bank (1 Churchill Place, London E14 5HP) and at the specified office of the Principal Notes Agent (One Canada Square, London E14 5AL) and copies may be obtained from those offices.

Barclays Capital

The Bank accepts responsibility for the information contained in these Final Terms.

Each investor (a "Noteholder") by purchasing the Notes shall be deemed to have made its own independent investigations and assessment of (i) the Notes, (ii) the Warrants into which the Notes may be exchanged (the "Warrants"), (iii) the Preference Shares for which the Warrants are exercisable (the "Preference Shares" and, together with the Notes and the Warrants, the "Securities") and (iv) the commodity, equity, FX rate, index, inflation, a basket comprising a range or a combination of asset classes or other underlying asset(s) to which the return on the Securities is linked (the "Underlying") and the performance of the Underlying. Furthermore, neither the Bank nor Barclays Capital (Cayman) Limited ("BCCL") is, and nor shall either of them be deemed to be, giving any assurances regarding the prospects or performance of the Underlying.

Each investor by purchasing the Notes shall be deemed to acknowledge its understanding and acceptance on the date on which it purchases the Notes and so becomes a Noteholder that (a) it is acting for its own account and it has made its own independent decision to purchase the Notes or a direct or indirect interest (including by way of participation) in the Notes and as to whether such a holding is appropriate or proper for it based upon its own judgment and upon advice from such advisers as it has deemed necessary; (b) it is not relying on any communication (written or oral) of the Bank or any affiliate thereof as investment advice or as a recommendation to purchase the Notes or a direct or indirect interest (including by way of participation) in the Notes; (c) it is capable of assessing the merits of and understanding (on its own behalf or through independent professional advice), and understands and accepts, the terms, conditions and risks of holding the Notes and, if exchanged, the Warrants and, if exercised, the Preference Shares or a direct or indirect interest (including by way of participation) in the same; and (d) neither the Bank nor any affiliate thereof is acting as a fiduciary for or an adviser to it in respect of the Securities. Each Noteholder, by purchasing the Notes, acknowledges that it has read and understood the Base Prospectus, including without limitation the risk factors set out in it.

The distribution of this document and the offer of the Notes in certain jurisdictions may be restricted by law. Persons into whose possession this Final Terms may come are required by the Bank to inform themselves about and to observe any such restrictions. Details of selling restrictions for various jurisdictions are set out in "Subscription and Sale" in the Base Prospectus. In particular, the Securities have not been, and will not be, registered under the US Securities Act of 1933, as amended (the "Securities Act") and are subject to U.S. tax law requirements. Trading in such securities has not been approved by the US Commodity Futures Trading Commission under the US Commodity Exchange Act. Subject to certain exceptions, the Securities may not at any time be offered, sold or delivered in the United States or to U.S. persons, nor may any U.S. persons at any time trade or maintain a position in such securities.

Index disclaimers:

In respect of Index 1 and Index 2 (as further described below), the respective Index disclaimers are as set out in Schedule 1.

FINAL TERMS

PART A

FINAL TERMS RELATING TO THE NOTES

Parties
Note Issuer: Barclays Bank PLC
Dealer and Stabilising Manager: Barclays Bank PLC
5 The North Colonnade
Canary Wharf
London E14 4BB
Note Determination Agent: Barclays Capital Securities Limited
Provisions relating to the Notes
1. Title of the Notes: £ 6,000,000 Notes due June 2016
2. (a) Series: S1093
(b) Tranche: 1
3. Specified Currency: Pound Sterling ("£")
4. the Notes: Aggregate principal amount of
(a) Series: £ 6,000,000
(b) Tranche: £ 6,000,000
5. Notes: Denomination and number of $£ 1.00 (6,000,000$ Notes)
6. Form of Note: Uncertificated Registered Notes
7. Note Trade Date: 14 April 2011
8. Note Issue Date: 17 June 2011
9. Note Issue Price: 100 per cent. of par
10. (specify
Relevant
Annex):
The following Relevant Annex
(es) shall apply to the Notes:
each
applicable
Not Applicable
Provisions relating to interest (if any) payable on the Note
11. Interest: Non-Interest Bearing
(a) Calculation Amount: Not Applicable
(b) Interest Amount: Not Applicable
(c) Interest Basis: Non-Interest Bearing

$(d)$ Interest Rate(s):

(i) Fixed Rate: Not Applicable
(ii) Floating Rate Not Applicable
(iii) Variable Rate: Not Applicable
(iv) Non-Interest
Bearing:
Applicable
(e) Screen Rate
Determination:
Not Applicable
(f) ISDA Determination: Not Applicable
(g) Margin: Not Applicable
(h) Interest Rate: Minimum/Maximum Not Applicable
(i) Interest Commencement Date: Not Applicable
(j) Interest
Date:
Determination Not Applicable
(k) Interest
Periods:
Calculation Not Applicable
(i) Period
Interest
End Dates:
Not Applicable
(ii) Interest
calculation
method
for
long
short or
Interest
Calculation
Periods:
Not Applicable
(1) Interest Payment Dates: Not Applicable
(m) Day Count Fraction: Not Applicable
(n) Business
Convention:
Day Not Applicable
(0) rounding
the
Conditions:
Fall back provisions,
provisions,
denominator and any
other terms relating to
method
of
calculating interest, if
different from those set
out in the
Note
Not Applicable

Provisions regarding redemption

12. Note Redemption Date: 17 June 2016, subject to adjustment in accordance
with the Following Business Day Convention
13. Call Option: Not Applicable
14. Specified Early Redemption: Not Applicable
15. Additional Disruption Events:
(i) Change in Law: Applicable
(ii) Tax Event: Applicable
(iii) Hedging Disruption: Applicable
(iv) Increased
Cost
of
Hedging:
Applicable
(v) Affected
Jurisdiction
Hedging Disruption:
Not Applicable
(vi) Affected
Jurisdiction
Increased
Cost
of
Hedging:
Not Applicable
(vii) Other: Not Applicable
16. Note Early Redemption Date: The second Business Day after the Redemption
Notice is received, provided that the Note Early
Redemption Date must fall no later than two
Business Days prior to the Note Redemption Date
17. Early Cash Settlement Amount:
(i) For the purpose of Note
Condition 4.2:
Not Applicable
(ii) For the purpose of Note
Condition 4.4:
As stated in Condition 21 of the Note Conditions
(iii) For the purpose of Note
Condition 11:
As stated in Condition 21 of the Note Conditions
(iv) For the purpose of Note
Condition 20:
As stated in Condition 21 of the Note Conditions
18. Note Redemption Amount: £1.00 per Note unless on the Election Valuation
Date the market value of a Warrant determined by
the Note Determination Agent in good faith and in
a commercially reasonable manner (the "Warrant
Market Value") is more than £1.00 in which case
the Note Redemption Amount shall be determined
as follows:
(a) if the Warrant Market Value is more than $£1.00$
but equal to or less than £1.02, the Note
Redemption Amount shall be an amount equal to
the Warrant Market Value; and
(b) if the Warrant Market Value is more than £1.02,
the Redemption Amount shall be £1.02.
19. Note Redemption Notice Time: 10:00 am Brussels time (in the case of Euroclear
Bank), 11:00 am Brussels time (if delivered by
EUCLID) or 10:00 am Luxembourg time (in the case
of Clearstream, Luxembourg)
20. Procedures for giving Note
Issuer Redemption Notice and
Noteholders' Notice if other
than as specified in Condition
5.2(a)(ii):
Not Applicable
21. Procedures for giving Note
Issuer Specified Early
Redemption Event Redemption
Notice and Specified Early
Redemption Event Note
Redemption Notice if other
than as specified in Condition
5.2(a)(iii):
Not Applicable
22. Procedure for giving Special
Note Redemption Notice and
Noteholders' Notice if other
than as specified in Condition
5.2(a)(iv):
Not Applicable
23. Warrants which may be
purchased using the Note
Redemption Amount:
Index Linked Warrants, Series WS1093, issued by
Barclays Capital (Cayman) Limited and guaranteed
by Barclays Bank PLC. The Warrants are exercisable
for Class 47N Redeemable Preference Shares in
Barclays Capital (Cayman) Limited guaranteed by
Barclays Bank PLC.
24. Election Valuation Date: 10 June 2016
Provisions
Annexes
relating
Relevant
to
25. Equity Linked Provisions: Not Applicable
26. Index Linked Provisions: Not Applicable
27. Inflation Linked Provisions: Not Applicable
28. FX Linked Provisions: Not Applicable
29. Commodity Linked Provisions: Not Applicable
General
30. Warrant Delivery Date: As defined in Condition 21 of the Note Conditions
31. Additional Business Centres: None
32. Other relevant Conditions: Not Applicable
33. Selling Restrictions: As described in the Base Prospectus
34. Applicable TEFRA exemption
(for bearer instruments only)
TEFRAD
35. Total commission and Up to 6.8 per cent. of the Issue Price may be paid to
concession: the relevant Financial Intermediary. Further details
available upon request.
    1. CREST: The Notes are Uncertificated Registered Relevant Clearing Systems: Notes and accordingly there is no relevant Clearing System in relation to them.
    1. Non-exempt Offer An offer of the Notes may be made by the Dealer and InCapital Europe Limited (each a "Financial Intermediary" and, together, the "Financial Intermediaries") other than pursuant to Article 3(2) of the Prospectus Directive in the United Kingdom (the "Public Offer Jurisdiction") during the period from and including 26 April 2011 to and including 10 June 2011 (the "Offer Period"). See further Paragraph 8 of Part B below.
    1. Changes to Principal Note None Agent or Registrar or other agents appointed:
    1. Provisions relating Not Applicable to redenomination:

Operational Information

GB00B4V8CX77 ISIN Code: Common Code: Not Applicable Other Codes: Not Applicable

PURPOSE OF FINAL TERMS

These Final Terms comprise the final terms required for issue and public offer in the Public Offer Jurisdiction and admission to trading on and admission to the Official List of the London Stock Exchange of the Notes described herein pursuant to the Programme for the issuance of Structured Investment Management Plan Linked to Equity (S.I.M.P.L.E.) Notes of Barclays Bank PLC.

LISTING AND ADMISSION TO TRADING APPLICATION

These Final Terms comprise the final terms required to list and have admitted to trading the issue of the Notes described herein pursuant to the Programme for the issuance of Structured Investment Management Plan Linked to Equity (S.I.M.P.L.E.) Notes of Barclays Bank PLC.

FINAL TERMS RELATING TO THE WARRANTS

Parties

1. Warrant Issuer: Barclays Capital (Cayman) Limited
2. Warrant Guarantor: Barclays Bank PLC
3. Warrant
Agent:
Determination Barclays Capital Securities Limited
Provisions relating to the Warrants
4. (a) Series: WS1093
(b) Tranche: 1
5. issued: Number of Warrants being
(a) Series: 6,000,000
(b) Tranche: 6,000,000
6. Warrant Trade Date: 14 April 2011
7. Warrant Issue Date: 17 June 2011
8. Warrant Issue Price: £1.00 per Warrant
9. the
exercised:
Preference Shares for which
Warrants
be
may
Class 47N Redeemable Preference Shares in Barclays
Capital (Cayman) Limited guaranteed by Barclays
Bank PLC
10. The
Warrants
applicable
Annex):
following
Relevant
Annex(es) shall apply to the
(specify
each
Relevant
Equity Linked Annex
11. Additional Disruption Events:
(i) Change in Law: Applicable
(ii) Tax Event: Applicable
(iii) Hedging Disruption: Applicable
(iv) Increased
Cost
οf
Hedging:
Applicable
(v) Affected
Jurisdiction
Hedging Disruption:
Not Applicable
(vi) Affected
Jurisdiction
Increased
Cost
оf
Hedging:
Not Applicable
(vii) Other: Not Applicable
12. Warrant Exercise Price: The Warrant Exercise Price will be calculated in

accordance with the following:

£ 2.00 - Index Performance

The Warrant Exercise Price of each Warrant will constitute the issue price of the relevant Preference Share.

If it appears that the Warrant Exercise Price may be less than £0.01 or a negative number as determined in accordance with the formula set out above, the Warrant Determination Agent will, in its sole and absolute discretion, adjust the Warrant Exercise Price and the redemption amount per Preference Share so as to ensure that the Warrant Exercise Price per Warrant exercised is not less than £0.01 or is not a negative number.

Where:

"Accrual" means the value of £1.00 increased by interest at overnight GBP LIBOR compounded from, but excluding, the applicable Observation Date (i) to, and including, the Final Valuation Date. For the avoidance of doubt, if the applicable Observation Date (i) is the Final Valuation Date, Accrual will be equal to £1.00.

"Decrease Amount" or "DA" will be determined in accordance with the following:

(A) If, in respect of each Index (i), $Ff \ge 50\%$ x Fi, then DA will be equal to: 0

Otherwise

(B) If, in respect of either Index (i), $Ff < 50\%$ x Fi, then DA will be calculated as follows:

£ 1.00 x max(1.00 - (Ffworst/Fiworst), 0)

"Dividend" or "Div" means the Index dividend yield of the Worst Performing Index expressed as a continuously compounded annual rate from, and including, the Final Valuation Date to, and including, the Warrant Exercise Valuation Date as determined by the Warrant Determination Agent, in its sole and absolute discretion.

"Election Valuation Date" means 10 lune 2016.

"Exercise Index Level" or "EIL" means the Index Level of the Worst Performing Index on the Warrant Exercise Valuation Date.

"Ffworst" means the Final Index Level of the Worst Performing Index.

"Final Index Level" or "Ff" means, in respect of each Index (i), the Index Level on the Final Valuation Date.

"Final Valuation Date" means the Election Valuation Date.

"Fiworst" means the Initial Index Level of the Worst Performing Index.

"Fixed Amount" will be calculated in accordance with the following:

  • If, in respect of each Index (i), $FR1 \ge 100\%$ x $(A)$ Fi, then the Fixed Amount will be £1.13;
  • $(B)$ Subject to (A) above, if, in respect of each Index (i), FR2 $\geq$ 100% x Fi, then the Fixed Amount will be £1.195;
  • $(C)$ Subject to $(A)$ and $(B)$ above, if, in respect of each Index (i), FR3 $\geq$ 100% x Fi, then the Fixed Amount will be £1.26;
  • $(D)$ Subject to (A), (B) and (C) above, if, in respect of each Index (i), FR4 $\geq$ 100% x Fi, then the Fixed Amount will be £1.325;
  • $(E)$ Subject to $(A)$ , $(B)$ , $(C)$ and $(D)$ above, if, in respect of each Index (i), FR5 $\geq$ 100% x Fi, then the Fixed Amount will be £1.39;
  • $(F)$ Subject to $(A)$ , $(B)$ , $(C)$ , $(D)$ and $(E)$ above, if, in respect of each Index (i), $FR6 \ge 100\%$ x Fi, then the Fixed Amount will be £1.455;
  • $(G)$ Subject to $(A)$ , $(B)$ , $(C)$ , $(D)$ , $(E)$ and $(F)$ above, if, in respect of each Index (i), $FR7 \ge 100\%$ x Fi, then the Fixed Amount will be £1.52;
  • $(H)$ Subject to $(A)$ , $(B)$ , $(C)$ , $(D)$ , $(E)$ , $(F)$ and $(G)$ above, if, in respect of each Index (i), $FR8 \geq$ 100% x Fi, then the Fixed Amount will be £1.585;
  • If none of $(A)$ , $(B)$ , $(C)$ , $(D)$ , $(E)$ , $(F)$ , $(G)$ , or $(H)$ $(I)$ applies, then the Fixed Amount will be calculated as follows:

(x) If, in respect of each Index (i), $Ff \ge 100\%$ x Fi, Fixed Amount = $£1.65$

Otherwise:

(y) If, in respect of either Index (i), $Ff < 100\%$ x Fi, Fixed Amount = £1.00 - DA

"FR1" means, in respect of each Index (i), the Index Level on Observation Date 1.

"FR2" means, in respect of each Index (i), the Index

Level on Observation Date 2.

"FR3" means, in respect of each Index (i), the Index Level on Observation Date 3

"FR4" means, in respect of each Index (i), the Index Level on Observation Date 4.

"FR5" means, in respect of each Index (i), the Index Level on Observation Date 5.

"FR6" means, in respect of each Index (i), the Index Level on Observation Date 6.

"FR7" means, in respect of each Index (i), the Index Level on Observation Date 7.

"FR8" means, in respect of each Index (i), the Index Level on Observation Date 8.

"GBP LIBOR" means the daily reference rate for deposits in GBP, which appears on Bloomberg ticker: BP00O/N Index at 11:00 a.m., London time, as observed daily.

"Index Accrual" will be calculated in accordance with the following:

EIL/(RIL x Exp(-Dividend x Time))

"Index Level" means, in respect of each Index (i), the level of the relevant Index (i) at the Valuation Time on a Scheduled Trading Day.

"Index Performance" will be calculated in accordance with the following:

(Fixed Amount x (Accrual / £ 1.00)) x Index Accrual

"Initial Index Level" or "Fi" means the Index Level on the Initial Valuation Date.

"Initial Valuation Date" means 10 lune 2011.

"Observation Date (i)" means, for the purposes of Accrual, the date on which the Fixed Amount is determined (being, for the avoidance of doubt, either Observation Date 1, Observation Date 2, Observation Date 3, Observation Date 4, Observation Date 5, Observation Date 6, Observation Date 7, Observation Date 8 or Observation Date 9) (where i represents an Observation Date from 1 to 9).

"Observation Date 1" means 11 lune 2012.

"Observation Date 2" means 10 December 2012.

"Observation Date 3" means 10 lune 2013.

"Observation Date 4" means 10 December 2013.

"Observation Date 5" means 10 June 2014.
"Observation Date 6" means 10 December 2014.
"Observation Date 7" means 10 June 2015.
"Observation Date 8" means 10 December 2015.
"Observation Date 9" means the Final Valuation Date.
"Performance" means, in respect of each Index (i), a
value calculated as follows:
Final Index Level / Initial Index Level
"Reference Index Level" or "RIL" means the Index
Level of the Worst Performing Index on the
Scheduled Trading Day following the Final Valuation
Date.
"Time" or "T" means the period (expressed in years
or fractions of a year (as the case may be)) from and
including the Final Valuation Date to and including
the Warrant Exercise Valuation Date.
"Warrant Exercise Valuation Date" means one
Business Day prior to the Warrant Exercise Date.
"Worst Performing Index" means the Index (i) with
the lowest calculated Performance, as determined by
the Determination Agent in its sole discretion.
13. Warrant Exercise Date: 1 July 2016, provided that, if such date is not a
Business Day, the Warrant Exercise Date will be the
immediately succeeding Business Day.
14. Warrant Settlement Date: 1 July 2016 or, if such day is not a Business Day, the
immediately following Business Day.
15. Specified Early Exercise Event: Not Applicable
16. (i) Option
settlement applies:
to vary Yes
(ii) lf
yes,
Settlement Amount:
the Cash The Cash Settlement Amount shall be calculated in
accordance with the following:
Index Performance
If it appears that the Cash Settlement Amount may be
a negative number as determined in accordance with
formula
set
above,
the
out
the
Warrant
Determination Agent will, in its sole and absolute
discretion, adjust the Cash Settlement Amount so as
to ensure that the Cash Settlement Amount per
Warrant exercised is not a negative number.
(iii) lf
yes,
the Cash Condition 4.3 applies

Settlement Date:

17. Early
Amount:
Cash Settlement As set out in Warrant Condition 6
18. Amount: Guaranteed Cash Settlement The Guaranteed Cash Settlement Amount (as defined
in Condition 3 of the Warrant Conditions) will be
calculated by the Warrant Determination Agent in its
sole and absolute discretion or, if the Warrant Issuer
has elected to vary settlement of the Warrants in
accordance with Condition 4.3 of the Warrant
Conditions, will be the Cash Settlement Amount.
19. Early
Period:
Cancellation Notice As stated in Condition 4.4 of the Warrant Conditions
20. Early Cancellation Date: As stated in Condition 4.4 of the Warrant Conditions
21. Equity Linked Warrants: Not Applicable
22. Index Linked Warrants: Applicable
(i) Index/Indices (each a
"Reference Asset"):
A basket comprising two Indices (each an "Index
$(i)$ "):
(i) The HSCEI Index ("Index 1"), as calculated and
sponsored by Hang Seng Indexes Company Limited
(for the purposes of Index 1, the "Index Sponsor")
(Bloomberg ticker: HSCEI )
(ii) The MSCI Taiwan Index ("Index 2"), as calculated
by Morgan
sponsored
Stanley Capital
and
International Inc. (for the purposes of Index 2, the
Sponsor") (Bloomberg ticker:
"Index
TAMSCI
)
(ii) Exchange[s]: In respect of Index 1, the Hong Kong Stock Exchange;
In respect of Index 2, the Index is a Multi-exchange
Index.
(iii) Related Exchange[s]: In respect of both Index 1 and Index 2, All Exchanges
(iv) Weighting
Reference
comprising
Assets:
for each
Asset
the
Basket of Reference
Not Applicable
(v) Averaging: Not Applicable
(vi) Index
Warrants:
Additional Disruption
Event in respect of
Linked
Not Applicable
(vii) FX Disruption Event: Applicable
(a) Specified In respect of Index 1, Hong Kong Dollar ("HKD").
Currency: In respect of Index 2, New Taiwan Dollar ("TWD")
(b) Settlement Pound Sterling

Currency:

(c) Specified
Jurisdiction:
In respect of Index 1, Hong Kong.
In respect of Index 2, Taiwan.
(viii) Valuation Date: Each date on which the Index Level of each Index (i) is
observed, as detailed in paragraph 12 of these
Warrant Final Terms
(ix) Specified
methodology
determining
Day:
for
Index
Level if the Valuation
Date is a Disrupted
Paragraph 1.4 of Part B of Equity Linked Annex
applies
(x) Valuation Time: Definitions in Part C of Equity Linked Annex apply
(x i ) Other adjustments: Not Applicable
23. Inflation Linked Warrants: Not Applicable
24. FX Linked Warrants: Not Applicable
25. Commodity Linked Warrants: Not Applicable
26. Relevant Clearing Systems: Euroclear and Clearstream, Luxembourg
27. Additional Business Centres: None
28. Other Conditions: Not Applicable
29. Preference Share Redemption
Date:
12 July 2017

KYG0800H4615 ISIN Number: Common Code: 61997768

FINAL TERMS RELATING TO THE PREFERENCE SHARES

1. Preference Share Issuer: Barclays Capital (Cayman) Limited
2. Preference Share Issue Date: 1 July 2016
3. Preference Share Class: Class 47N
4. Preference
Share
Redemption Amount:
£ 2.00 x $(1 +$ Share Increase)
5. Preference
Share
Redemption Date:
12 July 2017
6. Warrant Settlement Date: The date defined as such in the Warrant Final Terms
7. Preference Share Agent: The Bank of New York Mellon
(Appointment only operative once Global Preference
Share delivered to a common depositary for Euroclear
and Clearstream, Luxembourg)
8. Form of Preference Shares: Global registered
9. Preference Share Issue Price: See paragraph 12 of Warrant Final Terms
10. Minimum tradeable size: One Preference Share

ISIN Number: KYG0800H4797 Common Code: 61997784

PART B

$1.$ LISTING AND ADMISSION TO TRADING

$(i)$ Listing and Application has been made by the Bank (or on its admission behalf) for the Notes to be admitted to trading on and to admitted to the Official List of the London Stock trading: Exchange's regulated market with effect from 17 June 2011.

No application has been or will be made to list or admit to trading the Warrants and the Preference Shares on any stock exchange or market.

$2.$ RATINGS

Ratings of the Notes: The Notes have not been individually rated.

$31$ NOTIFICATION

Not Applicable

$4.$ INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE NOTE ISSUE

Save for any fees payable to the Dealer, so far as the Bank is aware, no person involved in the issue of the Notes has an interest material to the offer.

  1. YIELD OF THE NOTES (FIXED Not Applicable RATE NOTES ONLY) INDICATION OF YIELD:

6. HISTORIC INTEREST RATES (FLOATING RATE NOTES ONLY)

Not Applicable

7. PERFORMANCE OF THE UNDERLYING, EXPLANATION OF EFFECT ON VALUE OF THE SECURITIES AND ASSOCIATED RISKS AND OTHER INFORMATION CONCERNING THE UNDERLYING

Information relating to the Index including its past and future performance and volatility, may be obtained from Bloomberg screen page: (i) HSCEI , in respect of Index 1; and (ii) TAMSCI , in respect of Index 2.

Investors should note that historical performance should not be taken as an indication of future performance.

The table below shows the possible returns for different scenarios, based on an investment of £10,000. The below figures are examples only and that changes in the Index Level have been chosen to demonstrate the potential returns to an investor.

Year
("x")
Index Level of
Index $1 \ge 100\%$
after "x"
number of
Years?
Index Level
of Index 2
$\geq$ 100% after
"x" number
of Years?
Ffworst/Fiworst Possible return
based upon
£10,000
investment
$\mathbf{1}$ Yes Yes Not Applicable £11,300
$\mathbf{1}$ No No Not Applicable Not Applicable
1.5 Yes Yes Not Applicable £11,950*
1.5 No No Not Applicable Not Applicable
$\overline{2}$ Yes Yes Not Applicable £12,600*
$\overline{2}$ No No Not Applicable Not Applicable
2.5 Yes Yes Not Applicable £13,250*
2.5 No No Not Applicable Not Applicable
3 Yes Yes Not Applicable £13,900*
3 No No Not Applicable Not Applicable
3.5 Yes Yes Not Applicable £14,550*
3.5 No No Not Applicable Not Applicable
$\overline{4}$ Yes Yes Not Applicable £15,200*
$\overline{4}$ No No Not Applicable Not Applicable
4.5 Yes Yes Not Applicable £15,850*
4.5 No No Not Applicable Not Applicable
5 Yes Yes Not Applicable £16,500*
5 No No 95% £10,000*
5 No No 90% £10,000*
5 No No 80% £10,000*
5 No No 70% £10,000*
5 No No 60% £10,000*
5 No No 50% £10,000*
5 No No 49% £4,900*
5 No No 30% £3,000*

* Based on assumption no Fixed Amount has been previously locked-in.

In certain circumstances (including at the Note Issuer's option, if applicable, or for reasons of illegality or as a result of a change in law or hedging disruption) the Notes may be redeemed early. In such cases, the amount payable will be an amount in cash which shall be the market value of a Note adjusted to take into account any costs, losses or expenses which are incurred (or are expected to be incurred) by (or on behalf of) the Note Issuer in connection with the early redemption or cancellation of the Notes (including (without duplication or limitation) hedging termination and funding breakage costs (whether actual or notional)), all as determined by the Note Determination Agent in its sole and absolute discretion. If the Warrants cannot be delivered through the clearing systems because of a continuing Settlement Disruption Event, the Note Issuer may deliver the Warrants in another commercially reasonable manner or may instead pay an amount in cash representing the fair market value of

the Warrant less the cost to the Note Issuer and/or its Affiliates of unwinding any underlying hedging arrangements, all as determined by the Note Determination Agent in its sole and absolute discretion. In the case of an early termination, the Noteholder will not receive the full benefit of any increase in the Index that takes place after the early termination and before the Election Valuation Date.

It is also possible that the Warrants could be terminated early for reasons of illegality. In such a case, the Warrant Issuer will pay to each Warrantholder an amount in respect of each Warrant held by such holder, which amount shall be the market value of a Warrant notwithstanding such illegality adjusted to take into account any costs, losses or expenses which are incurred (or are expected to be incurred) by (or on behalf of) the Warrant Issuer in connection with the cancellation of the Warrants (including (without duplication or limitation) hedging termination and funding breakage costs (whether actual or notional)) plus, if already paid by or on behalf of the Warrantholder, the Warrant Exercise Price, all as determined by the Warrant Determination Agent in its sole and absolute discretion. If the Preference Shares are to be delivered through the clearing systems and cannot be so delivered because of a continuing Settlement Disruption Event, BCCL may deliver the Preference Shares in another commercially reasonable manner or may instead pay an amount in cash representing the fair market value of the Preference Share less the cost to the Warrant Issuer and/or its Affiliates of unwinding any underlying hedging arrangements, all as determined by the Warrant Determination Agent in its sole and absolute discretion.

Investors should note that the Note Determination Agent and the Warrant Determination Agent are entities in the same group as the Note Issuer and the Warrant Issuer, respectively, and may therefore be subject to conflicts of interest in performing their respective duties under the Notes and the Warrants.

8. TERMS AND CONDITIONS OF THE OFFER

Non-exempt public offer provisions: Applicable
Offer Price: Issue Price of the Notes
Conditions to which the offer is subject: The Note Issuer reserves the right to withdraw
the offer for Notes at any time on or prior to
the end of the Offer Period.
For the avoidance of doubt, if any application
has been made by the potential investor, each
such potential investor shall not be entitled to
subscribe or otherwise acquire the Notes and
will be automatically
applications
any
cancelled and any purchase money will be
refunded to the applicant.
Description of the application process: Applications for the Notes can be made in the
Public Offer Jurisdiction through the relevant
Financial Intermediary in the Public Offer
Jurisdiction during the Offer Period. The Notes
will be placed into the Public Offer Jurisdiction
by the Financial Intermediaries. Distribution
will be in accordance with the relevant
Financial Intermediary's usual procedures,
notified to investors by the relevant Financial
Intermediary.
Details of the minimum and/or maximum
amount of application:
The minimum and maximum amount of
application from each Financial Intermediary
will be notified to investors by the relevant
Financial Intermediary.
Description
of possibility to
reduce
subscriptions and manner for refunding
excess amount paid by applicants:
Subscription orders may be reduced in case of
oversubscription, excess amount of funds paid
reduced without delay
being
with
no
entitlement for compensation.
Details of the method and time limits for
paying up and delivering the Notes:
Investors will be notified by the relevant
Financial Intermediary of their allocations of
Notes and the settlement arrangements in
respect thereof.
Manner in and date on which results of the
offer are to be made public:
Not Applicable
Procedure for exercise of any right of pre-
emption, negotiability of subscription rights
and treatment of subscription rights not
exercised:
Not Applicable
Categories of potential investors to which the
Notes are offered and whether tranche(s)
have been reserved for certain countries:
Offers may be made by each Financial
Intermediary in the Public Offer Jurisdiction to
any person. Offers (if any) in other EEA
countries will only be made by a Financial
Intermediary pursuant to an exemption from
the obligation under the Prospectus Directive
as implemented in such countries to publish a
prospectus. For the avoidance of doubt, no
action has been made or will be taken that
would permit a public offering of the Notes or
possession or distribution of any offering
material in relation to the Notes in any
jurisdiction (other than the Public Offer
Jurisdiction) where action for that purpose is
required.
Process for notification to applicants of the
amount allotted and the indication whether
dealing may begin before notification is
made:
Each investor will be notified by the relevant
Financial Intermediary of its allocation of
at the time of such
Notes
investor's
application.
No dealings in the Notes may take place prior
to the Note Issue Date of Tranche 1.
Amount
οf
any
expenses
and
taxes
specifically charged to the subscriber or
purchaser:
Not Applicable
Name(s) and address(es), to the extent known
to the Bank, of the placers in the various
countries where the offer takes place:
InCapital Europe Limited
Marquis House
67-68 Jermyn Street
Mayfair
London SW1Y 6NY

Schedule 1

Index disclaimers

HSCEI Index: The HSCEI (for the purposes of this disclaimer, the "Index") is/are published and compiled by Hang Seng Indexes Company Limited pursuant to a licence from Hang Seng Data Services Limited. The mark(s) and name(s) HSCEI are proprietary to Hang Seng Data Services Limited. Hang Seng Indexes Company Limited and Hang Seng Data Services Limited have agreed to the use of, and reference to, the Index(es) by Barclays Bank PLC in connection with the Securities (the "Product"), BUT NEITHER HANG SENG INDEXES COMPANY LIMITED NOR HANG SENG DATA SERVICES LIMITED WARRANTS OR REPRESENTS OR GUARANTEES TO ANY BROKER OR HOLDER OF THE PRODUCT OR ANY OTHER PERSON (i) THE ACCURACY OR COMPLETENESS OF ANY OF THE INDEX(ES) AND ITS COMPUTATION OR ANY INFORMATION RELATED THERETO; OR (ii) THE FITNESS OR SUITABILITY FOR ANY PURPOSE OF ANY OF THE INDEX(ES) OR ANY COMPONENT OR DATA COMPRISED IN IT; OR (iii) THE RESULTS WHICH MAY BE OBTAINED BY ANY PERSON FROM THE USE OF ANY OF THE INDEX(ES) OR ANY COMPONENT OR DATA COMPRISED IN IT FOR ANY PURPOSE, AND NO WARRANTY OR REPRESENTATION OR GUARANTEE OF ANY KIND WHATSOEVER RELATING TO ANY OF THE INDEX(ES) IS GIVEN OR MAY BE IMPLIED. The process and basis of computation and compilation of any of the Index(es) and any of the related formula or formulae, constituent stocks and factors may at any time be changed or altered by Hang Seng Indexes Company TO THE EXTENT PERMITTED BY APPLICABLE LAW, NO Limited without notice. RESPONSIBILITY OR LIABILITY IS ACCEPTED BY HANG SENG INDEXES COMPANY LIMITED OR HANG SENG DATA SERVICES LIMITED (i) IN RESPECT OF THE USE OF AND/OR REFERENCE TO ANY OF THE INDEX(ES) BY BARCLAYS IN CONNECTION WITH THE PRODUCT; OR (ii) FOR ANY INACCURACIES, OMISSIONS, MISTAKES OR ERRORS OF HANG SENG INDEXES COMPANY LIMITED IN THE COMPUTATION OF ANY OF THE INDEX(ES); OR (iii) FOR ANY INACCURACIES, OMISSIONS, MISTAKES, ERRORS OR INCOMPLETENESS OF ANY INFORMATION USED IN CONNECTION WITH THE COMPUTATION OF ANY OF THE INDEX(ES) WHICH IS SUPPLIED BY ANY OTHER PERSON; OR (iv) FOR ANY ECONOMIC OR OTHER LOSS WHICH MAY BE DIRECTLY OR INDIRECTLY SUSTAINED BY ANY BROKER OR HOLDER OF THE PRODUCT OR ANY OTHER PERSON DEALING WITH THE PRODUCT AS A RESULT OF ANY OF THE AFORESAID, AND NO CLAIMS. ACTIONS OR LEGAL PROCEEDINGS MAY BE BROUGHT AGAINST HANG SENG INDEXES COMPANY LIMITED AND/OR HANG SENG DATA SERVICES LIMITED in connection with the Product in any manner whatsoever by any broker, holder or other person dealing with the Product. Any broker, holder or other person dealing with the Product does so therefore in full knowledge of this disclaimer and can place no reliance whatsoever on Hang Seng Indexes Company Limited and Hang Seng Data Services Limited. For the avoidance of doubt, this disclaimer does not create any contractual or quasi-contractual relationship between any broker, holder or other person and Hang Seng Indexes Company Limited and/or Hang Seng Data Services Limited and must not be construed to have created such relationship.

MSCI Taiwan Index: THIS FINANCIAL PRODUCT IS NOT SPONSORED, ENDORSED, SOLD OR PROMOTED BY MORGAN STANLEY CAPITAL INTERNATIONAL INC. ("MSCI"), ANY AFFILIATE OF MSCI OR ANY OTHER PARTY INVOLVED IN, OR RELATED TO, MAKING OR COMPILING ANY MSCI INDEX. THE MSCI INDEXES ARE THE EXCLUSIVE PROPERTY OF MSCI. MSCI AND THE MSCI INDEX NAMES ARE SERVICE MARK(S) OF MSCI OR ITS AFFILIATES AND HAVE BEEN LICENSED FOR USE FOR CERTAIN PURPOSES BY BARCLAYS BANK PLC (THE "LICENSEE"). NEITHER MSCI, ANY OF ITS AFFILIATES NOR ANY OTHER PARTY INVOLVED IN, OR RELATED TO, MAKING OR COMPILING ANY MSCI INDEX MAKES ANY REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, TO THE OWNERS OF THIS FINANCIAL PRODUCT OR ANY MEMBER OF THE PUBLIC REGARDING THE ADVISABILITY OF INVESTING IN FINANCIAL SECURITIES GENERALLY OR IN THIS FINANCIAL PRODUCT PARTICULARLY OR THE ABILITY OF ANY MSCI INDEX TO TRACK CORRESPONDING STOCK MARKET PERFORMANCE. MSCI OR ITS AFFILIATES ARE THE LICENSORS OF CERTAIN TRADEMARKS, SERVICE MARKS AND TRADE NAMES AND OF THE MSCI INDEXES WHICH ARE DETERMINED. COMPOSED AND CALCULATED BY MSCI WITHOUT REGARD TO THIS FINANCIAL PRODUCT OR THE ISSUER OR OWNER OF THIS FINANCIAL PRODUCT. NEITHER MSCI, ANY OF ITS AFFILIATES NOR ANY OTHER PARTY INVOLVED IN, OR RELATED TO, MAKING OR COMPILING ANY MSCI INDEX HAS ANY OBLIGATION TO TAKE THE NEEDS OF THE ISSUERS OR OWNERS OF THIS FINANCIAL PRODUCT INTO CONSIDERATION IN DETERMINING, COMPOSING OR CALCULATING THE MSCI INDEXES. NEITHER MSCI, ITS AFFILIATES NOR ANY OTHER PARTY INVOLVED IN, OR RELATED

TO, MAKING OR COMPILING ANY MSCI INDEX IS RESPONSIBLE FOR OR HAS PARTICIPATED IN THE DETERMINATION OF THE TIMING OF, PRICES AT, OR QUANTITIES OF THIS FINANCIAL PRODUCT TO BE ISSUED OR IN THE DETERMINATION OR CALCULATION OF THE EQUATION BY WHICH THIS FINANCIAL PRODUCT IS REDEEMABLE FOR CASH. NEITHER MSCI, ANY OF ITS AFFILIATES NOR ANY OTHER PARTY INVOLVED IN, OR RELATED TO, THE MAKING OR COMPILING ANY MSCI INDEX HAS ANY OBLIGATION OR LIABILITY TO THE OWNERS OF THIS FINANCIAL PRODUCT IN CONNECTION WITH THE ADMINISTRATION, MARKETING OR OFFERING OF THIS FINANCIAL PRODUCT.

ALTHOUGH MSCL SHALL OBTAIN INFORMATION FOR INCLUSION IN OR FOR USE IN THE CALCULATION OF THE MSCI INDEXES FROM SOURCES WHICH MSCI CONSIDERS RELIABLE, NEITHER MSCI, ANY OF ITS AFFILIATES NOR ANY OTHER PARTY INVOLVED IN, OR RELATED TO MAKING OR COMPILING ANY MSCI INDEX WARRANTS OR GUARANTEES THE ORIGINALITY, ACCURACY AND/OR THE COMPLETENESS OF ANY MSCI INDEX OR ANY DATA INCLUDED THEREIN. NEITHER MSCI, ANY OF ITS AFFILIATES NOR ANY OTHER PARTY INVOLVED IN, OR RELATED TO, MAKING OR COMPILING ANY MSCI INDEX MAKES ANY WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY LICENSEE, LICENSEE'S CUSTOMERS OR COUNTERPARTIES, ISSUERS OF THE FINANCIAL SECURITIES, OWNERS OF THE FINANCIAL SECURITIES, OR ANY OTHER PERSON OR ENTITY, FROM THE USE OF ANY MSCI INDEX OR ANY DATA INCLUDED THEREIN IN CONNECTION WITH THE RIGHTS LICENSED HEREUNDER OR FOR ANY OTHER USE. NEITHER MSCI, ANY OF ITS AFFILIATES NOR ANY OTHER PARTY INVOLVED IN. OR RELATED TO, MAKING OR COMPILING ANY MSCI INDEX SHALL HAVE ANY LIABILITY FOR ANY ERRORS, OMISSIONS OR INTERRUPTIONS OF OR IN CONNECTION WITH ANY MSCI INDEX OR ANY DATA INCLUDED THEREIN. FURTHER, NEITHER MSCI, ANY OF ITS AFFILIATES NOR ANY OTHER PARTY INVOLVED IN, OR RELATED TO, MAKING OR COMPILING ANY MSCI INDEX MAKES ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND, AND MSCI, ANY OF ITS AFFILIATES AND ANY OTHER PARTY INVOLVED IN, OR RELATED TO MAKING OR COMPILING ANY MSCI INDEX HEREBY EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, WITH RESPECT TO ANY MSCI INDEX AND ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL MSCI, ANY OF ITS AFFILIATES OR ANY OTHER PARTY INVOLVED IN, OR RELATED TO, MAKING OR COMPILING ANY MSCI INDEX HAVE ANY LIABILITY FOR ANY DIRECT, INDIRECT, SPECIAL, PUNITIVE, CONSEQUENTIAL OR ANY OTHER DAMAGES (INCLUDING LOST PROFITS) EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.

No purchaser, seller or holder of this security, or any other person or entity, should use or refer to any MSCI trade name, trademark or service mark to sponsor, endorse, market or promote this product without first contacting MSCI to determine whether MSCI's permission is required. Under no circumstances may any person or entity claim any affiliation with MSCI without the prior written permission of MSCI.