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 2013

Jun 5, 2013

5250_rns_2013-06-05_ad34b194-a5c0-4a32-86fd-8e439fdfb672.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

THESE FINAL TERMS ARE INTENDED FOR LISTING PURPOSES ONLY

Final Terms

BARCLAYS BANK PLC

(Incorporated with limited liability in England and Wales)

BARCLAYS CAPITAL (CAYMAN) LIMITED

(Incorporated with limited liability in the Cayman Islands)

GLOBAL STRUCTURED SECURITIES PROGRAMME

for the issue of Securities

BARCLAYS BANK PLC

GBP 10,000,000 Index Linked Notes due May 2019 (the "Notes")

Series NX000120849

under the Global Structured Securities Programme

Issue Price: 100 per cent. of par

This document constitutes the final terms of the Notes (the "Final Terms") described herein for the purposes of Article 5.4 of Directive 2003/71/EC (the "Prospectus Directive") and is prepared in connection with the Global Structured Securities Programme established by Barclays Bank PLC (the "Bank") and Barclays Capital (Cayman) Limited ("BCCL") and is supplemental to and should be read in conjunction with the Base Prospectus dated 14 June 2012, as supplemented and amended from time to time, which constitutes a base prospectus (the "Base Prospectus") for the purpose of the Prospectus Directive. Full information on the Issuer and the offer of the Securities is only available on the basis of the combination of these Final Terms and the Base Prospectus. The Base Prospectus is available for viewing during normal business hours at the registered office of the Issuer and the specified office of the Issue and Paying Agent for the time being in London, and copies may be obtained from such office. Words and expressions defined in the Base Prospectus and not defined in this document shall bear the same meanings when used herein.

The Issuer accepts responsibility for the information contained in these Final Terms. To the best of its knowledge and belief (having taken all reasonable care to ensure that such is the case), the information contained in these Final Terms is in accordance with the facts and does not contain anything likely to affect the import of such information.

Investors should refer to the sections headed "Risk Factors" in the Base Prospectus for a discussion of certain matters that should be considered when making a decision to invest in the Securities.

Barclays

Final Terms dated 31 May 2013 (amended for listing purposes only) The distribution of this document and the offer of the Securities in certain jurisdictions may be restricted by law. Persons into whose possession these Final Terms 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 "Purchase 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. Trading in the Securities has not been approved by the US Commodity Futures Trading Commission under the US Commodity Exchange Act of 1936, as amended. Subject to certain exceptions, the Securities may not at any time be offered, sold or delivered in the United States or to US persons, nor may any US persons at any time trade or maintain a position in such Securities.

Index disclaimers:

FTSE 100 Index

The Securities are not in any way sponsored, endorsed, sold or promoted by FTSE International Limited ("FTSE") or by the London Stock Exchange Plc (the "Exchange") or by The Financial Times Limited ("FT") and neither FTSE nor Exchange nor FT makes any warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the FTSE 100 Index (the "FTSE 100 Index") and/or the figure at which the FTSE 100 Index stands at any particular time on any particular day or otherwise. The FTSE 100 Index is compiled and calculated by FTSE. However, neither FTSE nor Exchange nor FT shall be liable (whether in negligence or otherwise) to any person for any error in the FTSE 100 Index and neither FTSE or Exchange or FT shall be under any obligation to advise any person of any error therein.

FTSE®", "FT-SE®" and "Footsie®" are trade marks of the Exchange and FT and are used by FTSE under licence. "All-World", "All-Share" and "All-Small" are trade marks of FTSE.

Euro Stoxx 50 Index

STOXX and its licensors (the "Licensors") have no relationship to the Licensee, other than the licensing of the Euro Stoxx 50® (the "Euro Stoxx 50 Index") and the related trademarks for use in connection with the Securities.

STOXX and its Licensors do not:

  • Sponsor, endorse, sell or promote the Securities.
  • Recommend that any person invest in the Securities or any other securities.
  • Have any responsibility or liability for or make any decisions about the timing, amount or pricing of Securities.
  • Have any responsibility or liability for the administration, management or marketing of the Securities.
  • Consider the needs of the Securities or the owners of the Securities in determining, composing or calculating the Euro Stoxx 50 Index or have any obligation to do so.

STOXX and its Licensors will not have any liability in connection with the Securities. Specifically,

STOXX and its Licensors do not make any warranty, express or implied and disclaim any and all warranty about:

  • The results to be obtained by the Securities, the owner of the Securities or any other person in connection with the use of the Index and the data included in the Euro Stoxx 50 Index;
  • The accuracy or completeness of the Euro Stoxx 50 Index and its data;
  • The merchantability and the fitness for a particular purpose or use of the Euro Stoxx 50 Index and its data;
  • STOXX and its Licensors will have no liability for any errors, omissions or interruptions in the Euro Stoxx 50 Index or its data;
  • Under no circumstances will STOXX or its Licensors be liable for any lost profits or indirect, punitive, special or consequential damages or losses, even if STOXX or its Licensors knows that they might occur.

The licensing agreement between the Issuer and STOXX is solely for their benefit and not for the benefit of the owners of the Securities or any other third parties.

Part A Terms and Conditions of the Securities

The Securities shall have the following terms and conditions, which shall complete, modify and/or amend the Base Conditions and/or any applicable Relevant Annex(es) set out in the Base Prospectus dated 14 June 2012.

Issuer: Barclays Bank PLC
Guarantor: N/A
Manager: Barclays Bank PLC
Determination Agent: Barclays Bank PLC
Issue and Paying Agent: The Bank of New York Mellon
Stabilising Manager: N/A
Registrar: N/A
Italian Securities Agent: N/A
CREST Agent: N/A
Paying Agents: N/A
Transfer Agent: N/A
Exchange Agent: N/A
Additional Agents: N/A

THE SECURITIES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE US SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"). SUBJECT TO CERTAIN EXCEPTIONS, THE SECURITIES MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, US PERSONS (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT ("REGULATION S")). THESE FINAL TERMS HAVE BEEN PREPARED BY THE ISSUER FOR USE IN CONNECTION WITH THE OFFER AND SALE OF THE SECURITIES OUTSIDE THE UNITED STATES TO NON-US PERSONS IN RELIANCE ON REGULATION S AND FOR LISTING OF THE SECURITIES ON THE RELEVANT STOCK EXCHANGE, IF ANY, AS STATED HEREIN. FOR A DESCRIPTION OF THESE AND CERTAIN FURTHER RESTRICTIONS ON OFFERS AND SALES OF THE SECURITIES AND DISTRIBUTION OF THESE FINAL TERMS AND THE BASE PROSPECTUS, SEE "PURCHASE AND SALE" IN THE BASE PROSPECTUS.

1 (i) Series: NX000120849
(ii) Tranche: 1
2 Currency: Pound Sterling ("GBP")
3 Notes:
(i) Aggregate Nominal Amount as
at the Issue Date:
GBP 10,000,000
(ii) Specified Denomination: GBP 1.00
(iii) Minimum Tradable Amount: N/A
(iv)
Calculation Amount as at the
Specified Denomination
Issue Date: For the purposes hereof, all references in the
Conditions
to
"Calculation
Amount
per
Security" shall be construed as references to
"Calculation Amount" as defined in these Final
Terms.
(v) Provisions relating to
redenomination:
N/A
4 Certificates: N/A
5 Form:
(i) Global/Definitive/Uncertificated
and dematerialised:
Global Bearer Securities:
Permanent Global Security
(ii) NGN Form: Applicable
(iii) Held under the NSS: N/A
(iv) CGN Form: N/A
(v) CDIs: N/A
6 Trade Date: 20 March 2013
7 Issue Date: 17 May 2013
8 Redemption Date: 10 May 2019
9 Issue Price: 100
per
cent.
of
the
Aggregate
Nominal
Amount
10 Relevant Stock Exchange: London Stock Exchange
11 The following Relevant Annex(es) shall
apply to the Securities:
Equity Linked Annex
12 Interest: Applicable
13 Interest Amount: (i) If the Valuation Level
of each Basket
Constituent on the relevant Interest Valuation
Date is equal to or greater than its respective
Interest Barrier, the Interest Amount payable on

the corresponding Interest Payment Date will be calculated as follows:

1.625% x Calculation Amount

(ii) Otherwise, zero.

Where:

"Interest Barrier" means, in respect of each Basket Constituent, 60 per cent. of the Initial Level

"Interest Valuation Date" means as set out in Schedule 2.

"Valuation Level" means, in respect of a Basket Constituent, the level of that Basket Constituent at the Valuation Time on any Scheduled Trading Day, as determined by the Determination Agent.

14 Interest Rate: N/A
15 Screen Rate Determination: N/A
16 ISDA Determination: N/A
17 Margin: N/A
18 Minimum/Maximum Interest Rate: N/A
19 Interest Commencement Date: N/A
20 Interest Determination Date: N/A

21 Interest Calculation Periods: N/A

22 Interest Payment Dates: As set out in Schedule 2, subject to adjustment in accordance with the Business Day Convention

  • 23 Day Count Fraction: N/A
  • 24 Fall back provisions, rounding provisions, denominator and any other terms relating to the method of calculating interest, if different from those set out in the Base Conditions:

N/A

25 Settlement Method: For the purposes of Condition 5.1 of the Base Conditions:

Cash Settlement

26 Settlement Currency: GBP

27 Settlement Number: As defined in Condition 24 of the Base Conditions

28 Terms relating to Cash Settled

Securities:

(i) Final Cash Settlement Amount: (a) If, in respect of the Worst Performing Basket Constituent, the Valuation Level on the Final Valuation Date is equal to or greater than its Barrier Level, the Final Cash Settlement Amount will be an amount equal to the Calculation Amount; or

(b) If, in respect of the Worst Performing Basket Constituent, the Valuation Level on the Final Valuation Date is less than its Barrier Level, the Final Cash Settlement Amount will be an amount equal to the Calculation Amount multiplied by the Valuation Level of the Worst Performing Basket Constituent on the Final Valuation Date and divided by the Strike Level of the Worst Performing Basket Constituent.

Where:

"Barrier Level" means, in respect of a Basket Constituent, as set out in Schedule 1.

"Final Valuation Date" means 3 May 2019.

"Initial Level" means, in respect of a Basket Constituent, the Valuation Level on the Initial Valuation Date, as set out in Schedule 1.

"Initial Valuation Date" means 3 May 2013.

"Strike Level" means, in respect of a Basket Constituent, as set out in Schedule 1.

"V(i)Final" means the Valuation Level of the relevant Basket Constituent on the Final Valuation Date.

"V(i)Initial" means the Initial Level of the relevant Basket Constituent.

"Worst Performing Basket Constituent" means the Basket Constituent with the lowest performance calculated as follows:

$$
\frac{V_{(i)Final}}{V_{(i)Initial}}
$$

Provided that where more than one Basket Constituent has the same lowest performance, the Determination Agent shall in its sole discretion select which of the Basket Constituents with the same lowest performance

shall
be
the
Worst
Performing
Basket
Constituent.
(ii) Early Cash Settlement Amount: As
defined
in
Condition
24
of
the
Conditions
Base
(iii) Early Cash Redemption Date: As
defined
in
Condition
24
of
the
Conditions
Base
29 Securities: Terms relating to Physically Delivered N/A
30 Nominal Call Event: N/A
31 Call Option: N/A
32 Put Option: N/A
33 Specified Early Redemption Event: N/A
34 Maximum and Minimum Redemption
Requirements:
N/A
35 Additional Disruption
Events
in
addition to those specified in Condition
24 of the Base Conditions and any
applicable Relevant Annex:
N/A
36 Share Linked Securities: N/A
37 Index Linked Securities: Applicable
(i) Index/Indices (each a
"Reference Asset"):
A basket comprised of 2 equity indices (each a
"Basket Constituent") as set out in Schedule 1.
Any Basket Constituent
stated as being an
"Index" in Schedule
1 represents a notional
investment in such index with a notional
investment size of 1 Reference Asset Currency
per index point.
(ii) Future Price Valuation: N/A
(iii) Exchange-traded Contract: N/A
(iv) Exchanges: In respect of each Basket Constituent, as set out
in Schedule 1
(v) Related Exchanges: In respect of each Basket Constituent, All
Exchanges
(vi) Exchange Rate: N/A
(vii) Weighting for each Reference
Asset comprising the Basket of
Reference Assets:
N/A
(viii) Index Level of each Reference Valuation Level

Asset:

(ix) Valuation Date: The
Initial
Valuation
Date,
each
Interest
Valuation Date and the Final Valuation Date
(x) Valuation Time: As per the Equity Linked Annex
(xi)
Averaging:
N/A
(xii) Additional Disruption Event in
respect
of
Index
Linked
Securities:
N/A
(xiii) FX Disruption Event: N/A
(xiv) FX
Inbound
Valuation
Disruption Event:
N/A
(xv) ODI Early Redemption Event: N/A
(xvi) FINI Early Redemption Event: N/A
(xvii) Local Jurisdiction Taxes and
Expenses:
N/A
(xviii) Other adjustments: N/A
38 Inflation Linked Securities: N/A
39 FX Linked Securities: N/A
40 Credit Linked Securities: N/A
41 Commodity Linked Securities: N/A
42 Index Annex): (a) Barclays Commodity Index Linked
Securities (Section 2 of the Barclays
N/A
(b)
Barclays
Equity
Index
Linked
Securities (Section 3 of the Barclays
Index Annex):
N/A
(c) Barclays FX Index Linked Securities
(Section 4 of the Barclays Index Annex):
N/A
(d) Barclays Interest Rate Index Linked
Securities (Section 5 of the Barclays
Index Annex):
N/A
(e) Barclays Emerging Market Index
Linked Securities (Section 6
of the
Barclays Index Annex):
N/A
43 Bond Linked Securities: N/A
44 Fund Linked Securities: N/A
45 Settlement in respect of VP Notes, APK
Registered Securities, Dutch Securities,
N/A
Swedish
Registered
Securities,
VPS
Registered
Securities
or
Spanish
Securities:
46 Additional provisions relating to Taxes
and Settlement Expenses:
N/A
47 Business Day: As
defined
in
Condition
24
of
the
Base
Conditions
48 Additional Business Centre(s): TARGET
49 Non-US Selling Restrictions: As described in the Base Prospectus
50 Applicable TEFRA exemption: N/A
51 Business Day Convention: Modified Following
52 Relevant Clearing Systems: Euroclear
Clearstream
53 If syndicated, names of Managers: N/A
54 (a)
Details relating to Partly Paid
Securities:
N/A
(a)
Details relating to Instalment
Notes:
N/A
55 Relevant securities codes: ISIN: XS0889105754
Common Code: 088910575
56 Modifications to the Master
Subscription Agreement and/or
Agency Agreement:
N/A
57 Additional Conditions and/or
modification to the Conditions of the
Securities:
N/A

Part B Other Information

1 Listing and Admission to Trading
(i) Listing: London
(ii) Admission to trading: Application has been made by the Issuer (or on its
behalf ) for the Securities to be admitted to trading
on the London Stock Exchange's Regulated Market
with effect from the Issue Date
(iii) Estimate of total expenses related to
admission to trading:
N/A
2 Ratings
Ratings: The Securities have not been individually rated.
3 Notification
N/A

4 Interests of Natural and Legal Persons involved in the Issue

Save as discussed in "Purchase and Sale", so far as the Issuer is aware, no person involved in the offer of the Securities has an interest material to the offer.

5 Reasons for the Offer, Estimated Net Proceeds and Total Expenses

(i) Reasons for the offer: General funding
(ii) Estimated net proceeds: N/A
(iii) Estimated total expenses: N/A

6 Fixed Rate Securities Only – Yield

N/A

7 Floating Rate Securities Only – Historic Interest Rates

N/A

8 Performance of Reference Asset(s) or Other Variable, Explanation of Effect on Value of Investment and Associated Risks and Other Information Concerning the Reference Asset(s) and/or Other Underlying

Information on past performance and volatility of each Index can be obtained from Bloomberg.

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

The Issuer does not intend to provide post-issuance information.

9 Performance of Rate of Exchange and Explanation of Effect on Value of Investment

N/A

10 Operational Information

Any clearing system(s) other than Euroclear Bank S.A./N.V. and Clearstream Banking, société anonyme (together with their addresses) and the relevant identification number(s): N/A

Delivery: Delivery free of payment

N/A

Yes

Names and addresses of additional Paying Agents(s) (if any):

Intended to be held in a manner which would allow Eurosystem eligibility:

Note that the designation "yes" simply means that the Securities are intended upon issue to be deposited with one of the International Central Securities Depositaries ("ICSDs") as common safekeeper and does not necessarily mean that the Securities will be recognised as eligible collateral for Eurosystem monetary policy and intra-day credit operations by the Eurosystem, either upon issue or at any or all times during their life. Such recognition will depend upon the ECB being satisfied that Eurosystem eligibility criteria have been met.

11 Offer Information

Offer Price: Issue Price
A fee of 2.00 per cent. of the Issue Price has been
paid to Meteor Asset Management and relates solely
to the initial design, arrangement, and manufacture
and custody of the Securities by the Distributor. The
Distributor will charge the purchaser separately for
any advice they provide. Such fee shall not be
transferred or passed on to any other party.
Conditions to which the offer is subject: The Issuer reserves the right to withdraw the offer for
Securities at any time on or prior to the end of the

Offer Period (as defined below).

Following withdrawal of the offer, if any application has been made by any potential investor, each such potential investor shall not be entitled to subscribe or otherwise acquire the Securities and any applications will be automatically cancelled and any purchase money will be refunded to the applicant by the Distributor in accordance with the Distributor's usual procedures. Description of the application process: An offer of the Securities may be made by the Manager or the Distributor other than pursuant to Article 3(2) of the Prospectus Directive in the United Kingdom (the "Public Offer Jurisdiction") from and including 27 March 2013 to and including 3 May 2013 (the "Offer Period"). Applications for the Securities can be made in the Public Offer Jurisdiction through the Distributor during the Offer Period. The Securities will be placed into the Public Offer Jurisdiction by the Distributor. Distribution will be in accordance with the

by the Distributor.

Details of the minimum and/or maximum amount of application:

Description of possibility to reduce subscriptions and manner for refunding excess amount paid by applicants:

Details of method and time limits for paying up and delivering the Securities:

Manner in and date on which results of the offer are to be made public:

Procedure for exercise of any right of preemption, negotiability of subscription rights and treatment of subscription rights not exercised:

Categories of prospective investors to which the Securities are offered and whether tranche(s) have been reserved for certain The minimum and maximum amount of application from the Distributor will be notified to investors by the Distributor.

Distributor's usual procedures, notified to investors

Subscription orders may be reduced in case of oversubscription, excess amount of funds paid being reduced without delay with no entitlement for compensation.

Investors will be notified by the Distributor of their allocations of Securities and the settlement arrangements in respect thereof.

N/A

N/A

Offers may be made by the Manager or the Distributor in the Public Offer Jurisdiction to any person. Offers (if any) in other EEA countries will only be made by the Manager or the Distributor

countries: pursuant to an exemption from the obligation under
the Prospectus Directive as implemented in such
countries to publish a prospectus.
Process for notification to applicants of the
amount
allotted
and
indication
whether
dealing may begin before notification is
made:
Each investor will be notified by the Distributor of its
allocation of Securities at the time of such investor's
application.
No dealings in the Securities may take place prior to
the Issue Date.
Amount
of
any
expenses
and
taxes
specifically charged to the subscriber or
purchaser:
N/A
Name(s)
and
address(es),
to
the
extent
known to the Issuer, of the placers in the
various countries where the offer takes place:
Meteor Asset Management Limited (the
"Distributor")
55 King William Street
London EC4R 9AD

United Kingdom

Schedule 1

Index Type Bloomberg Index Exchange Reference Initial Strike Barrier
Code (for Sponsor Asset Level Level Level (60%
identification Currency (100% of of the
purposes only) the Initial Initial
Level Level
displayed displayed
to 4 d.p.) to 4 d.p.)
FTSE 100 Index UKX FTSE London GBP 6,521.46 6,521.4600 3,912.8760
INDEX International Stock
Limited Exchange
EURO Index SX5E Stoxx Ltd Multi EUR 2,763.68 2,763.6800 1,658.2080
STOXX 50 exchange
INDEX Index

Schedule 2

Interest Valuation Dates / Interest Payment Dates

N Interest Valuation Date Interest Payment Date
1 5 August 2013 12 August 2013
2 4 November 2013 11 November 2013
3 3 February 2014 10 February 2014
4 6 May 2014 12 May 2014
5 4 August 2014 11 August 2014
6 3 November 2014 10 November 2014
7 3 February 2015 10 February 2015
8 5 May 2015 11 May 2015
9 3 August 2015 10 August 2015
10 3 November 2015 10 November 2015
11 3 February 2016 10 February 2016
12 3 May 2016 10 May 2016
13 3 August 2016 10 August 2016
14 3 November 2016 10 November 2016
15 3 February 2017 10 February 2017
16 3 May 2017 10 May 2017
17 3 August 2017 10 August 2017
18 3 November 2017 10 November 2017
19 5 February 2018 12 February 2018
20 3 May 2018 10 May 2018
21 3 August 2018 10 August 2018
22 5 November 2018 12 November 2018
23 4 February 2019 11 February 2019
24 Final Valuation Date Redemption Date

V2