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Barclays PLC Capital/Financing Update 2016

May 17, 2016

5250_rns_2016-05-17_d522ba60-02e1-445b-a9c3-5150af72bdb1.pdf

Capital/Financing Update

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BARCLAYS BANK PLC

(Incorporated with limited liability in England and Wales)

GBP 2,000,000 Securities due December 2020 under the Global Structured Securities Programme (the Tranche 4 Securities) (to be consolidated and to form a single series with the GBP1,500,000 Securities due December 2020 and issued on 27 February 2015, the GBP 1,000,000 Securities due December 2020 and issued on 31 December 2014 and the GBP 2,000,000 Securities due December 2020 and issued on 1 December 2014 under the Global Structured Securities Programme (the Tranche 3 Securities, Tranche 2 Securities and the Tranche 1 Securities) Issue Price: 100 per cent

This document constitutes the final terms of the Securities (the "Final Terms") described herein for the purposes of Article 5.4 of the Prospectus Directive and is prepared in connection with the Global Structured Securities Programme established by Barclays Bank PLC (the "Issuer"). This Final Terms are supplemental to and should be read in conjunction with the GSSP Base Prospectus 2 dated 5 June 2015, as supplemented on 25 November 2015 and 11 May 2016 which constitutes a base prospectus (the "Base Prospectus" for the purposes of the Prospectus Directive), save in respect of the Terms and Conditions of the Securities which are extracted from the 2014 GSSP Base Prospectus 2 dated 6 June 2014 (the "2014 GSSP Base Prospectus 2") and which are incorporated by reference into the Base Prospectus. Full information on the Issuer and the offer of the Securities is only available on the basis of the combination of this Final Terms and the Base Prospectus, save in respect of the Terms and Conditions of the Securities which are extracted from the 2014 GSSP Base Prospectus 2. A summary of the individual issue of the Securities is annexed to these Final Terms.

The Base Prospectus, any supplements to the Base Prospectus and the 2014 GSSP Base Prospectus 2 are available for viewing at http://irreports.barclays.com/prospectuses-anddocumentation/structured-securities/prospectuses and 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 2014 GSSP Base Prospectus 2 and not defined in the Final Terms shall bear the same meanings when used herein.

BARCLAYS

Final Terms dated 17 May 2016

PART A – CONTRACTUAL TERMS

1. (a)
Series number:
NX000161893
(b) Tranche number: 4
2. Settlement Currency: GBP
3. Securities: Notes
4. Notes: Applicable
(a) Aggregate Nominal Amount as at
the Issue Date:
(i)
Tranche:
GBP 2,000,000
(ii)
Series:
GBP 6,500,000
(b) Specified Denomination: GBP 1.00
(c) Minimum Tradable Amount: Not Applicable
5. Certificates: Not Applicable
6. Calculation Amount: Specified Denomination
7. Issue Price: 100
per cent. of the Aggregate Nominal
Amount
8. Issue Date: 17 May 2016
9. Scheduled Redemption Date: 1 December 2020
10. Underlying Performance Type: Worst-of
Provisions relating to interest (if any) payable
11. Interest Type: Phoenix without
Memory
12. (a) Fixed Interest Type: Fixed Amount
(b) Fixed Interest Rate: 7.45
per cent.
(c) ISDA Determination: Not Applicable
(d) Screen Rate Determination: Not Applicable
(e) Bank of England Base Rate
Determination:
Not Applicable
(f) Margin: Not Applicable
(g) Minimum/Maximum Interest Rate: Not Applicable
(h) Fixed
Interest
Determination
Date(s):
Not Applicable
(i) Floating
Interest
Determination
Date(s):
Not Applicable
(j) Interest Valuation Date(s): The dates set out in Table 1 below in the
column entitled 'Interest Valuation Date'.
(k) Interest Payment Date(s): The dates set out in Table 1 below in the
column entitled 'Interest Payment Date'.
Interest Valuation Date: Interest Payment Date:
Table 1
(v) Linear Interpolation: Not Applicable
(u) Interest Commencement Date: Not Applicable
(t) Interest Period End Dates: Not Applicable
(s) Day Count Fraction: Not Applicable
(r) Knock-out Barrier Percentage: Not Applicable
(q) Upper Barrier Percentage: Not Applicable
(p) Upper Barrier: Not Applicable
(o) Lower Barrier Percentage: Not Applicable
(n) Interest Barrier Percentage: 65 per cent.
(m) Observation Date(s): Not Applicable
(l) T: Not Applicable
24 November 2015 1 December 2015
24 November 2016 1 December 2016
24 November 2017 1 December 2017
26 November 2018 3 December 2018
25 November 2019 2 December 2019
24 November 2020 1 December 2020

Provisions relating to Automatic Redemption (Autocall)

13. Automatic Redemption (Autocall): Applicable
14. (a) Autocall Barrier Percentage: 100 per cent.
(b) Autocall Valuation Date(s): Each date set out in Table 2
below in the
column entitled 'Autocall Valuation Date'.
(c) Autocall Redemption Date(s): Each date set out in Table 2 below in the
column entitled 'Autocall Redemption Date'.
Table 2
Autocall Valuation Date:
24 November 2017
Autocall Redemption Date:
1 December 2017
26 November 2018 3 December 2018
25 November 2019 2 December 2019

Provisions relating to Final Redemption

European Barrier
Not Applicable
Not Applicable
(e) Strike Price Percentage: 100
per cent.
(f) Knock-in Barrier Percentage: 60 per cent.
(g) Knock-in Barrier Period Start Date: Not Applicable
(h) Knock-in Barrier Period End Date: Not Applicable
(i) Lower Strike Price Percentage: Not Applicable
(j) Participation: Not Applicable
(k) Cap: Not Applicable
Provisions relating to Nominal Call Event
16. Nominal Call Event: Not Applicable
(a) Nominal Call Threshold
Percentage:
Not Applicable
Provisions relating to the Underlying Asset(s)
17. Underlying Assets:
(a) Share: Not Applicable
(b) Indices: The Indices set out in Table 3 below
in the
column entitled 'Index'.
(i) Exchanges: The Exchanges set out Table 3 below in the
column entitled 'Exchange'.
(ii) Related Exchanges: All Exchanges
(iii) Underlying Asset Currencies: Not Applicable
(iv) Bloomberg Screen: Screen'. The Bloomberg Screens set out in Table 3
below in the column entitled 'Bloomberg
(v) Reuters Screen: The Reuters Screens set out in Table 3 below
in the column entitled
'Reuters Screen'
(vi) Index Sponsors: The Index Sponsors set out in Table 3 below
in the column entitled 'Index Sponsor'.
Table 3
Index: Exchange: Reuters Screen: Bloomberg
Screen:
Index Sponsor:
FTSE 100 Index London Stock
Exchange
.FTSE UKX FTSE
International
Limited
EUROSTOXX 50
Index
Multi-exchange
Index
.STOXX50E SX5E STOXX Limited
  1. Initial Price: The Valuation Price of the Underlying Assets on the Initial Valuation Date

(a) Averaging-in: Not Applicable

(b) Min Lookback-in: Not Applicable
(c) Max Lookback-in: Not Applicable
(d)
Initial Valuation Date:
24 November 2014
19. Final Valuation Price: The Valuation Price of the Underlying Assets
on the Final Valuation Date
(a) Averaging-out: Not Applicable
(b) Min Lookback-out: Not Applicable
(c) Max Lookback-out: Not Applicable
(d) Final Valuation Date: 24 November 2020
Provisions relating to disruption events and taxes and expenses
20. Consequences of a Disrupted Day
(in respect of an Averaging Date or
Lookback Date):
Not Applicable
21. Additional Disruption Event:
(a) Change in Law: Applicable
(b) Currency Disruption Event: Applicable
(c) Hedging Disruption: Not Applicable
(d) Issuer Tax Event: Applicable
(e) Extraordinary Market Disruption: Applicable
(f) Increased Cost of Hedging: Not Applicable
(g) Affected Jurisdiction Hedging
Disruption:
Not Applicable
(h) Affected Jurisdiction Increased
Cost of Hedging:
Not Applicable
(i) Increased Cost of Stock Borrow: Not Applicable
(j) Loss of Stock Borrow: Not Applicable
(k) Foreign Ownership Event: Not Applicable
(l) Fund Disruption Event: Not Applicable
22. Early Cash Settlement Amount: Market Value
23. Early Redemption Notice Period
Number:
As
set
out
in
General
Condition
33.1
(Definitions)
24. Unwind Costs: Not Applicable
25. Settlement Expenses: Not Applicable
26. FX Disruption Event: Not Applicable
27. Local
Jurisdiction
Taxes
and
Expenses:
Not Applicable

General provisions

28. Form of Securities:
Global Bearer Securities: Permanent Global
Security
NGN Form: Applicable
Held under the NSS: Not Applicable
CGN Form: Not Applicable
CDIs: Not Applicable
29. Trade Date: 10 May 2016
30. Additional Business Centre(s): Not Applicable
31. Business Day Convention: Following
32. Determination Agent: Barclays Bank PLC
33. Registrar: Not Applicable
34. CREST Agent: Computershare Investor Services PLC
35. Transfer Agent: Not Applicable
36. (a) Name of Manager: Barclays Bank PLC
(b) Date of underwriting agreement: Not Applicable
(c) Names
and
addresses
of
secondary trading intermediaries
and main terms of commitment:
Not Applicable
37. Registration Agent: Not Applicable
38. Masse
Category:
Not Applicable
39. Governing Law: English law

PART B OTHER INFORMATION

1. LISTING AND ADMISSION TO TRADING

(a) Listing and Admission to Trading: Application is expected to be made by the Issuer (or on its behalf) for the Securities to be listed on the official list and admitted to trading on the regulated market of the London Stock Exchange with effect from the Issue Date.

(b) Estimate of total expenses related to admission to trading: Not Applicable

2. RATINGS

Ratings: The Securities have not been individually rated.

3. INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE

Save for any fees payable to the Manager and save as discussed in risk factor 13 (Risks associated with conflicts of interest), so far as the Issuer is aware, no person involved in the offer of the Securities has an interest material to the issue.

4. REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES

(a) Reasons for the offer: Not Applicable

5. PERFORMANCE OF UNDERLYING ASSETS, AND OTHER INFORMATION CONCERNING THE UNDERLYING ASSETS

Bloomberg Screen SX5E and UKX

Reuters Screen .STOXX50E and .FTSE Page

http://www.stoxx.com and http://www.ftse.com

Index Disclaimers: FTSE® 100 Index and EURO STOXX 50® Index

6. OPERATIONAL INFORMATION

(a) ISIN: XS1113696071
(b) Common Code: 111369607
(c) Relevant Clearing System(s): Euroclear
Clearstream
(d) Delivery: Delivery free of payment.

(e) Name and address of additional Paying Agent(s): Not Applicable

7. TERMS AND CONDITIONS OF THE OFFER

Authorised Offeror(s)

(a) Public Offer: An offer of the Securities may be made, subject to the conditions set out below by the Authorised (b) Name(s) and address(es), to the extent known to the Issuer, of the placers in the various countries where the offer takes place (together the "Authorised Offeror(s)":

  • (c) Jurisdiction(s) where the offer may take place (together, the "Public Offer Jurisdictions(s):
  • (d) Offer period for which use of the Base Prospectus is authorised by the Authorised Offeror(s):
  • (e) Other conditions for use of the Base Prospectus by the Authorised Offeror(s):

1.2 Other terms and conditions of the offer

(a) Offer Price: The Issue Price (b) Total amount of offer: GBP 2,000,000 (c) Conditions to which the offer is subject: The Issuer reserves the right to withdraw the offer for the Securities at any time on or prior to the end of the Offer Period. 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 Authorised Offeror in accordance with the

Offeror(s) (specified in (b) immediately below) other than pursuant to Article 3(2) of the Prospectus Directive in the Public Offer Jurisdiction(s) (specified in (c) immediately below) during the Offer Period (specified in (d) immediately below) subject to the conditions set forth in the Base Prospectus and in (e) immediately below

Each financial intermediary specified in (i) and (ii) below:

  • (i) Specific consent: Not Applicable
  • (ii) General consent: Applicable: each financial intermediary which (a) is authorised to make such offers under Directive 2004/39/EC of the European Parliament and of the Council on markets in financial instruments, including under any applicable implementing measure in each relevant jurisdiction and (b) accepts such offer by publishing on its website the Acceptance Statement.
  • United Kingdom

The Securities will be publicly offered through the Authorised Offeror on 17 May 2016 from open to close of business hours (the "Offer Period").

Not Applicable

Authorised Offeror's usual procedures.

  • (d) Time period, including any possible amendments, during which the offer will be open and description of the application process: The Securities will be publicly offered through the Authorised Offeror, during the hours in which banks are generally open for business in Milan, Italy during the Offer Period (as defined above).
  • (e) Description of the application process: An offer of the Securities may be made by the Manager or the Authorised Offeror other than pursuant to Article 3(2) of the Prospectus Directive as implemented in the United Kindgom (the "Public

Applications for the Securities can be made in the Public Offer Jurisdiction through the Authorised Offeror during the Offer Period. The Securities will be placed into the Public Offer Jurisdiction by the Authorised Offeror. Distribution will be in accordance with the Authorised Offeror's usual procedures, notified to investors by the Authorised Offeror.

Offer Jurisdiction") during the Offer Period.

(f) Details of the minimum and/or maximum amount of application: There are no pre-identified allotment criteria. The Authorised Offeror will adopt allotment criteria that ensure equal treatment of prospective investors. All of the Securities requested through the Authorised Offeror will be assigned up to the maximum amount of the offer.

Not Applicable

The maximum amount of application of Securities will be subject only to availability at the time of the application.

In the event that during the Offer Period the requests exceed the total amount of the offer destined to prospective investors the Issuer, in accordance with the Authorised Offeror, will proceed to early terminate the Offer Period and will immediately suspend the acceptance of further requests

  • (g) Description of possibility to reduce subscriptions and manner for refunding excess amount paid by applicants:
  • (h) Details of method and time limits for paying up and delivering the Securities:

The Securities will be issued on the Issue Date against payment of the net subscription moneys to the Issuer via the Authorised Offeror. Each investor will be notified by the relevant Authorised Offeror of the settlement arrangements in respect of the Securities at the time of such investor's application.

  • (i) Manner in and date on which results of the offer are to be made public:
  • (j) Procedure for exercise of any right of pre-emption, negotiability of subscription rights and treatment of subscription rights not exercised:
  • (k) Whether tranche(s) have been reserved for certain countries:

The Authorised Offeror will make the results of the offer available to the public upon request at the Authorised Offeror's offices.

Not Applicable

Offers may be made through the Authorised Offeror in the Public Offer Jurisdiction to any person. Offers (if any) in other EEA countries will only be made through the Authorised Offeror pursuant to an exemption from the obligation under the Prospectus Directive as implemented in such countries to publish a prospectus.

  • (l) Process for notification to applicants of the amount allotted and indication whether dealing may begin before notification is made:
  • (m) Amount of any expenses and taxes specifically charged to the subscriber or purchaser:
  • (n) Name(s) and address(es), to the extent known to the Issuer, of the placers in the various countries where the offer takes place:

Applicants will be notified directly by the Authorised Offeror of the success of their application. No dealings in the Securities may take place prior to the Issue Date.

Prior to making any investment decision, investors should seek independent professional advice as they deem necessary.

Not Applicable

ISSUE SPECIFIC SUMMARY

Section A –
Introduction and Warnings
A.1 Introduction
and Warnings
This Summary should be read as an introduction to the Base Prospectus. Any
decision to invest in Securities should be based on consideration of the Base
Prospectus as a whole, including any information incorporated by reference,
and read together with the Final Terms.
Where a claim relating to the information contained in the Base Prospectus is
brought before a court, the plaintiff might, under the national legislation of the
relevant Member State of the European Economic Area, have to bear the costs
of translating the Base Prospectus before the legal proceedings are initiated.
No civil liability shall attach to any responsible person solely on the basis of this
Summary, including any translation thereof, unless it is misleading, inaccurate
or inconsistent when read together with the other parts of the Base
Prospectus
or it does not provide, when read together with the other parts of the Base
Prospectus, key information in order to aid holders when considering whether
to invest in the Securities.
A.2 Consent by the
Issuer to the use
of prospectus in
subsequent
resale or final
placement of
Securities,
indication of
offer period and
conditions to
consent for
subsequent
resale or final
placement, and
warning.
The Issuer may provide the consent to the use of the Base Prospectus and Final
Terms for subsequent resale or final placement of Securities by financial
intermediaries, provided that the subsequent resale or final placement of
Securities by such financial intermediaries is made during the offer period
specified below. Such consent may be subject to conditions which are relevant
for the use of the Base Prospectus.
The Issuer consents to the use of the Base Prospectus and these Final Terms
with respect to the subsequent resale or final placement of Securities (a "Public
Offer") which satisfies all of the following conditions:
(a)
the Public Offer is only made in the United Kingdom;
(b)
the Public Offer is only made on 17 May 2016
from open to close of
business hours (the "Offer Period"); and
(c)
the Public Offer is only made by any financial intermediary which
(i) is
authorised to make such offers under the Markets in Financial
Instruments Directive (Directive 2004/39/EC) and (ii) has published on
its website that it is using the Base Prospectus in accordance with the
Issuer's
consent and
the
conditions
attached
thereto
(each,
an
"Authorised Offeror").
Section B –
Issuer
B.1 Legal and
commercial
name of the
Issuer
The Securities are issued by Barclays Bank PLC (the "Issuer").
B.2 Domicile and
legal form of
the Issuer,
The Issuer is a public limited company registered in England and Wales.
The principal laws and legislation under which the Issuer operates are laws of
England and Wales including the Companies Act.
legislation
under which the
Issuer operates
and country of
incorporation of
the Issuer
B.4b Known trends
The business and earnings of the Issuer and its subsidiary undertakings
affecting the
(together, the "Bank Group" or "Barclays") can be affected by the fiscal or other
policies and other actions of various governmental and regulatory authorities in
Issuer and
the UK, EU, US and elsewhere, which are all subject to change. The regulatory
industries in
response to the financial crisis has led and will continue to lead to very
which the Issuer
substantial regulatory changes in the UK, EU and US and in other countries in
operates
which the Bank Group operates. It has also (amongst other things) led to (i) a
more assertive approach being demonstrated by the authorities in many
jurisdictions; and (ii) enhanced capital, leverage, liquidity and funding
requirements (for example pursuant to the fourth Capital Requirements
Directive (CRD IV)). Any future regulatory changes may restrict the Bank
Group's operations, mandate certain lending activity and impose other,
significant compliance costs.
Known trends
affecting the Issuer and the industry in which the Issuer operates
include:
continuing political and regulatory scrutiny of the banking industry which

is leading to increased or changing regulation that is likely to have a
significant effect on the structure and management of the Bank Group;
general changes in regulatory requirements, for example, prudential rules

relating to the capital adequacy framework and rules designed to promote
financial stability and increase depositor protection, increased regulation
and procedures for the protection of customers and clients of financial
services firms and an increased willingness on the part of regulators to
investigate past practices, vigorously pursue alleged violations and impose
heavy penalties on financial services firms;
increased levels of legal proceedings in jurisdictions in which the Bank

Group does business, including in the form of class actions;
the US Dodd-Frank Wall Street Reform and Consumer Protection Act,

which contains far-reaching regulatory reform (including restrictions on
proprietary trading and fund-related activities (the so-called 'Volcker rule');
the United Kingdom Financial Services (Banking Reform) Act 2013 which

gives United Kingdom authorities powers to implement measures for,
among others: (i) the separation of the United Kingdom and EEA retail
banking activities of the largest United Kingdom banks into a legally,
operationally and economically separate and independent entity (so-called
'ring-fencing'); (ii) statutory depositor preference in insolvency; and (iii) a
'bail-in' stabilisation option; and
changes in competition and pricing environments.
B.5 Description of The Bank Group is a major global financial services provider.
the group and
the Issuer's
position within
The whole of the issued ordinary share capital of the Issuer is beneficially
owned by Barclays PLC, which is the ultimate holding company of the Bank
Group.
the group
B.9 Profit forecast
or estimate
Not
Applicable: the Issuer has chosen not to include a profit forecast or
estimate.
B.10 Nature of any
qualifications in
audit report on
historical
financial
information
Not Applicable: the audit report on the historical financial information contains
no such qualifications.
B.12 Selected key
financial
information; no
material
adverse change
and no
significant
change
statements
Based on the Bank Group's audited financial information for the year ended 31
December 2015, the Bank Group had total assets of £1,120,727m (2014:
£1,358,693m), total net loans and advances1
of £441,046m (2014: £470,424m),
total deposits2
of £465,387m (2014: £486,258m), and total shareholders' equity
of £66,019m (2014: £66,045m) (including non-controlling interests of £1,914m
(2014:
£2,251m)). The profit before tax from continuing operations of the Bank
Group for the year ended 31 December 2015 was £2,841m (2014: £2,309m)
after credit impairment charges and other provisions of £2,114m (2014:
£2,168m). The financial information in this paragraph is extracted from the
audited consolidated financial statements of the Issuer for the year ended 31
December 2015.
Not Applicable. There has been no significant change in the financial or trading
position of the Bank Group since 31 March 2016.
There has been no material adverse change in the prospects of the Issuer since
31 December 2015.
B.13 Recent events
particular to the
Issuer which are
materially
relevant to the
evaluation of
Issuer's solvency
Not Applicable
B.14 Dependency of
the Issuer
on
other entities
within the
group
The whole of the issued ordinary share capital of the Issuer is beneficially
owned by Barclays PLC, which is the ultimate holding company of the Bank
Group.
The financial position of the Issuer is dependent on the financial position of its
subsidiary undertakings.
B.15 Description of
the Issuer's
principal
activities
The Bank Group is a major global financial services provider engaged in retail
and
commercial
banking,
credit
cards,
investment
banking,
wealth
management
and
investment
management
services
with an
extensive
international presence in Europe, the United States, Africa and Asia.

1 Total net loans and advances include balances relating to both bank and customer accounts.

2 Total deposits include deposits from bank and customer accounts.

B.16 Description of
whether the
Issuer is directly
or indirectly
owned or
controlled and
by whom and
nature of such
control
The whole of the issued ordinary share capital of the Issuer is beneficially
owned by Barclays PLC, which is the ultimate holding company of the Issuer
and its subsidiary undertakings.
Section C –
Securities
C.1 Type and class The securities ("Securities") described in this Summary:
of Securities are derivative securities and are issued as a series of notes or certificates;
being offered
and/or
are transferable obligations of the Issuer and have the terms and

conditions set out in this Base Prospectus as completed by the Final Terms;
admitted to
trading, and
security
will bear interest at a fixed rate, a floating rate or at a rate determined by

reference to the performance of one or more Underlying Asset(s) which
could be equity indices, shares, depository receipts or funds;
identification
numbers
may (depending on the particular Securities) automatically redeem early if

the Underlying Asset(s) is/are above a certain level on any of the specified
dates;
if not redeemed early, will be redeemed on the scheduled redemption date

at an amount linked to the performance of the Underlying Asset(s);
may be cleared through a clearing system or uncleared and may be held in

bearer
or
registered
form. Certain
cleared
Securities
may
be
in
dematerialised and uncertificated book-entry form. Title to cleared
Securities will be determined by the books of the relevant clearing system;
and
will be issued in one or more series and each series may be issued in one or

more tranches on the same or different issue dates. The Securities of each
series are intended to be interchangeable with all other Securities of that
series. Each series will be allocated a unique series number and an
identification code.
Issue Date:
17 May 2016
Interest:
The amount of interest payable on the Securities is determined by
reference to a fixed rate of 7.45%. Whether or not interest is paid will depend
on the performance of the FTSE 100 Index and the EURO STOXX® 50 Index
(the
"Underlying Assets"). In some cases
the interest amount could be zero.
Early redemption following an 'automatic redemption (autocall) event':
The
Securities will redeem prior to their scheduled redemption date if the closing
price or level of every Underlying Asset is at or above its corresponding Autocall
Barrier on any of the specified autocall valuation dates. If this occurs, you will
receive a cash payment equal to the nominal amount (or face value) of your
Securities payable on a specified payment date.
Final redemption:
If the Securities have not redeemed early they will redeem on
the scheduled redemption date and the cash payment you receive or underlying
asset you are delivered (if any) will be determined by reference to the value of
the Underlying Assets on a specified valuation date or dates during the life of
the Securities.
Form:
The Securities are notes. The Securities will initially be issued in global
bearer form. Interests in the Securities will be constituted through the issuance
of dematerialised depository interests (the "CDIs"), issued held, settled and
transferred through Euroclear UK & Ireland Limited (formerly known as
CRESTCO Limited) ("CREST").
Identification:
Series number: NX000161893; Tranche number: 4
Identification Codes:
ISIN: XS1113696071,
Common Code 111369607.
Determination Agent:
Barclays Bank PLC (the "Determination Agent") will be
appointed to make calculations and determinations with respect to the
Securities.
Governing Law:The Securities will be governed by English law.
C.2 Currency Subject to compliance with all applicable laws, regulations and directives,
Securities may be issued in any currency.
The Securities will be denominated in pounds sterling ("GBP").
C.5 Description of
restrictions on
free
transferability
of the Securities
Securities are offered and sold outside the United States to non-US persons in
reliance on 'Regulation S' and must comply with transfer restrictions with
respect to the United States.
Securities held in a clearing system will be transferred in accordance with the
rules, procedures and regulations of that clearing system.
Subject to the above, the Securities will be freely transferable.
C.8 Description of
rights attached
to the
Securities,
including
ranking and
limitations to
those rights
Rights: Each Security includes a right to a potential return of interest and
amount payable or deliverable on redemption together with certain ancillary
rights such as the right to receive notice of certain determinations and events
and to vote on future amendments.
Taxation:
All payments in respect of the Securities shall be made without
withholding or deduction for or on account of any UK taxes unless such
withholding or deduction is required by law. In the event that any such
withholding or deduction is required by law, the Issuer will, save in limited
circumstances, pay additional amounts to cover the amounts so withheld or
deducted.
Events of default:
If the Issuer fails to make any payment due under the
Securities or breaches any other provision of the Securities (and such failure is
not remedied within 30 days, or, in the case of interest, 14 days), or the Issuer is
subject to a winding-up order, then (subject, in the case of interest, to the Issuer
being prevented from payment for a mandatory provision of law) the Securities
will become immediately due and payable, upon notice being given by the
holder (or, in the case of French law Securities, the representative of the
holders).
Ranking:
The Securities are direct, unsubordinated and unsecured obligations
of the Issuer and rank equally among themselves.
Limitations to rights: Notwithstanding that the Securities are linked to the
performance of the underlying asset(s), Holders do not have any rights in
respect of the underlying asset(s). The terms and conditions of the Securities
contain provisions for calling meetings of holders to consider matters affecting
their interests generally and these provisions permit defined majorities to bind
all holders, including holders who did not attend and vote at the relevant
meeting and holders who voted in a manner contrary to the majority. Further,
in certain circumstances, the Issuer may amend the terms and conditions of the
Securities, without the holders' consent. The terms and conditions of the
Securities permit the Issuer and the Determination Agent (as the case may be),
on the occurrence of certain events and in certain circumstances, without the
holders' consent, to make adjustments to the terms and conditions of the
Securities, to redeem the Securities prior to maturity, (where applicable) to
postpone valuation of the underlying asset(s) or scheduled payments under the
Securities, to change the currency in which the Securities are denominated, to
substitute the Issuer with another permitted entity subject to certain conditions,
and to take certain other actions with regard to the Securities and the
underlying asset(s) (if any).
C.11 Listing and
admission to
trading
Securities may be listed and admitted to trading on a regulated market in
Belgium, Denmark, Finland, France, Ireland, Italy, Luxembourg, Malta, the
Netherlands, Norway, Portugal, Spain, Sweden or the United Kingdom.
Securities may be listed and admitted to trading on a market in Switzerland or
Italy that is not a regulated market for the purposes of the Prospectus Directive.
Application is expected to be made by the Issuer to list the Securities on the
official list and admit the Securities to trading on the regulated market of the
London Stock Exchange with effect from 17 May 2016.
C.15 Description of The return on, and value of, Securities will be linked to the performance of one
how the value or more specified equity indices, shares, depository receipts or funds or a
of the
investment is
combination of these.
affected by the 50 Index (each an "Underlying Assets"). The underlying assets for the Securities are: FTSE 100 Index and EURO STOXX®
value of the
underlying
Calculations in respect of amounts payable under the Securities are made by
instrument amount payable will be scaled accordingly. reference to a "Calculation Amount", being GBP 1.00. Where the Calculation
Amount is different from the specified denomination of the Securities, the
Indicative amounts:
Phoenix without
fixed rate of 7.45% by GBP 1.00.
product value will be published prior to the Issue Date.
INTEREST
memory interest:
If the Securities are being offered by way of a Public Offer
and any specified product values are not fixed or determined at the
commencement of the Offer Period, these specified product values will specify
an indicative amount, indicative minimum amount, an indicative maximum
amount or any combination thereof. In such case, the relevant specified product
value(s) shall be the value determined based on market conditions by the Issuer
on or around the end of the Offer Period. Notice of the relevant specified
Each Security will only pay interest in
respect of an Interest Valuation Date if the closing price or level of every
Underlying Asset on such Interest Valuation Date is greater than or equal to its
corresponding Interest Barrier. If this occurs, the amount of interest payable
with respect to that Interest Valuation Date is calculated by multiplying the
Interest will be payable on the corresponding Interest Payment Date set out in
the table below.
Interest Valuation Date
Each Interest Valuation Date and Interest Barrier is as follows:
Interest Payment Date
Interest Barrier
24 November 2015 1 December 2015 65% of the Initial Price
24 November 2016 1 December 2016 65% of the Initial Price
24 November 2017 1 December 2017 65%
of the Initial Price
26 November 2018 3 December 2018 65% of the Initial Price
25 November 2019 2 December 2019 65% of the Initial Price
24 November 2020 1 December 2020 65% of the Initial Price
AUTOMATIC REDEMPTION (AUTOCALL)
The Securities will automatically redeem prior to their scheduled redemption
date if the closing price or level of every Underlying Asset at or above its
corresponding Autocall Barrier on any Autocall Valuation Date. If this occurs,
you will receive a cash payment equal to the nominal amount of your Securities
Valuation Date. payable on the Autocall Redemption Date corresponding to such Autocall
follows: Each Autocall Valuation Date and the corresponding Autocall Barrier is as
Autocall Valuation Date Autocall Redemption
Date
Autocall Barrier
24 November 2017 1 December 2017 100% of the Initial
Price
26 November 2018 3 December 2018 100% of the Initial
Price
25 November 2019 2 December 2019 100% of the Initial
Price
If the Securities have not redeemed early they will redeem on the scheduled
redemption date at an amount that is dependent on each of the following:
FINAL REDEMPTION
the 'Initial Price' of the Worst Performing Underlying Asset, which reflects
the price or level of that asset near the of the Securities;

reflects the price or level of that asset ;
the 'Final Valuation Price' of the Worst Performing Underlying Asset, which

calculated as 100 per cent.
the 'Strike Price' of the Worst Performing Underlying Asset, which is
multiplied by the Initial Price of that asset; and
the 'Knock-in Barrier Price' of the

is calculated as 60 per cent.
Worst Performing
multiplied by the Initial Price of that asset.
Underlying Asset, which
Initial Price:
level of such Underlying Asset on 24 November 2014.
The Initial Price of each Underlying Asset is the closing price or
Final Valuation Price:
closing price or level of such Underlying Asset on 24 November 2020
Valuation Date".
The Final Valuation Price of each Underlying Asset is the the "Final
* * * *
European Barrier redemption:
equal to the Knock-in Barrier Price, you will receive a cash amount per
Calculation Amount equal to GBP 1.00. Otherwise:
If the Final Valuation Price is greater than or
you will receive a cash amount per Calculation Amount, calculated by dividing
the Final Valuation Price by the Strike Price and multiplying the result by the
Calculation Amount.
C.16 Expiration or
maturity date of
the securities
The Securities are scheduled to redeem on the scheduled redemption date. This
day may be postponed following the postponement of a valuation date due to a
disruption event.
The scheduled redemption date of the Securities is 1 December 2020.
C.17 Settlement
procedure of
the derivative
securities
The Securities will be cleared and settled through Euroclear Bank S.A./N.V.
Clearstream Banking société anonyme.
C.18 Description of
how the return
on derivative
The return on, and value of, the Securities will be linked to the performance of
the Underlying Assets.
securities takes Payments of interest will depend on the performance of the Underlying Assets
place during the life of the Securities. A fall in the price of each Underlying Asset
below a specified level on any Interest Valuation Date
may reduce the amount
of interest payable on the Securities.
The value of, and return on (if any), the Securities will depend on the
performance of the
Underlying Assets
on each Autocall Valuation Date
and
the
Final Valuation Date. If no Automatic Redemption (Autocall) Event has occurred
on an Autocall Valuation Date and any Underlying Asset performs negatively
over the life of the Securities, a holder may sustain a loss of part or all of the
amount invested in the Securities.
C.19 Final reference The final
reference level of any equity index, or final reference price of any
price of the share, depository receipt or fund to which Securities are linked, will be
underlying determined by reference to a publicly available source on a specified date or
dates.
The final valuation price of the each Underlying Asset is the closing price or
level of such Underlying Asset on 24 November
2020, as determined by the
Determination Agent.
C.20 Type of Securities may be linked to one or more: common shares; depositary receipts
underlying representing common shares; exchange traded funds (ETFs) (being a fund,
pooled investment vehicle, collective investment scheme, partnership, trust or
other similar legal arrangement and holding assets, such as shares, bonds,
indices, commodities, and/or other securities such as financial derivative
instruments); or equity indices.
The Underlying Assets
for the Securities are: the FTSETM 100 Index and the
EURO STOXX
50® Index
Information about the Underlying Assets
is available at:
http://www.stoxx.com
and http://www.ftse.com
Section D –
Risks
D.2 Key information "Principal Risks relating to the Issuer: Material risks and their impact are
on the key risks described below in two sections: (i) Material existing and emerging risks by
that are specific Principal Risk and (ii) Material existing and emerging risks potentially impacting
to the Issuer more than one Principal Risk. The five principal risks are currently categorised
as: (1) Credit Risk; (2) Market Risk; (3) Funding Risk; (4) Operational Risk; and
(5) Conduct Risk (within the meaning of the Issuer's Enterprise Risk
Management Framework, each a "Principal Risk").
(i)
Material existing and emerging risks by Principal Risk
Credit risk: The financial condition of the Group's customers, clients and
counterparties, including governments and other financial institutions, could
adversely affect the Group. The Group may suffer financial loss if any of its
customers, clients or market counterparties fails to fulfil their contractual
obligations to the Group. Furthermore, the Group may also suffer loss when the
value of the Group's investment in the financial instruments of an entity falls as
a result of that entity's credit rating being downgraded. In addition, the Group
may incur significant unrealised gains or
losses due to changes in the Group's
credit spreads or those of third parties, as these changes affect the fair value of
the Group's derivative instruments, debt securities that the Group holds or
issues, and loans held at fair value.
Market risk: The Group's financial position may be adversely affected by
changes in both the level and volatility of prices leading to lower revenues, or
reduced capital. The Group is also at risk from movements in foreign currency
exchange rates as these impact the sterling equivalent value of foreign currency
denominated assets in the banking book, exposing it to currency translation
risk.
Funding risk: The ability of the Group to achieve its business plans may be
adversely impacted if it does not effectively manage its capital (including
leverage), liquidity and other regulatory requirements. The Group may not be
able to achieve its business plans due to: i) being unable to maintain
appropriate capital ratios; ii) being unable to meet its obligations as they fall
due; iii) rating agency methodology changes resulting in ratings downgrades;
and iv) adverse changes in foreign exchange rates on capital ratios.
Operational risk: The operational risk profile of the Group may change as a
result of human factors, inadequate or failed
internal processes and systems, or
external events. The Group is exposed to many types of operational risk. This
includes: fraudulent and other internal and external criminal activities; the risk
of breakdowns in processes, controls or procedures (or their inadequacy relative
to the size and scope of the Group's business); systems failures or an attempt, by
an external party, to make a service or supporting infrastructure unavailable to
its intended users, and the risk of geopolitical cyber threat activity
which
destabilises or destroys the Group's information technology, or critical
infrastructure the Group depends upon but does not control. The Group is also
subject to the risk of business disruption arising from events wholly or partially
beyond its control for example natural disasters, acts of terrorism, epidemics
and transport or utility failures, which may give rise to losses or reductions in
service to customers and/or economic loss to the Group. All of these risks are
also applicable where the Group
relies on outside suppliers or vendors to
provide services to it and its customers. The operational risks that the Group is
exposed to could change rapidly and there is no guarantee that the Group's
processes, controls, procedures and systems are sufficient to address, or could
adapt promptly to, such changing risks to avoid the risk of loss.
Legal,
competition
and
regulatory matters:
Legal
disputes, regulatory
investigations, fines and other sanctions relating to conduct of business and
financial crime may negatively affect the Group's results, reputation and ability
to conduct its business.
Risks arising from regulation of the financial services industry: The financial
services industry continues to be the focus of significant regulatory change and
scrutiny
which
may
adversely
affect
the
Group's
business,
financial
performance, capital and risk management strategies.
Conduct risk:
Organisational Change: The Group is at risk of not being able to meet customer
and regulatory expectations due to a failure to appropriately manage the: i)
complexity in business practice, processes and systems; ii) challenges faced in
product suitability, automation and portfolio-level risk monitoring; iii) resilience
of its technology; and, iv) execution strategy, including the failure to fulfil the
high level of operational precision required for effective execution in order to
deliver positive customer outcomes.
Legacy Issues: Barclays remains at risk from the potential outcomes of a
number of investigations relating to its past conduct. Many stakeholders will
remain sceptical and so the risk to Barclays' reputation will remain. Barclays
continues to work to rebuild customer trust and market confidence impacted by
legacy issues.
Market Integrity: There are potential risks arising from conflicts of interest.
While primarily relevant to the Investment Bank, these potential risks may also
impact the corporate and retail customer base.
Financial Crime: The Group, as a global financial services firm, is exposed to the
risks associated with money laundering, terrorist financing, bribery and
corruption and sanctions.
Any one, or combination, of the above risks could have significant impact on
the Group's reputation and may also lead to potentially large costs to both
rectify this issue and reimburse losses incurred by customers and regulatory
censure and penalties.
(ii) Material existing and emerging risks potentially impacting more
than one
Principal Risk:
Structural Reform (emerging risk)
The UK Financial Services (Banking Reform) Act 2013 (the UK Banking Reform
Act) and associated secondary legislation and regulatory rules, require the
separation of the Group's UK and EEA retail and SME deposit-taking activities
into a legally, operationally and economically separate and independent entity
and restrict the types of activity such an entity may conduct (so-called 'ring
fencing').
Business conditions, general economy and geopolitical
issues
The Group's performance could be adversely affected in relation to more than
one Principal Risk by a weak or deteriorating global economy or political
instability. These factors may also occur in one or more of the Group's main
countries of operation. The Group offers a broad range of services to retail,
institutional and government customers, in a large number of countries. The
breadth of these operations means that deterioration in the economic
environment, or an increase in political instability in countries where it is active,
or any other systemically important economy, could adversely affect the
Group's performance.
Business Change/Execution (emerging risk)
As Barclays moves towards a single point of entry (Holding Company)
resolution model and
implementation of the Structural Reform Programme
Execution, the expected level of structural and strategic change to be
implemented over the medium term will be disruptive and is likely to increase
funding and operational risks for the Group and could impact its revenues and
businesses.
If any of the risks were to occur, singly or in aggregate, they could have a
material adverse effect on the Group's business, results of operations and
financial condition.
Regulatory action in the event a bank in the Group (such as the Issuer) is
failing or likely to fail could materially adversely affect the value of the
Securities: The Bank Recovery and Resolution Directive (the "BRRD") provides
an EU-wide framework for the recovery and resolution of credit institutions
and
investment firms, their subsidiaries and certain holding companies. The BRRD
(including the Bail-In tool) was implemented in the Banking Act in January 2015
and came into force on 1 January 2016. The Banking Act confers substantial
powers on a number of UK authorities designed to enable them to take a range
of actions in relation to UK banks or investment firms and certain of their
affiliates in the event a bank or investment firm in the same group is considered
to be failing or likely to fail. The exercise of any of these actions in relation to
the Issuer could materially adversely affect the value of the Securities.
Under the terms of the Securities, investors have agreed to be bound by the
exercise of any UK Bail-in Power by the relevant UK resolution authority.
A downgrade of the credit rating assigned by any credit rating agency to the
Issuer could adversely affect the liquidity or market value of the Securities.
Credit ratings downgrade could occur as a result of, among other causes,
changes in the
ratings methodologies used by credit rating agencies. Changes
in credit rating agencies' views of the level of implicit sovereign support for
European banks and their groups are likely to lead to credit ratings
downgrades.
The Issuer is affected by risks affecting the Banking-Group: The Issuer is also
affected by risks affecting the Banking-Group as there is substantial overlap in
the businesses of the Issuer and its subsidiaries. Further, the Issuer can be
negatively affected by risks and other events affecting its subsidiaries even
where the Issuer is not directly affected.
D.6 Key information You may lose some or all of your investment.
on the key risks
that are specific
to the Securities
including a risk
warning that
investors may
The terms of the Securities do not provide for scheduled minimum payment
of the face value or issue price of the Securities at maturity: depending on the
performance of the Underlying Asset(s), you may lose some or all of your
investment.
The payment of any amount or delivery of any property due under the
Securities is dependent upon the Issuer's ability to fulfil its obligations when
lose some or all
of the value of
their
they fall due. The Securities are unsecured obligations. They are not deposits
and they are
not protected under the UK's Financial Services Compensation
Scheme or any other deposit protection insurance scheme. Therefore, if the
investment Issuer fails or is otherwise unable to meet its payment or delivery obligations
under the Securities, you will lose some or all of your investment.
You will lose up to the entire value of your investment if the Issuer fails or is
otherwise unable to meet its payment obligations.
You may also lose some or all of your entire investment if:
you sell your Securities prior to maturity in the secondary market (if any) at

an amount that is less than the initial purchase price;
the
Securities are
redeemed early
following the
occurrence
of
an

extraordinary event in relation to the Underlying Asset(s), the Issuer, the
Issuer's hedging arrangement, the relevant currencies or taxation (such as
following an additional disruption event) and the amount you receive on
such redemption is less than the initial purchase price; and/or
the terms and conditions of the Securities are adjusted (in
accordance with

the terms and conditions of the Securities) with the result that the
redemption amount payable to you and/or the value of the Securities is
reduced.
Return linked to performance of Underlying Assets: The return payable on the
Securities is
linked to the change in value of the Underlying Assets
over the life
of the Securities. Any information about the past performance of any
Underlying Asset should not be taken as an indication of how prices will change
in the future. You will not have any rights of ownership, including, without
limitation, any voting rights or rights to receive dividends, in respect of any
Underlying Asset.
Reinvestment risk/loss of yield:
Following an early redemption of the Securities
for any reason, holders may be unable
to reinvest the redemption proceeds at a
rate of return as high as the return on the Securities being redeemed.
Equity Index risks:
Securities linked to the performance of equity indices
provide investment diversification opportunities, but will be subject to the risk
of fluctuations in both equity prices and the value and volatility of the relevant
equity index. Securities linked to equity indices may not participate in dividends
or any other distributions paid on the shares which make up such indices,
accordingly, you may receive a lower return on the Securities than you would
have received if you had invested directly in those shares.
The Index Sponsor can add, delete or substitute the components of an equity
index at its discretion, and may also alter the methodology used to calculate the
level of such index. These events may have a detrimental impact on the level of
that index, which in turn could have a negative impact on the value of and
return on the Securities.
Capped return: As the redemption amount is subject to a cap, the value of or
return on your Securities may be significantly less than if you had purchased the
Underlying Asset(s) directly.
Worst-of: You are exposed to the performance of every Underlying Asset.
Irrespective of how the other Underlying Assets perform, if any one or more
Underlying Assets fail to meet a relevant threshold or barrier for the payment of
interest or the calculation of any redemption amount, you might receive no
interest payments and/or could lose some or all of your initial investment.
Volatile market prices:
The market value of the Securities is unpredictable and
may be highly volatile, as it can be affected by many unpredictable factors,
including: market interest and yield rates; fluctuations in currency exchange
rates; exchange controls; the time remaining
until the Securities mature;
economic, financial, regulatory, political, terrorist, military or other events in
one or more jurisdictions; changes in laws or regulations; and the Issuer's
creditworthiness or perceived creditworthiness.
Section E –
Offer
E.2b Reasons for
offer and use of
proceeds when
different from
making profit
and/or hedging
The net proceeds from each issue of Securities will be applied by the Issuer for
its general corporate purposes, which include making a profit and/or hedging
certain risks. If the Issuer elects at the time of issuance of Securities to make
different or more specific use of proceeds, the Issuer will describe that use in the
Final Terms.
Not Applicable: the net proceeds will be applied by the Issuer for making profit
certain risks and/or hedging certain risks.
E.3 Description of
the terms and
The Securities are offered subject to the following conditions:
Offer Price:
GBP 1
per Security
conditions of
the offer
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.
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
Authorised Offeror
in accordance with
the Authorised Offeror's
usual
procedures.
Description of the application process:
An offer of the Securities may be made
by the Manager or the Authorised Offeror other than pursuant to Article 3(2) of
the Prospectus Directive as implemented in the UK
(the "Public Offer
Jurisdiction") during the Offer Period
Applications for the Securities can be made in the Public Offer Jurisdiction
through the Authorised Offeror during the Offer Period. The Securities will be
placed into the Public Offer Jurisdiction by the Authorised Offeror.
Details of the minimum and/or maximum amount of application:
There are no
pre-identified allotment criteria. The Authorised Offeror will adopt allotment
criteria that ensure equal treatment of prospective investors. All of the
Securities requested through the Authorised Offeror will be assigned up to the
maximum amount of the offer.
The maximum amount of application of Securities will be subject only to
availability at the time of the application.
In the event that during the Offer Period the requests exceed the total amount
of the offer destined to prospective investors the Issuer, in accordance with the
Authorised Offeror, will proceed to early terminate the Offer Period and will
immediately suspend the acceptance of further request
Description of possibility to reduce subscriptions and manner for refunding
excess amount paid by applicants:
Not Applicable
Details of the method and time limits for paying up and delivering the
Securities:
The Securities will be issued on the Issue Date against payment of
the net subscription moneys to the Issuer via the Authorised Offeror. Each
investor will be notified by the relevant Authorised Offeror of the settlement
arrangements in respect of the Securities at the time of such investor's
application.
Manner in and date on which results of the offer are to be made public: The
Authorised Offeror will make the results of the offer available to the public upon
request at the Authorised Offeror's offices.
Procedure for exercise of any right of pre-emption, negotiability of
subscription rights and treatment of subscription rights not exercised:
Not
Applicable
Categories of holders to which the Securities are offered and whether
Tranche(s) have been reserved for certain countries:
Offers may be made
through the Authorised Offeror in the Public Offer Jurisdiction to any person.
Offers (if any) in other EEA countries will only be made through the Authorised
Offeror 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:
Applicants will be
notified directly by the Authorised Offeror of the success of their application.
No dealings in the Securities may take place prior to the Issue Date.
Name(s) and address(es), to the extent known to the Issuer, of the placers in
the various countries where the offer takes place:
the Authorised Offeror(s)
E.4 Description of
any interest
material to the
issue/offer,
including
conflicting
interests
The relevant Manager(s) or authorised offeror(s) may be paid fees in relation to
any issue or offer of Securities. Potential conflicts of interest may exist between
the Issuer, Determination Agent, relevant Manager(s) or authorised offeror(s) or
their affiliates (who may have interests in transactions in derivatives related to
the Underlying Asset(s) which may, but are not intended to, adversely affect the
market price, liquidity or value of the Securities) and holders.
E.7 Estimated
expenses
charged to
investor by
issuer/offeror
The Issuer will not charge any
expenses to investors in connection with the issue
of Securities. Authorised Offerors may, however, charge expenses to investors.
Such expenses (if any) will be determined by agreement between the
Authorised Offeror and the investors at the time of each issue.