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Barclays PLC — Capital/Financing Update 2016
Aug 22, 2016
5250_rns_2016-08-22_99256a36-3bab-4ffb-89e8-5f5a263368bf.pdf
Capital/Financing Update
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FINAL TERMS
Final Terms dated 18 August 2016
BARCLAYS PLC
Issue of AUD 30,000,000 5.02 per cent. Notes due August 2028 under the £60,000,000,000 Debt Issuance Programme
PART A – CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Terms and Conditions of the Notes (the "Conditions") set forth in the base prospectus dated 3 August 2016 (the "Base Prospectus") for the purposes of Directive 2003/71/EC, as amended, including by Directive 2010/73/EU and as implemented by any relevant implementing measure in the relevant Member State (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 the Issuer and the offer of the Notes described herein is only available on the basis of the combination of these Final Terms and the Base Prospectus. The Base Prospectus and these Final Terms have been published on the website of the Regulatory News Service operated by the London Stock Exchange at http://www.londonstockexchange.com/exchange/news/market-news/market-newshome.html.
| 1. | (i) | Issuer: | Barclays PLC |
|---|---|---|---|
| 2. | (i) | Series Number: | 231 |
| (ii) | Tranche Number: | 1 | |
| (iii) | Date on which the Notes become fungible: |
Not Applicable | |
| 3. | Specified Currency or Currencies: | Australian Dollar ("AUD") | |
| 4. | Aggregate Nominal Amount: | 30,000,000 | |
| 5. | Issue Price: | 100.00 per cent. of the Aggregate Nominal Amount |
|
| 6. | (i) | Specified Denominations: | AUD 200,000 and integral multiples of AUD 2,000 in excess thereof |
| (ii) | Calculation Amount: | AUD 2,000 | |
| 7. | (i) | Issue Date: | 22 August 2016 |
| (ii) | Interest Commencement Date: | Issue Date | |
| 8. | Maturity Date: | 22 August 2028 | |
| 9. | Interest Basis: | 5.02 per cent. Fixed Rate | |
| (see paragraph 15 below) | |||
| 10. | Redemption/Payment Basis: | Subject to any purchase and cancellation or early redemption, the Notes will be redeemed on the Maturity Date at 100 per cent. of their nominal amount. |
|
| 11. | Change of Interest or Redemption/Payment | Not Applicable |
Basis:
| 12. | Put/Call Options: | Not Applicable | ||
|---|---|---|---|---|
| 13. | (i) | Status of the Notes: | Senior Notes | |
| (ii) | Date of approval for issuance of Notes obtained: |
28 July 2016 | ||
| 14. | Senior Notes Waiver of Set-off: | Not Applicable |
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
| 15. | Fixed Rate Note Provisions | Applicable | ||
|---|---|---|---|---|
| (i) | Rate of Interest: | 5.02 per cent. per annum payable annually in arrear on each Interest Payment Date |
||
| (ii) | (A) | Interest Payment Date(s): | 22 August in each year | |
| (B) | Interest Payment Date adjustment (for Renminbi or Hong Kong dollar denominated Notes): |
Not Applicable | ||
| (iii) Fixed Coupon Amount: |
AUD 100.40 per Calculation Amount payable on each Interest Payment Date |
|||
| (iv) | Broken Amount(s): | Not Applicable | ||
| (v) | Day Count Fraction: | 30/360 | ||
| (vi) | Party responsible for calculating the amount payable upon Illiquidity, Inconvertibility or Non transferability: |
Not Applicable | ||
| 16. | Reset Note Provisions | Not Applicable | ||
| 17. | Floating Rate Note Provisions | Not Applicable | ||
| 18. | Zero Coupon Note Provisions | Not Applicable | ||
| PROVISIONS RELATING TO REDEMPTION | ||||
| 19. | Call Option | Not Applicable | ||
| 20. | Put Option | Not Applicable | ||
| 21. | Final Redemption Amount of each Note | Subject to any purchase and cancellation or early redemption, the Notes will be redeemed on the Maturity Date at AUD 2,000 per Calculation Amount |
||
| 22. | Early Termination Amount | Not Applicable | ||
GENERAL PROVISIONS APPLICABLE TO THE NOTES
- Form of Notes: Registered Notes:
Unrestricted Global Certificate registered in the name of a nominee for a common safekeeper for Euroclear and Clearstream, Luxembourg
(that is, held under the New Safekeeping Structure (NSS)) exchangeable for Unrestricted Certificates in the limited Individual circumstances described in the Unrestricted Global Certificate
- New Global Note:
Not Applicable
$\rm No$
${\bf No}$
-
- Additional Financial Centre(s) or other special provisions relating to payment dates:
- Talons for future Coupons to be attached to 26. Definitive Notes:
-
- Spot Rate:
Not Applicable
SIGNED on behalf of Barclays PLC: By: Duly authorised
PART B – OTHER INFORMATION
1. LISTING
- (i) Listing and admission to trading: Application has been made by the Issuer (or on its behalf) for the Notes to be admitted to trading on the Regulated Market of the London Stock Exchange with effect from on or about the Issue Date
- (ii) Estimate of total expenses related to admission to trading: £300
2. RATINGS
Ratings: The Notes to be issued are expected to be rated:
Standard & Poor's Credit Market Services Europe Limited ("Standard & Poor's"): BBB
Moody's Investors Service Ltd. ("Moody's"): Baa3
Fitch Ratings Limited ("Fitch"): A
The short term unsecured obligations of the Issuer are rated A-2 by Standard & Poor's, P-3 by Moody's and F1 by Fitch, and the unsecured unsubordinated long-term obligations of the Issuer are rated BBB by Standard & Poor's, Baa3 by Moody's and A by Fitch.
Each of Moody's, Standard & Poor's and Fitch is established in the European Economic Area (the "EEA") and is registered under Regulation (EC) No. 1060/2009 (as amended) (the "CRA Regulation"). As such, each of Moody's, Standard & Poor's and Fitch is included in the list of credit rating agencies published by the European Securities and Markets Authority on its website in accordance with the CRA Regulation.
3. INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save as discussed in "Subscription and Sale", so far as the Issuer is aware, no person involved in the offer of the Notes has an interest that is material to the offer.
The Manager and its affiliates have engaged, and may in the future engage, in investment banking and/or commercial banking transactions with, and may perform other services for, the Issuer and its affiliates in the ordinary course of business.
4. USE OF PROCEEDS
It is the Issuer's intention to use the proceeds of the issue of the Notes issued by it to initially make an investment in the Bank in the form of senior debt. The Issuer retains the discretion to restructure any investment made with the proceeds at any time.
5. YIELD
Indication of yield: 5.02 per cent.
The indicative yield is calculated at the Issue Date on the basis of the Issue Price. It is not an indication of future yield.
6. OPERATIONAL INFORMATION
| (i) | CUSIP Number | Not Applicable |
|---|---|---|
| (ii) | ISIN: | XS1479485069 |
| (iii) | Common Code: | 147948506 |
| (iv) | CINS Code: | Not Applicable |
| (v) | CMU Instrument Number: | Not Applicable |
| (vi) | Any clearing system(s) other than Euroclear, Clearstream Luxembourg, DTC or the CMU Service and the relevant identification number(s): |
Not Applicable |
| (vii) | Delivery: | Delivery against payment |
- (viii) Names and addresses of additional Paying Agent(s) (if any): Not Applicable
- (ix) Intended to be held in a manner which would allow Eurosystem eligibility:
Yes. Note that the designation "yes" simply means that the Notes are intended upon issue to be deposited with one of the ICSDs as common safekeeper, and registered in the name of a nominee of one of the ICSDs acting as common safekeeper, and does not necessarily mean that the Notes 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.
7. DISTRIBUTION
| (i) | U.S. Selling Restrictions: Method of distribution: If syndicated |
Reg. S Compliance Category 2, TEFRA not applicable |
||
|---|---|---|---|---|
| (ii) | Non-syndicated | |||
| (iii) | Not Applicable | |||
| (a) | Names of Managers and underwriting commitments: |
Not Applicable | ||
| (b) | Stabilisation Manager(s) (if any): |
Not Applicable | ||
| (iv) | If non-syndicated, name and address of Dealer: |
Barclays Bank PLC, 5 The North Colonnade, Canary Wharf, London E14 4BB |