Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
07 November 2019 - 6:35AM
Edgar (US Regulatory)
Free Writing Prospectus
Filed pursuant to Rule 433
Registration Statement No. 333-232144
Dated November 6, 2019
Notes with Absolute Return Buffer Linked to an International Equity Index Basket
Issuer
|
Barclays Bank PLC (“Barclays”)
|
Principal Amount
|
$10.00 per unit
|
Term
|
Approximately three years
|
Market Measure
|
An international equity index basket comprised of the EURO STOXX 50® Index (Bloomberg symbol: “SX5E”), the FTSE® 100 Index (Bloomberg symbol: “UKX”), the Nikkei 225 Index (Bloomberg symbol: “NKY”), the Swiss Market Index (Bloomberg symbol: “SMI”), the S&P/ASX 200 Index (Bloomberg symbol: “AS51”) and the Hang Seng® Index (Bloomberg symbol: “HSI”). Each Basket Component is a price return index. The EURO STOXX 50® Index will be given an initial weight of 40%, each of the FTSE® 100 Index and the Nikkei 225 Index will be given an initial weight of 20%, each of the Swiss Market Index and the S&P/ASX 200 Index will be given an initial weight of 7.5% and the Hang Seng® Index will be given an initial weight of 5%
|
Payout Profile at Maturity
|
· [100% to 120%] upside exposure to increases in the Market Measure
· A
positive return equal to the absolute value of the percentage decline in the level of the Market Measure only if the Market Measure
does not decline by more than 15.00% (e.g., if the negative return of the Market Measure is -10.00%, you will receive a positive
return of +10.00%)
· 1-to-1 downside exposure to decreases in the Market Measure beyond a 15.00% decline, with up to 85.00% of your principal at risk
|
Participation Rate
|
[100.00% to 120.00%]
|
Threshold Value
|
85% of the Starting Value
|
Interest Payments
|
None
|
Preliminary Offering Documents
|
https://www.sec.gov/Archives/edgar/data/312070/000095010319015220/dp115677_424b2-2728baml.htm
|
Exchange Listing
|
No
|
You should read the relevant Preliminary Offering Documents
before you invest.
Click on the Preliminary Offering Documents hyperlink above
or call your Financial Advisor for a hard copy.
Risk factors
Please see the Preliminary Offering Documents for a description
of certain risks related to this investment, including, but not limited to, the following:
|
·
|
Depending on the performance of the Market Measure as measured shortly
before the maturity date, your investment may result in a loss; there is no guaranteed return of principal.
|
|
·
|
Your potential for a positive return based on the depreciation of the
Market Measure is limited and may be less than that of a comparable investment that takes a short position directly in the Market
Measure (or the stocks included in the Market Measure). The absolute value return feature applies only if the Ending Value is less
than the Starting Value but greater than or equal to the Threshold Value. Because the Threshold Value is 85.00% of the Starting
Value, any positive return due to the depreciation of the Market Measure is limited to 15.00%. Any decline in the Ending Value
from the Starting Value by more than 15.00% will result in a loss, rather than a positive return, on the notes. In contrast, for
example, a short position in the Market Measure (or the stocks included in the Market Measure) would allow you to receive the full
benefit of any decrease in the level of the Market Measure (or the stocks included in the Market Measure).
|
|
·
|
Payments on the notes, including repayment of principal, are subject
to the credit risk of Barclays and to the risk of exercise of any U.K. Bail-in Power or any other resolution measure by the relevant
U.K. resolution authority. If Barclays becomes insolvent, is unable to pay its obligations, or any other resolution measure is
exercised, you may lose your entire investment.
|
|
·
|
Changes in the level of one of the Basket Components may be offset
by changes in the levels of the other Basket Components.
|
|
·
|
The initial estimated value of the notes on the pricing date will be
less than their public offering price.
|
|
·
|
If you attempt to sell the notes prior to maturity, their market value
may be lower than both the public offering price and the initial estimated value of the notes on the pricing date.
|
|
·
|
You will have no rights of a holder of the securities included in the
Basket Components, and you will not be entitled to receive securities or dividends or other distributions by the issuers of those
securities.
|
|
·
|
Your return on the notes may be affected by factors affecting the international
securities markets. In addition, you will not obtain the benefit of any increase in the value of any currency in which the securities
included in the Basket Components are traded against the U.S. dollar, which you would receive if you had owned the securities included
in the Basket Components during the term of your notes, although the value of the notes may be adversely affected by general exchange
rate movements in the market.
|
Final terms will be set on the
pricing date within the given range for the specified Market-Linked Investment. Please see the Preliminary Offering Documents
for complete product disclosure, including related risks and tax disclosure.
The graph above and the table below reflect
the hypothetical return on the notes, based on the terms contained in the table to the left (using the mid-point for any range(s)).
The graph and table have been prepared for purposes of illustration only and do not take into account any tax consequences from
investing in the notes.
Hypothetical Percentage Change from the Starting Value to the Ending Value
|
Hypothetical Redemption Amount per Unit(1)
|
Hypothetical Total Rate of Return on the Notes
|
-100.00%
|
$1.50
|
-85.00%
|
-50.00%
|
$6.50
|
-35.00%
|
-40.00%
|
$7.50
|
-25.00%
|
-30.00%
|
$8.50
|
-15.00%
|
-20.00%
|
$9.50
|
-5.00%
|
-15.00%(2)
|
$11.50
|
15.00%
|
-10.00%
|
$11.00
|
10.00%
|
-5.00%
|
$10.50
|
5.00%
|
-3.00%
|
$10.30
|
3.00%
|
0.00%
|
$10.00
|
0.00%
|
2.00%
|
$10.22
|
2.20%
|
5.00%
|
$10.55
|
5.50%
|
10.00%
|
$11.10
|
11.00%
|
20.00%
|
$12.20
|
22.00%
|
30.00%
|
$13.30
|
33.00%
|
40.00%
|
$14.40
|
44.00%
|
50.00%
|
$15.50
|
55.00%
|
60.00%
|
$16.60
|
66.00%
|
|
(1)
|
The Redemption amount per unit is based on the hypothetical Participation Rate if the Ending Value is greater than the Starting
Value.
|
|
(2)
|
This hypothetical percentage change corresponds to the Threshold Value.
|
Barclays Bank PLC (Barclays) has
filed a registration statement (which includes a prospectus) with the Securities and Exchange Commission (SEC) for the notes that
are described in this Guidebook. Before you invest, you should carefully read the prospectus in that registration statement and
other documents that Barclays has filed with the SEC for more complete information about Barclays and any offering described in
this Guidebook. You may obtain these documents without cost by visiting EDGAR on the SEC Website at www.sec.gov. Barclays’s
Central Index Key, or CIK, on the SEC website is 312070. Alternatively, Merrill Lynch will arrange to send you the prospectus
and other documents relating to any offering described in this document if you so request by calling toll-free 1-800-294-1322.
Barclays faces risks that are specific to its business, and we encourage you to carefully consider these risks before making an
investment in its securities.
Barclays Bank Plc Prfd D (NYSE:BCSPD)
Historical Stock Chart
From Jun 2024 to Jul 2024
Barclays Bank Plc Prfd D (NYSE:BCSPD)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Barclays Bank Plc Prfd D (New York Stock Exchange): 0 recent articles
More Barclays Bank Plc News Articles