0000950103-19-017464.txt : 20191223 0000950103-19-017464.hdr.sgml : 20191223 20191220191543 ACCESSION NUMBER: 0000950103-19-017464 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20191223 DATE AS OF CHANGE: 20191220 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BARCLAYS BANK PLC CENTRAL INDEX KEY: 0000312070 STANDARD INDUSTRIAL CLASSIFICATION: COMMERCIAL BANKS, NEC [6029] IRS NUMBER: 000000000 STATE OF INCORPORATION: X0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-232144 FILM NUMBER: 191303163 BUSINESS ADDRESS: STREET 1: 1 CHURCHILL PLACE STREET 2: CANARY WHARF CITY: LONDON STATE: X0 ZIP: E14 5HP BUSINESS PHONE: 0044-20-3555-4619 MAIL ADDRESS: STREET 1: 1 CHURCHILL PLACE STREET 2: CANARY WHARF CITY: LONDON STATE: X0 ZIP: E14 5HP FORMER COMPANY: FORMER CONFORMED NAME: BARCLAYS BANK PLC /ENG/ DATE OF NAME CHANGE: 19990402 FORMER COMPANY: FORMER CONFORMED NAME: BARCLAYS BANK INTERNATIONAL LTD DATE OF NAME CHANGE: 19850313 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BARCLAYS BANK PLC CENTRAL INDEX KEY: 0000312070 STANDARD INDUSTRIAL CLASSIFICATION: COMMERCIAL BANKS, NEC [6029] IRS NUMBER: 000000000 STATE OF INCORPORATION: X0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 1 CHURCHILL PLACE STREET 2: CANARY WHARF CITY: LONDON STATE: X0 ZIP: E14 5HP BUSINESS PHONE: 0044-20-3555-4619 MAIL ADDRESS: STREET 1: 1 CHURCHILL PLACE STREET 2: CANARY WHARF CITY: LONDON STATE: X0 ZIP: E14 5HP FORMER COMPANY: FORMER CONFORMED NAME: BARCLAYS BANK PLC /ENG/ DATE OF NAME CHANGE: 19990402 FORMER COMPANY: FORMER CONFORMED NAME: BARCLAYS BANK INTERNATIONAL LTD DATE OF NAME CHANGE: 19850313 FWP 1 dp117935_fwp-2824baml.htm FORM FWP

 

Free Writing Prospectus

Filed pursuant to Rule 433

Registration Statement No. 333-232144

Dated December 20, 2019

 

Capped Leveraged Index Return Notes®  (CAPPED LIRNs®)  

 

Capped LIRNs® Linked to the S&P 500® Index
Issuer Barclays Bank PLC (“Barclays”)
Principal Amount $10.00 per unit
Term Approximately 14 months
Market Measure S&P 500® Index (Bloomberg symbol: “SPX”)
Payout Profile at Maturity

·

2-to-1 upside exposure to increases in the Market Measure, subject to the Capped Value 

·

1-to-1 downside exposure to decreases in the Market Measure beyond a 5.00% decline, with up to 95.00% of your principal at risk 

Capped Value [$10.70 to $11.10] per unit, a [7% to 11%] return over the principal amount, to be determined on the pricing date.
Participation Rate 200.00%
Threshold Value 95% of the Starting Value
Interest Payments None
Preliminary Offering Documents https://www.sec.gov/Archives/edgar/data/312070/00009501031901743
1/dp117904_424b2-2824baml.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.

·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.

·Your investment return is limited to the return represented by the Capped Value and may be less than a comparable investment directly in the stocks included in the Market Measure.

·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 represented by the Market Measure, and you will not be entitled to receive securities or dividends or other distributions by the issuers of those securities.

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 Hypothetical Total Rate of Return on the Notes
-100.00% $0.50 -95.00%
-50.00% $5.50 -45.00%
-40.00% $6.50 -35.00%
-30.00% $7.50 -25.00%
-20.00% $8.50 -15.00%
-10.00% $9.50 -5.00%
  -5.00%(1) $10.00 0.00%
-3.00% $10.00 0.00%
0.00% $10.00 0.00%
2.00% $10.40 4.00%
4.50%    $10.90(2) 9.00%
5.00%  $10.90 9.00%
10.00% $10.90 9.00%
20.00% $10.90 9.00%
30.00% $10.90 9.00%
40.00% $10.90 9.00%
50.00% $10.90 9.00%
60.00% $10.90 9.00%

 

(1)This hypothetical percentage change corresponds to the Threshold Value.

(2)The Redemption Amount per unit cannot exceed the hypothetical Capped 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.

 

 

GRAPHIC 2 image_001.jpg GRAPHIC begin 644 image_001.jpg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end