Filed Pursuant to Rule 433 Registration No. 333-212571 Fact Sheet | July 16, 2018 |
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Buffered SuperTrack Notes
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Issuer: |
Barclays Bank PLC |
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Hypothetical Payment at Maturityƚ | ||||
Tenor: |
Approximately 5 years |
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Reference Asset: |
The S&P 500 Index (Bloomberg ticker: SPX <Index>) and the Dow Jones Industrial Average (Bloomberg ticker: |
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Upside Leverage Factor: |
[1.30 - 1.35], to be determined on the Initial Valuation Date |
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Buffer Percentage: |
30.00% of the Initial Level |
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CUSIP / ISIN: |
06746XJ38 / US06746XJ385 |
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Initial Level: |
The Closing Level of the Indices on the Initial Valuation Date |
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Final Level: |
The Closing Level of the Indices on the Final Valuation Date |
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Initial Valuation Date: |
July 31, 2018 |
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Issue Date: |
August 3, 2018 |
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Final Valuation Date: |
July 31, 2023 |
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Maturity Date: |
August 3, 2023 |
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Selected Structure Definitions |
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Payment at Maturity: |
If you hold the notes to maturity, you will receive on the Maturity Date a cash payment per $1,000 principal amount of notes equal to |
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· If the Index Return is greater than 0.00%, an amount calculated as follows: $1,000 + ($1,000 x Index Return of the Least Performing Index x Upside Leverage Factor) · If the Index Return is less than or equal to 0.00% but greater than or equal to -30.00%, $1000, per $1,000 principal amount note; or · If the Index Return is less than -30.00%, an amount calculated as follows: $1,000 + [$1,000 x (Index Return of the Least Performing Index + Buffer Percentage)] If the Index Return of the Least Performing Index is less than -30.00%, you will lose 1.00% of the principal amount of your notes for every 1.00% that the Index Return of the Least Performing Index falls below -30.00%. You may lose up to 70.00% of the principal amount of your notes at maturity. |
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Index Return |
Payment at Maturityƚ |
Total Return on |
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40.00% |
$1,520.00 |
52.00% |
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30.00% |
$1,390.00 |
39.00% |
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20.00% |
$1,260.00 |
26.00% |
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10.00% |
$1,130.00 |
13.00% |
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Index Return: |
The performance of the Indices from the Initial Level to the Final Level |
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5.00% |
$1,065.00 |
6.50% |
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All terms that are not defined in this fact sheet shall have the meanings set forth in the accompanying preliminary pricing supplement dated July 5, 2018 (the Pricing Supplement). All terms set forth or defined herein, including all prices, levels, values and dates, are subject to adjustment as described in the accompanying Pricing Supplement. In the event that any of the terms set forth or defined in this fact sheet conflict with the terms as described in the accompanying Pricing Supplement, the terms described in the accompanying Pricing Supplement shall control. The notes are not suitable for all investors. You should read carefully the accompanying Pricing Supplement (together with all documents incorporated by reference therein) for more information on the risks associated with investing in the notes. Any payment, including any payment at maturity, is not guaranteed by any third party and is subject to both the creditworthiness of the Issuer and the exercise of any U.K. Bail-in Power, as further described in the accompanying Pricing Supplement. |
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0.00% |
$1,000.00 |
0.00% |
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-10.00% |
$1,000.00 |
0.00% |
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-15.00% |
$1,000.00 |
0.00% |
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-20.00% |
$1,000.00 |
0.00% |
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-25.00% |
$1,000.00 |
0.00% |
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-30.00% |
$1,000.00 |
0.00% |
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-50.00% |
$800.00 |
-20.00% |
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-100.00% |
$300.00 |
-70.00% |
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ƚ Assuming that the Upside Leverage Factor will be set at 1.30 |
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Fact Sheet | July 16, 2018 |
Buffered SuperTrack Notes
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Summary Characteristics of the Notes
· CommissionsBarclays Capital Inc. will receive commissions from the Issuer of up to 1.125% of the principal amount of the notes, or up to $11.25 per $1,000 principal amount. Please see the accompanying Pricing Supplement for additional information about selling concessions, commissions and fees.
· Estimated Value Lower Than Issue PriceOur estimated value of the notes on the Initial Valuation Date is expected to be between $930.00 and $963.30 per note. Please see Additional Information Regarding Our Estimated Value Of The Notes in the accompanying Pricing Supplement for more information.
· Potential for Significant LossThe terms of the notes provide only for a partial return of principal, and you are not guaranteed any return of principal. If the Index Return is less than -30.00%, you will lose 1.00% of the principal amount of your notes for every 1.00% that the Index Return falls below - 30.00%. You may lose up to 70.00% of the principal amount of your notes. Any paymeny on the notes, including the repayment of principal, is subject tp the credit risk of Barclays Bank PLC.
· Payment at Maturity Is Based Solely on the Closing Level on the Final Valuation DateThe Final Level and the Index Return will be based solely on the Closing Level of the Index on the Final Valuation Date (as compared to the Initial Level). Therefore, if the level of the Index drops on or before the Final Valuation Date, then the Payment at Maturity you may receive on the notes may be significantly less than it would have been had such payment been linked to the level(s) of the Index at any time prior to such drop.
· Return Linked Only to Least Performing IndexYour return on the notes will be determined based soley on the performance of the Least Performing Index, regardless of the performance of the other Index. |
Summary Risk Considerations
· Credit of IssuerThe notes are senior unsecured debt obligations of the Issuer and are not, either directly or indirectly, an obligation of any third party. In the event the Issuer were to default on its obligations, you may not receive any amounts owed to you, including any payment at maturity under the terms of the notes.
· U.K. Bail-In PowerEach holder of notes acknowledges, accepts, and agrees to be bound by, and consents to the exercise of, any U.K. Bail-in Power by the relevant U.K. resolution authority, which may be exercised so as to result in you losing all or a part of the value of your investment in the notes or receiving a different security from the notes that is worth significantly less than the notes. Please see Consent to U.K. Bail-In Power in the accompanying Pricing Supplement for more information.
· Historical PerformanceThe historical performance of the Indices is not an indication of the future performance of the Indices over the term of the notes.
· Conflict of InterestIn connection with our normal business activities and in connection with hedging our obligations under the notes, we and our affiliates play a variety of roles in connection with the notes, including acting as calculation agent and as a market-maker for the notes. In each of these roles, our and our affiliates economic interests may be adverse to your interests as an investor in the notes.
· Lack of LiquidityThe notes will not be listed on any securities exchange. There may be no secondary market for the notes or, if there is a secondary market, there may be insufficient liquidity to allow you to sell the notes easily.
· Tax TreatmentSignificant aspects of the tax treatment of the notes are uncertain. You should consult your tax advisor about your tax situation.
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In addition to the summary risks and characteristics of the notes discussed under the headings above, you should carefully consider the risks discussed under the heading Selected Risk Considerations in the accompanying Pricing Supplement and under the heading Risk Factors in the accompanying prospectus supplement.
Other Information
This fact sheet is a general summary of the terms and conditions of this offering of notes. The Issuer has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (the SEC) for this offering of notes. Before you invest, you should read carefully the full description of the terms and conditions of, and risks associated with investing in, the notes contained in the Pricing Supplement as well as the information contained in the accompanying prospectus supplement and prospectus that are incorporated by reference in the Pricing Supplement. The Pricing Supplement, as filed with the SEC, is available at the following hyperlink:
https://www.creativeservices.barclays/docs/200007927/06746XJ38.pdf
You may access the prospectus supplement and prospectus that are incorporated by reference in the Pricing Supplement by clicking on the respective hyperlink for each document included in the Pricing Supplement under the heading Additional Documents Related To The Offering Of The Notes, or by requesting such documents from the Issuer or any underwriter or dealer participating in this offering. We strongly advise you to carefully read these documents before investing in the notes.
You may revoke your offer to purchase the notes at any time prior to the Initial Valuation Date. We reserve the right to change the terms of, or reject any offer to purchase, the notes prior to the Initial Valuation Date. In the event of any changes to the terms of the notes, we will notify you and you will be asked to accept such changes in connection with your purchase of the notes. You may choose to reject such changes, in which case we may reject your offer to purchase the notes. |
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