Bond Barclay PLC 0% ( FR0013412251 ) in EUR

Barclay PLC

100 % ▼

United Kingdom

FR0013412251 ( in EUR )

12/07/2027

Prospectus brochure of the bond Barclays PLC FR0013412251 en EUR 0%, maturity 12/07/2027

1 000 EUR

30 000 000 EUR

Barclays PLC is a British multinational banking and financial services corporation headquartered in London, offering a wide range of services including personal and corporate banking, investment banking, and wealth management.

Barclays PLC issued a EUR 30,000,000 bond (ISIN: FR0013412251) maturing on July 12, 2027, with a 0% coupon rate, trading at 100% of par value, minimum purchase size of 1000, and paying annually.

OFFERING CIRCULAR

BARCLAYS BANK PLC
(Incorporated with limited liability in England and Wales)
Legal Entity Identifier (LEI): G5GSEF7VJP5I7OUK5573
Pursuant to the Global Structured Securities Programme
What is this document?
This document, as supplemented from time to time by any supplemental offering circular (a
"Supplemental Offering Circular"), is an offering circular (this "Offering Circular"), describing
certain Securities (as defined below) that may be offered and issued by Barclays Bank PLC (the "Issuer")
under its Global Structured Securities Programme (the "Programme"). This document may be
supplemented using a Supplemental Offering Circular from time to time to reflect any significant new
factor, material mistake or inaccuracy relating to the information included in it.
This Offering Circular has not been submitted to, reviewed by or approved by the United Kingdom
Financial Conduct Authority in its capacity as competent authority under the Financial Services
and Markets Act 2000 (as amended, the "FSMA") or by any competent authority in the European
Union or by any stock exchange which constitutes a UK regulated market for the purposes of
Regulation (EU) No 600/2014 as it forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 (as amended, the "EUWA") (as amended, "UK MiFIR") or a regulated
market for the purposes of Directive 2014/65/EU (as amended, "MiFID II").
This means that this Offering Circular does not comprise (i) a base prospectus for the purposes of
(a) Regulation (EU) 2017/1129 as it forms part of UK domestic law by virtue of the EUWA (as
amended, the "UK Prospectus Regulation") or (b) Article 8 of Regulation (EU) 2017/1129 (as
amended, the "EU Prospectus Regulation") or (i ) listing particulars for the purposes of (a) Section
79 of the FSMA or (b) any rules or regulations related to a listing on any regulated market under
MiFID II.
As a result of this Offering Circular not having been approved by any regulatory authority in its
capacity as a competent authority in the UK or the EU, you should be aware that:

this Offering Circular may not include the type, level and detail of disclosure required by the
UK Prospectus Regulation, the EU Prospectus Regulation or other UK or EU legislation
concerning disclosure requirements; and

if you acquire Securities you will not have any recourse to the Issuer under the liability regime
relating to the UK Prospectus Regulation or the EU Prospectus Regulation, including but not
limited to provisions for compensation arising under Section 90 of the FSMA or any similar
legislation of the relevant Member States of the European Economic Area.
This Offering Circular has been prepared on the basis that (a) any offer of Securities in the United
Kingdom will be made under an exemption in the UK Prospectus Regulation from the requirement to
publish a prospectus for offers of such Securities and (b) any offer of Securities in a Member State of the
European Economic Area will be made under an exemption in the EU Prospectus Regulation from the
requirement to publish a prospectus for offers of such Securities. Accordingly, if you are making or
intending to make an offer of Securities to which this Offering Circular as supplemented from time to
time (by any Supplemental Offering Circular) relates, as amended or supplemented by the Pricing
Supplement in the United Kingdom or any Member State of the European Economic Area, you must
only do so in circumstances where no obligation to publish a prospectus under Section 85 of the FSMA
or Article 3 of the EU Prospectus Regulation, as the case may be, arises. The Issuer has not authorised
and will not authorise any offer of Securities which would require the Issuer or any other entity to publish
a prospectus in respect of such offer.

1

This Offering Circular was approved as a base prospectus on 13 April 2023 (referred to as a "Swiss
Base Prospectus" in this Offering Circular) in Switzerland by SIX Exchange Regulation AG ("SIX
Exchange Regulation") in its capacity as Swiss Prospectus Office within the meaning of the Swiss
Federal Act on Financial Services of 15 June 2018 ("FinSA"). The Securities consist of derivative
components and do not qualify as units of a col ective investment scheme according to the relevant
provisions of the Swiss Federal Act on Collective Investment Schemes of 23 June 2006 ("CISA"),
as amended, and are not registered thereunder. Therefore, the Securities are neither governed by
the CISA nor supervised by the Swiss Financial Market Supervisory Authority ("FINMA").
Accordingly, investors do not have the benefit of the specific investor protection provided under
the CISA.
If and to the extent the Securities will be publicly offered, directly or indirectly, in Switzerland in the
meaning of the FinSA or if the Securities shall be admitted to trading on a Swiss trading venue in the
sense of the Swiss Federal Financial Market Infrastructure Act of 19 June 2015 ("FMIA"), e.g. SIX
Swiss Exchange AG (the "SIX Swiss Exchange"), a prospectus pursuant to the requirements of Article
40 et seq. FinSA is required (the Securities not falling into the scope of the requirement to be issued
under a prospectus in the sense of the FinSA are hereinafter referred to as the "FinSA Exempt
Securities"). Such requirement will be met by an issuance under (i) a Pricing Supplement (as defined
below) prepared on the basis of the pro forma Pricing Supplement in this Offering Circular that does not
specify the Securities as FinSA Exempt Securities and (ii) depositing the relevant Pricing Supplement as
soon as in final form and in any case prior to any public offering in Switzerland or admission to trading
in Switzerland of such Securities with a Swiss Prospectus Office in accordance with the requirements of
FinSA. The Securities other than FinSA Exempt Securities may be publicly offered on the basis of this
Offering Circular and the Pricing Supplement pertaining to the Securities in Switzerland in accordance
with the requirements of the FinSA.
Who is the Issuer?
The Issuer of the Securities is Barclays Bank PLC. The payment of any amount and the delivery of any
property due under the Securities is subject to the Issuer's financial position and its ability to meet its
obligations.
What type of Securities may be issued under this Offering Circular?
Securities issued under the Offering Circular may be in the form of notes ("Notes"), redeemable
certificates ("Redeemable Certificates"), exercisable certificates ("Exercisable Certificates" and
together with Redeemable Certificates, "Certificates") or warrants ("Warrants" and together with the
Notes, Redeemable Certificates and Exercisable Certificates, the "Securities"). The Securities may be
redeemable and issued in Note or Redeemable Certificate form or they may be exercisable and issued in
Warrant or Exercisable Certificate form.
Securities may have (a) a scheduled maturity; (b) be listed and traded on a non-regulated (or other)
market, or not listed or traded; (c) be non-interest bearing or bear fixed or floating rate interest or; (d)
have interest and/or redemption amounts which are dependent on the performance of one or more
"Underlying Assets"; (e) be settled by way of cash payment or physical delivery; and (f) provide that the
scheduled redemption amount payable could be as low as zero or else provide some level of minimum
scheduled redemption amount payable at maturity (subject to the credit risk of the Issuer). See also
'Commonly Asked Questions' and in particular Commonly Asked Question No. 2 (What type of Securities
can be issued under this Offering Circular?).
In addition, the Issuer may issue Green Notes, Social Notes, Green & Social Notes and Barclays ESG
Index Linked Securities under this Offering Circular. See "Information relating to Green and/or Social
Notes and Barclays ESG Index Linked Securities" below.
How do I use this Offering Circular?
This Offering Circular, together with certain other documents listed within it, is intended to provide you
with information necessary to enable you to make an informed investment decision before you purchase
any Securities. Before investing in the Securities, you should carefully read this Offering Circular
(including the documents incorporated by reference within it), and the Pricing Supplement (as described
below) in respect of the relevant Securities, including the description of the risks relating to the Securities

2

and to the Issuer. This Offering Circular includes certain information in respect of the Securities together
with other general information such as information about the material risks relating to investing in
Securities (see 'Risk Factors' below) and a list of commonly asked questions and replies (see 'Commonly
Asked Questions'). This Offering Circular incorporates by reference information describing the business
activities of Barclays Bank PLC and its subsidiaries as well as certain financial information and material
risks faced by it and its subsidiaries. See also 'Commonly Asked Questions' and in particular Commonly
Asked Question No. 7 (What are the terms and conditions of the Securities?).
What type of Underlying Assets can the Securities be linked to?
Payments and/or deliveries under the terms of the Securities under this Offering Circular may be linked
to the performance of one or more equity indices, mutual fund indices, Barclays Indices (including
Barclays ESG Indices), shares, depository receipts representing shares, exchange traded funds, actively
managed certificates, debt instruments, currencies, commodities, commodity indices, mutual funds,
inflation rates, interest rates, credit risk of one or more reference entities, FX indices and/or foreign
exchange rates as shall be specified in the Pricing Supplement in respect of the relevant Securities.
Will the Securities be admitted to trading and listing on an exchange?
Securities issued pursuant to the Programme under this Offering Circular may be unlisted or an
application may be made for Securities to be listed on any stock exchange other than any stock exchange
or market which constitutes a UK regulated market for the purposes of UK MiFIR or a regulated market
for the purposes of MiFID II.
As of the date of this Offering Circular:
(a)
this Offering Circular has been approved by the Irish Stock Exchange plc trading as Euronext
Dublin ("Euronext Dublin") as 'Listing Particulars' for the purposes of the rules of the Global
Exchange Market ("GEM") of Euronext Dublin. Securities issued under this Offering Circular
may for a period of 12 months from the date of this Offering Circular be admitted to listing on
the official list of and trading on the GEM of Euronext Dublin;
(b)
this Offering Circular has been approved by the Luxembourg Stock Exchange (the
"Luxembourg Stock Exchange") in its capacity as competent authority under Part IV of the
Prospectus Law 2019 Securities issued under this Offering Circular may for a period of 12
months from the date of this Offering Circular be listed on the official list and admitted to trading
on the Euro MTF market (the "Euro MTF") of the Luxembourg Stock Exchange;
(c)
this Offering Circular has been approved by the Gibraltar Stock Exchange (the "Gibraltar
Stock Exchange") as 'Listing Particulars' for the purposes of the rules of the Global Market (the
"Global Market") of the Gibraltar Stock Exchange. Securities issued under this Offering
Circular may for a period of 12 months from the date of this Offering Circular be admitted to
listing on the official list of and trading on the Gibraltar Stock Exchange; and
(d)
this Offering Circular has been approved by the SIX Exchange Regulation in its capacity as
Swiss Prospectus Office within the meaning of the FinSA. Securities issued under this Offering
Circular may for a period of 12 months from the date of this Offering Circular be admitted to
listing on the official list of and trading on the official list of SIX Swiss Exchange and trading
on the structured products platform (the "SIX platform") of SIX Swiss Exchange.
None of GEM, the Euro MTF, the Global Market of the Gibraltar Stock Exchange or the SIX platform
is a UK regulated market for the purposes of UK MiFIR or a regulated market for the purposes of MiFID
II.
The Pricing Supplement will indicate if the Securities are unlisted or if application has been or will be
made for them to be listed and, in the case of listed Securities, the relevant official list, market and stock
exchange. Any application will be subject to the requirements of any such stock exchange and/or
approval by any relevant body and no assurance is given that such listing will be obtained or thereafter
maintained.
References in this Offering Circular to Securities being 'listed' (and all related references) shall mean that
such Securities have been listed on the relevant official list and (if so specified in the Pricing Supplement)

3

admitted to trading on the GEM, the Euro MTF, the Global Market of the Gibraltar Stock Exchange, the
SIX platform or such other stock exchange, each as identified in the Pricing Supplement.
Commissione Nazionale per le Società e la Borsa ("CONSOB") and Borsa Italiana S.p.A. ("Borsa
Italiana") have neither examined nor approved the content of this document.
What is a Pricing Supplement?
A pricing supplement document (the "Pricing Supplement") shall be prepared in respect of each issue
of Securities. The Pricing Supplement will include other important information in relation to the
particular issue of Securities such as, for example, payment and maturity dates, amounts, rates and (if
applicable) the Underlying Asset(s) on which the return on the Securities will be dependent. See also
'Commonly Asked Questions' and, in particular, Commonly Asked Question No. 6 (What information is
included in the Pricing Supplement?).
Important Notice
The Securities may not be offered, sold, transferred, pledged, assigned, delivered, exercised or redeemed
within the United States or to, or for the account or benefit of, any U.S. person except, in respect of
certain Securities, in accordance with Rule 144A under the U.S. Securities Act of 1933, or if another
exemption from registration under that act is available.

13 April 2023

4

Important Information
IMPORTANT INFORMATION
IMPORTANT UK RETAIL INVESTORS
Unless the Pricing Supplement in respect of any Securities specifies the "Prohibition of Sales to UK
Retail Investors" as "Not Applicable", the Securities are not intended to be offered, sold or otherwise
made available to, and should not be offered, sold or otherwise made available to, any retail investor in
the United Kingdom. For these purposes, a retail investor means a person who is one (or more) of: (i) a
retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of UK
domestic law by virtue of the European Union (Withdrawal) Act 2018 (as amended, the "EUWA"); or
(ii) a customer within the meaning of the provisions of the Financial Services and Markets Act 2000 (as
amended, the "FSMA") and any rules or regulations made under the FSMA to implement Directive (EU)
2016/97, where that customer would not qualify as a professional client, as defined in point (8) of Article
2(1) of Regulation (EU) No 600/2014 as it forms part of UK domestic law by virtue of the EUWA; or
(iii) not a qualified investor as defined in Article 2 of Regulation (EU) 2017/1129 as it forms part of UK
domestic law by virtue of the EUWA (as amended, the "UK Prospectus Regulation"). Consequently no
key information document required by Regulation (EU) No 1286/2014 as it forms part of UK domestic
law by virtue of the EUWA (as amended, the "UK PRIIPs Regulation") for offering or selling the
Securities or otherwise making them available to retail investors in the United Kingdom has been
prepared and therefore offering or selling the Securities or otherwise making them available to any retail
investor in the United Kingdom may be unlawful under the UK PRIIPs Regulation.
IMPORTANT EEA RETAIL INVESTORS
Unless the Pricing Supplement in respect of any Securities specifies the "Prohibition of Sales to EEA
Retail Investors" as "Not Applicable", the Securities are not intended to be offered, sold or otherwise
made available to, and should not be offered, sold or otherwise made available to, any retail investor in
the European Economic Area. For these purposes, a retail investor means a person who is one (or more)
of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended,
"MiFID II"); (ii) a customer within the meaning of Directive (EU) 2016/97, as amended, where that
customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II;
or (iii) not a qualified investor as defined in Regulation (EU) 2017/1129 (as amended, the "EU
Prospectus Regulation"). Consequently no key information document required by Regulation (EU) No
1286/2014 (as amended, the "EU PRIIPs Regulation") for offering or selling the Securities or otherwise
making them available to retail investors in the European Economic Area has been prepared and therefore
offering or selling the Securities or otherwise making them available to any retail investor in the
European Economic Area may be unlawful under the EU PRIIPs Regulation.
Swiss Retail Clients
The Securities are only intended to be publicly offered, directly or indirectly, in Switzerland within the
meaning of FinSA or admitted to trading in Switzerland in accordance with FinSA if the relevant Pricing
Supplement pertaining to the Securities is registered with SIX Exchange Regulation in its capacity as
Swiss Prospectus Office pursuant to FinSA as soon as in final form and in any case prior to any public
offering in Switzerland or admission to trading in Switzerland of such Securities in accordance with the
requirements of FinSA. Furthermore, the Securities may only be offered to Retail Clients in Switzerland
if a key investor document (Basisinformationsblatt) in the sense of Article 58 et seq. of FinSA relating
to the Securities (a "FinSA-KID") or a key information document pursuant to the PRIIPs Regulation has
been prepared and provided to the relevant Retail Client.
No investment advice
None of this Offering Circular, any Supplemental Offering Circular or any Pricing Supplement is, nor
does it purport to be, investment advice or a recommendation. Unless expressly agreed otherwise with a
particular investor, none of the Issuer or any Manager is acting as an investment adviser or providing
advice of any other nature, or assumes any fiduciary obligation, to any investor in Securities.
Responsibility
The Issuer accepts responsibility for the information contained in this Offering Circular. Having taken
all reasonable care to ensure that such is the case, the information contained in this Offering Circular is,

5

Important Information
to the best of their knowledge, in accordance with the facts and contains no omission likely to affect its
import.
The Pricing Supplement will (if applicable) specify the nature of the responsibility taken by the Issuer
for the information relating to any Underlying Asset to which relevant Securities relate and which is
contained in such Pricing Supplement.
Third-party information
None of the Issuer, the Managers or any of their Affiliates accepts responsibility for the accuracy or
completeness of the information set forth in this Offering Circular concerning any Underlying Assets or
credit ratings or makes any representation that there has not occurred any event which would affect the
accuracy or completeness of such information, provided that the Issuer confirms that any information
from third party sources has been accurately reproduced and that, so far as it is aware and is able to
ascertain from information published by such third party source, no facts have been omitted which would
render the reproduced information inaccurate or misleading.
Ratings
As of the date of this Offering Circular, the short-term unsecured obligations of the Issuer are rated A-1
by S&P Global Ratings UK Limited ("Standard & Poor's")1, P-1 by Moody's Investors Service Ltd.
("Moody's")2, and F1 by Fitch Ratings Limited ("Fitch")3 and the long-term unsecured unsubordinated
obligations of the Issuer are rated A by Standard & Poor's4, A1 by Moody's5, and A+ by Fitch6.
Independent evaluation
Nothing set out or referred to in this Offering Circular or supplied in connection with the Programme or
any Securities is intended to provide the basis of any credit or other evaluation (except in respect of any
purchase of Securities described herein) or should be considered as a recommendation by the Issuer or
any Manager that any recipient of this Offering Circular (or any document referred to herein) or any
information supplied in connection with the Programme or any Securities should purchase any Securities.
A prospective investor should not purchase the Securities unless they understand the extent of their
exposure to potential loss. Prospective investors are urged to read the factors described in the section
headed 'Risk Factors', together with the other information in this Offering Circular (including any
information incorporated by reference), as supplemented from time to time by any Supplemental
Offering Circular, and the Pricing Supplement, before investing in the Securities.
Prospective investors should note that the risks described in the section headed 'Risk Factors' are not the
only risks that the Issuer faces or that may arise because of the nature of the Securities. The Issuer has
described only those risks relating to its operations and to the Securities that it considers to be material.

Notes on Issuer ratings: The information in these footnotes has been extracted from information made available by each rating agency (as at the
date of this Offering Circular) referred to below. The Issuer confirms that such information has been accurately reproduced and that, so far as the
Issuer is aware, and is able to ascertain from information published by such rating agencies, no facts have been omitted which would render the
reproduced information inaccurate or misleading.
1 A short-term obligation rated 'A-1' is rated in the highest category by S&P Global Ratings. The obligor's capacity to meet its financial commitments
on the obligation is strong. Within this category, certain obligations are designated with a plus sign (+). This indicates that the obligor's capacity to
meet its financial commitments on these obligations is extremely strong.
2 Ratings of Prime-1 reflect a superior ability to repay short-term obligations.
3 An 'F1' rating indicates the strongest intrinsic capacity for timely payment of financial commitments; may have an added "+" to denote any
exceptionally strong credit feature.
4 An obligation rated 'A' is somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than obligations
in higher-rated categories. However, the obligor's capacity to meet its financial commitments on the obligation is still strong. Ratings from 'AA' to
'CCC' may be modified by the addition of a plus (+) or minus (-) sign to show relative standing within the rating categories.
5 Obligations rated 'A' are judged to be upper-medium grade and are subject to low credit risk. Note: Moody's appends numerical modifiers 1, 2, and
3 to each generic rating classification from 'Aa' through 'Caa'. The modifier 1 indicates that the obligation ranks in the higher end of its generic rating
category; the modifier 2 indicates a mid-range ranking; and the modifier 3 indicates a ranking in the lower end of that generic rating category.
6 'A' ratings denote expectations of low default risk. The capacity for payment of financial commitments is considered strong. This capacity may,
nevertheless, be more vulnerable to adverse business or economic conditions than is the case for higher ratings.

6

Important Information
There may be additional risks that the Issuer currently considers not to be material or of which it is not
currently aware.
Given the nature, complexity and risks inherent in the Securities (and investments relating to any
Underlying Asset), the Securities may not be suitable for an investor's investment objectives in the light
of his or her financial circumstances. Prospective investors should conduct their own independent
investigations into the financial condition, affairs of and their own appraisal of the creditworthiness of
the Issuer, the suitability of the relevant Securities as an investment in light of their own circumstances
and financial condition and the relevant Underlying Asset(s) and after due consideration of an investment
linked to any relevant Underlying Asset(s). In deciding whether to purchase Securities, prospective
investors should form their own views of the merits of such an investment based upon such investigations
and not in reliance solely upon any information given in this Offering Circular, any applicable Relevant
Annex(es) ("Relevant Annex") and/or the Pricing Supplement. Prospective investors should consider
seeking independent advice to assist them in determining whether the Securities are a suitable investment
for them or to assist them in evaluating the information contained or incorporated by reference into this
Offering Circular, contained in a Supplemental Offering Circular, set out in the Pricing Supplement or
received as a result of their own investigations.
Tax
None of the Issuer or any Manager or Agent makes any representation or warranty as to the tax
consequences of an investment in Securities and/or the tax consequences of the acquisition, holding,
transfer or disposal of the Securities by any investor (including, without limitation, whether any stamp
duty, stamp duty reserve tax, excise, severance, sales, use, transfer, documentary or any other similar tax,
duty or charge may be imposed, levied, collected, withheld or assessed by any government, applicable
tax authority or jurisdiction on the acquisition, holding, transfer or disposal of Securities by any investor).
While the attention of prospective investors is drawn to the section entitled 'Taxation', the tax
consequences for each prospective investor in Securities can be different. Therefore, prospective
investors should consider consulting with their tax advisers as to their specific consequences.
Change of circumstances
The delivery of any of the Offering Circular, any Supplemental Offering Circular, any Relevant
Annex(es) and the Pricing Supplement for a Series (together the "Offering Documents") and any sale
of Securities pursuant thereto does not mean (and a prospective investor must not assume) that
information relating to the Issuer is correct at any time subsequent to the date of such document or that
any other information supplied in connection with the Programme is correct as of any time subsequent
to the date of such document.
Unauthorised representations and solicitations
In connection with the issue and sale of Securities, no person has been authorised to give any information
or to make any representation not contained in or consistent with the Offering Documents and, if given
or made, such information or representation must not be relied upon as having been authorised by the
Issuer or any Manager. The Issuer does not accept responsibility for any information not contained in the
Offering Documents. The Issuer or any Manager does not make any representation or warranty
whatsoever or accept any responsibility with respect to any Underlying Asset or to the effect or possible
effect of the linking of any exercise rights, payments or deliveries due under the Securities to the
performance of any Underlying Asset(s).
Distribution
The distribution or delivery of the Offering Documents and any offer or sale of the Securities in certain
jurisdictions may be restricted by law (which may include, without limitation, a maximum limit and/or
quota on the Securities that may be offered, sold or otherwise made available per year or other period in
the relevant jurisdiction - see 'Purchase and Sale' below). This document does not constitute, and may
not be used for the purposes of, an offer or solicitation by anyone in any jurisdiction in which such offer
or solicitation is not authorised or to any person to whom it is unlawful to make such offering or
solicitation, and no action is being taken by the Issuer or the Managers to permit an offering of the
Securities or the distribution of this Offering Circular in any jurisdiction where action is required. Persons

7

Important Information
into whose possession the Offering Documents come are required by the Issuer to inform themselves
about and to observe any such restrictions.
The Issuer or the relevant Manager may appoint certain financial intermediaries (each a "Distributor")
to advertise, market, promote, place, offer to sell or solicit offers to subscribe the Securities in certain
jurisdictions. It is the responsibility of such Distributors to acquire and maintain the requisite
qualifications, authorisations, approvals, permits and licenses to perform any advertising, marketing,
promotion, placement, offering or solicitation of offers in relation to the Securities as expressly
authorised by the Issuer or the relevant Manager. Further, it is the responsibility of such Distributors to
observe all applicable laws, regulations, rules, orders or guidelines in respect of the advertising,
marketing, promotion, placement, offering or solicitation of offers of the Securities in the relevant
jurisdictions. The Issuer and the relevant Manager expressly disclaim all liabilities for any violation of
selling restrictions or any unauthorised conduct or representation by the Distributors and investors shall
only look to such Distributors for compensation for any loss or detriment suffered as a result of such
Distributors' violation of selling restrictions or unauthorised conduct or representation.
The Securities and, in certain cases, the Underlying Assets or Entitlement, as the case may be, have not
been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act")
or with any securities regulatory authority of any state or other jurisdiction of the United States, and the
Securities may be in the form of Bearer Securities that are not Cleared Securities and therefore subject
to U.S. tax law requirements. Subject to certain exceptions, Securities may not be offered, sold or, in the
case of Bearer Securities, delivered within the United States or to U.S. persons (as defined in Regulation
S under the Securities Act) or, in the case of a Bearer Security that is not a cleared security, to, or for the
account or benefit of, U.S. persons (as defined in the U.S. Internal Revenue Code of 1986, as amended
and the regulations thereunder).
Details of selling restrictions for various jurisdictions are set out in the section headed 'Purchase and
Sale'. The information contained therein may be amended from time to time by any applicable Relevant
Annex(es) and/or the Pricing Supplement.
U.S. selling restrictions
The Securities are being offered and sold outside the United States to non-U.S. persons in reliance on
Regulation S ("Regulation S") under the Securities Act and may not be offered, or sold within the United
States or to, or for the account or benefit of, U.S. persons, except in certain transactions exempt from the
registration requirements of the Securities Act and applicable state securities laws, provided that, in the
case of Registered Securities only, and where specified to be applicable in the Pricing Supplement for
the relevant Series of Securities, such Securities may be offered and sold within the United States to
persons reasonably believed to be qualified institutional buyers ("QIBs") as defined in and in reliance on
Rule 144A ("Rule 144A") under the Securities Act. Prospective investors are hereby notified that sellers
of the Securities may be relying on the exemption from the provisions of section 5 of the Securities Act
provided by Rule 144A. Trading in the Securities and, as applicable, the Entitlements, has not been
approved by the U.S. Commodity Futures Trading Commission under the U.S. Commodity Exchange
Act of 1936, as amended (the "Commodity Exchange Act") and the rules and regulations promulgated
thereunder. For a description of these and certain further restrictions on offers, sales and transfers of
Securities and distribution of the Offering Documents, see sections entitled 'Purchase and Sale' and
'Clearance and Settlement' set out in this Offering Circular and in any applicable Relevant Annex(es) or
applicable Pricing Supplement.
THE SECURITIES AND, AS APPLICABLE, THE ENTITLEMENTS HAVE NOT BEEN
APPROVED OR DISAPPROVED BY THE U.S. SECURITIES AND EXCHANGE COMMISSION,
ANY STATE SECURITIES COMMISSION IN THE UNITED STATES OR ANY OTHER U.S.
REGULATORY AUTHORITY, NOR HAVE ANY OF THE FOREGOING AUTHORITIES PASSED
UPON OR ENDORSED THE MERITS OF THE OFFERING OF SECURITIES OR, AS
APPLICABLE, ENTITLEMENTS OR THE ACCURACY OR THE ADEQUACY OF THE
OFFERING DOCUMENTS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL
OFFENCE IN THE UNITED STATES.
Definitions relating to Barclays entities

8

Important Information
In this Offering Circular, "Group" and "Barclays" means Barclays PLC together with its subsidiaries
and the terms "Barclays Bank Group" means Barclays Bank PLC together with its subsidiaries.

9

TABLE OF CONTENTS
Page
OVERVIEW
14
This section provides an overview of certain key features of the Programme and key

information contained within this Offering Circular.
RISK FACTORS
25
This section sets out the principal risks inherent in investing in Securities issued pursuant

to the Programme, including key risks relating to investments linked to the Underlying
Asset(s).
FORWARD-LOOKING STATEMENTS
131
This section sets out information on 'forward-looking statements'

INFORMATION INCORPORATED BY REFERENCE
132
This section incorporates past terms and conditions and information regarding the Issuer

and its group from other publicly available documents.
COMMONLY ASKED QUESTIONS
135
This section sets out a list of commonly asked questions and replies about the Offering
Circular and the Securities issued pursuant to the Programme accordingly.
DESCRIPTION OF SECURITIES THAT MAY BE OFFERED UNDER THE
154
SWISS BASE PROSPECTUS
This section describes the types of Securities that may be offered under the Swiss Base

Prospectus.
PRO FORMA PRICING SUPPLEMENTS
165
This section sets out a template for the Pricing Supplements to be used for each specific

issuance of Securities.
TERMS AND CONDITIONS OF THE SECURITIES
310
This section sets out the contractual terms of the Securities as supplemented, completed

or amended by the Relevant Annex(es) and Pricing Supplement.
A. BASE CONDITIONS
312

1. Master Agency Agreement and Deed of Covenant
312

2. Form, Title and Transfer
314

2.1
Form
314

2.2
Denomination and number
316

2.3
Title
317

2.4
Transfers
319

3. Status
324

4. Interest
324

4.1
Interest on Fixed Rate Securities
325

4.2
Interest on Floating Rate Securities
325

4.3
Range Accrual CMS Rate Disruption Fallback Provisions
350

4.4
Zero Coupon Securities
352

4.5
Accrual of Interest
352

5. Redemption of Securities that are Notes or Redeemable Certificates
352

5.1
Redemption and redemption by instalments
353

5.2
Early redemption at the option of Securityholders
354

10