Bond Barclay PLC 0% ( US06747F7217 ) in USD

Barclay PLC

100 % ⇌

United Kingdom

US06747F7217 ( in USD )

04/08/2022 - Bond has expired

Prospectus brochure of the bond Barclays PLC US06747F7217 in USD 0%, expired

1 000 USD

8 746 000 USD

06747F721

N/A

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.

The Bond issued by Barclay PLC ( United Kingdom ) , in USD, with the ISIN code US06747F7217, pays a coupon of 0% per year.
The coupons are paid 2 times per year and the Bond maturity is 04/08/2022

The Bond issued by Barclay PLC ( United Kingdom ) , in USD, with the ISIN code US06747F7217, was rated NR by Moody's credit rating agency.

424B2 1 dp120661_424b2-2873ms.htm FORM 424B2

January 2020
Registration Statement No. 333-232144
Pricing Supplement dated January 31, 2020
Filed pursuant to Rule 424(b)(2)
STRUCTURED INVESTMENTS
Opportunities in U.S. and International Equities
Buffered PLUS Based on the Performance of a Basket of Three Indices due August 4, 2022
Buffe re d Pe rform a nc e Le ve ra ge d U pside Se c urit ie s SM
Princ ipa l a t Risk Se c urit ie s
Unlike conventional debt securities, the Buffered Performance Leveraged Upside SecuritiesSM (the "Buffered PLUS") will pay no
interest and provide a minimum payment at maturity of only 10% of the stated principal amount. If the final basket value is greater
than the initial basket value, at maturity investors will receive the stated principal amount plus the leveraged upside performance of
the basket, subject to the maximum payment at maturity. If the final basket value is less than the initial basket value but not by
more than the buffer amount, at maturity investors will receive the stated principal amount. However, if the final basket value is less
than the initial basket value by more than the buffer amount, at maturity investors will lose 1% of the stated principal amount for
every 1% decline beyond the specified buffer amount, subject to the minimum payment at maturity of 10% of the stated principal
amount. I nve st ors m a y lose up t o 9 0 % of t he st a t e d princ ipa l a m ount of t he Buffe re d PLU S. The Buffered PLUS
are for investors who seek exposure to the basket and who are willing and able to risk a significant portion of their principal and
forgo current income and upside above the maximum payment at maturity in exchange for the leverage and buffer features, which,
in each case, apply to a limited range of performance of the basket. T he Buffe re d PLU S a re unse c ure d a nd
unsubordina t e d de bt obliga t ions of Ba rc la ys Ba nk PLC. Any pa ym e nt on t he Buffe re d PLU S, inc luding a ny
re pa ym e nt of princ ipa l, is subje c t t o t he c re dit w ort hine ss of Ba rc la ys Ba nk PLC a nd is not gua ra nt e e d by
a ny t hird pa rt y. I f Ba rc la ys Ba nk PLC w e re t o de fa ult on it s pa ym e nt obliga t ions or be c om e subje c t t o t he
e x e rc ise of a ny U .K . Ba il-in Pow e r (a s de sc ribe d on pa ge 5 of t his doc um e nt ) by t he re le va nt U .K . re solut ion
a ut horit y, you m ight not re c e ive a ny a m ount s ow e d t o you unde r t he Buffe re d PLU S. Se e "Risk Fa c t ors" a nd
"Conse nt t o U .K . Ba il-in Pow e r" in t his doc um e nt a nd "Risk Fa c t ors" in t he a c c om pa nying prospe c t us
supple m e nt .
FI N AL T ERM S

I ssue r:
Barclays Bank PLC
Re fe re nc e a sse t * :
An equally weighted basket (the "basket") consisting of three equity indices (each, a "basket component"
and, together, the "basket components"). The basket components, the Bloomberg ticker symbol for each
basket component and the weighting of each basket component are as follows:
Ba sk e t Com pone nt
Bloom be rg T ic k e r
We ight ing
Sym bol
Dow Jones Industrial Average® (the "INDU Index")
INDU<Index>
1/3
Russell 2000® Index (the "RTY Index")
RTY<Index>
1/3
EURO STOXX 50® Index (the "SX5E Index")
SX5E<Index>
1/3
Aggre ga t e
$8,745,860
princ ipa l a m ount :
St a t e d princ ipa l
$10 per Buffered PLUS
a m ount :
I nit ia l issue pric e :
$10 per Buffered PLUS (see "Commissions and initial issue price" below)
Pric ing da t e :
January 31, 2020
Origina l issue
February 5, 2020
da t e :
V a lua t ion da t e :
August 1, 2022
M a t urit y da t e :
August 4, 2022
I nt e re st :
None
Pa ym e nt a t
You will receive on the maturity date a cash payment per Buffered PLUS determined as follows:
m a t urit y:
· If the final basket value is greater than the initial basket value:
the lesser of (a) $10 + leveraged upside payment and (b) maximum payment at maturity
· If the final basket value is equal to the initial basket value or less than the initial basket value but not
by more than the buffer amount of 10%:
$10
· If the final basket value is less than the initial basket value by more than the buffer amount of 10%:
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($10 × basket performance factor) + $1.00
This amount will be less than the stated principal amount of $10, but will be at least $1.00. Investors
may lose up to 90% of their initial investment in the Buffered PLUS. Any payment on the
Buffered PLUS, including any repayment of principal, is not guaranteed by any third party and is
subject to (a) the creditworthiness of Barclays Bank PLC and (b) the risk of exercise of any U.K.
Bail-in Power by the relevant U.K. resolution authority.
U .K . Ba il-in Pow e r
Notwithstanding any other agreements, arrangements or understandings between Barclays Bank PLC
a c k now le dgm e nt :
and any holder or beneficial owner of the Buffered PLUS, by acquiring the Buffered PLUS, each holder
and beneficial owner of the Buffered PLUS acknowledges, accepts, agrees to be bound by and consents
to the exercise of, any U.K. Bail-in Power by the relevant U.K. resolution authority. See "Consent to U.K.
Bail-in Power" on page 5 of this document.
M a x im um pa ym e nt
$13.50 per Buffered PLUS (135.00% of the stated principal amount)
a t m a t urit y:
M inim um pa ym e nt
$1.00 per Buffered PLUS (10% of the stated principal amount)
a t m a t urit y:
Le ve ra ge d upside
$10 × leverage factor × basket return
pa ym e nt :
Le ve ra ge fa c t or:
110%
Buffe r a m ount :
10%. As a result of the buffer amount of 10%, the final basket value must be at or above 90.00, which
is 90% of the initial basket value, in order for investors not to suffer a loss on their initial investment in
the Buffered PLUS.
Ba sk e t re t urn:
(final basket value initial basket value) / initial basket value
Ba sk e t
final basket value / initial basket value
pe rform a nc e
fa c t or:

(terms continued on the next page)
Com m issions a nd init ia l
I nit ia l issue
Pric e t o public (1)
Age nt 's
Proc e e ds t o issue r
issue pric e :
pric e (1)
c om m issions
$0.25(2)
Pe r Buffe re d PLU S
$10
$10
$9.70
$0.05(3)
T ot a l
$8,745,860.00
$8,745,860.00
$262,375.80
$8,483,484.20
(1 ) Our e st im a t e d va lue of t he Buffe re d PLU S on t he pric ing da t e , ba se d on our int e rna l pric ing m ode ls, is
$ 9 .6 2 6 pe r Buffe re d PLU S. T he e st im a t e d va lue is le ss t ha n t he init ia l issue pric e of t he Buffe re d PLU S.
Se e "Addit iona l I nform a t ion Re ga rding Our Est im a t e d V a lue of t he Buffe re d PLU S" on pa ge 4 of t his
doc um e nt .
(2 ) M orga n St a nle y We a lt h M a na ge m e nt a nd it s fina nc ia l a dvisors w ill c olle c t ive ly re c e ive from t he a ge nt ,
Ba rc la ys Ca pit a l I nc ., a fix e d sa le s c om m ission of $ 0 .2 5 for e a c h Buffe re d PLU S t he y se ll. Se e
"Supple m e nt a l Pla n of Dist ribut ion" in t his doc um e nt .
(3 ) Re fle c t s a st ruc t uring fe e pa ya ble t o M orga n St a nle y We a lt h M a na ge m e nt by t he a ge nt or it s a ffilia t e s of
$ 0 .0 5 for e a c h Buffe re d PLU S.
One or more of our affiliates may purchase up to 15% of the aggregate principal amount of the Buffered PLUS and hold such
Buffered PLUS for investment for a period of at least 30 days. Accordingly, the total principal amount of the Buffered PLUS may
include a portion that was not purchased by investors on the original issue date. Any unsold portion held by our affiliate(s) may
affect the supply of Buffered PLUS available for secondary trading and, therefore, could adversely affect the price of the Buffered
PLUS in the secondary market. Circumstances may occur in which our interests or those of our affiliates could be in conflict with
your interests.
I nve st ing in t he Buffe re d PLU S involve s risk s not a ssoc ia t e d w it h a n inve st m e nt in c onve nt iona l de bt
se c urit ie s. Se e "Risk Fa c t ors" be ginning on pa ge 1 4 of t his doc um e nt a nd on pa ge S -7 of t he prospe c t us
supple m e nt . Y ou should re a d t his doc um e nt t oge t he r w it h t he re la t e d prospe c t us, prospe c t us supple m e nt
a nd unde rlying supple m e nt , e a c h of w hic h c a n be a c c e sse d via t he hype rlink s be low be fore you m a k e a n
inve st m e nt de c ision.
T he Buffe re d PLU S w ill not be list e d on a ny U .S. se c urit ie s e x c ha nge or quot a t ion syst e m . N e it he r t he U .S.
Se c urit ie s a nd Ex c ha nge Com m ission (t he "SEC") nor a ny st a t e se c urit ie s c om m ission ha s a pprove d or
disa pprove d of t he Buffe re d PLU S or de t e rm ine d t ha t t his doc um e nt is t rut hful or c om ple t e . Any
re pre se nt a t ion t o t he c ont ra ry is a c rim ina l offe nse .
We m a y use t his doc um e nt in t he init ia l sa le of t he Buffe re d PLU S. I n a ddit ion, Ba rc la ys Ca pit a l I nc . or
a not he r of our a ffilia t e s m a y use t his doc um e nt in m a rk e t re sa le t ra nsa c t ions in a ny of t he Buffe re d PLU S
a ft e r t he ir init ia l sa le . U nle ss w e or our a ge nt inform s you ot he rw ise in t he c onfirm a t ion of sa le , t his
doc um e nt is be ing use d in a m a rk e t re sa le t ra nsa c t ion.
T he Buffe re d PLU S c onst it ut e our unse c ure d a nd unsubordina t e d obliga t ions. T he Buffe re d PLU S a re not
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de posit lia bilit ie s of Ba rc la ys Ba nk PLC a nd a re not c ove re d by t he U .K . Fina nc ia l Se rvic e s Com pe nsa t ion
Sc he m e or insure d by t he U .S. Fe de ra l De posit I nsura nc e Corpora t ion or a ny ot he r gove rnm e nt a l a ge nc y or
de posit insura nc e a ge nc y of t he U nit e d St a t e s, t he U nit e d K ingdom or a ny ot he r jurisdic t ion.
Prospe c t us da t e d August 1 , 2 0 1 9
Prospe c t us Supple m e nt da t e d
U nde rlying Supple m e nt da t e d
August 1 , 2 0 1 9
August 1 , 2 0 1 9

Buffered PLUS Based on the Performance of a Basket of Three Indices due August 4, 2022
Buffe re d Pe rform a nc e Le ve ra ge d U pside Se c urit ie s SM
Princ ipa l a t Risk Se c urit ie s
Terms continued from previous page:
I nit ia l ba sk e t
100
va lue :
Fina l ba sk e t
The final basket value will be calculated as follows:
va lue * :
100 × [1 + the aggregate sum, for all basket components, of (component return of each such basket
component × weighting of such basket component)]
Com pone nt re t urn:
The component return of each basket component will equal:
(final component value initial component value) / initial component value
I nit ia l c om pone nt
With respect to the INDU Index: 28,256.03, which is the closing level of that basket component on the
va lue * :
pricing date
With respect to the RTY Index: 1,614.061, which is the closing level of that basket component on the
pricing date
With respect to the SX5E Index: 3,640.91, which is the closing level of that basket component on the
pricing date
Fina l c om pone nt
With respect to each basket component, the closing level of that basket component on the valuation
va lue * :
date
Closing le ve l* :
With respect to each basket component, closing level has the meaning set forth under "Reference
Assets--Indices--Special Calculation Provisions" in the prospectus supplement.
Addit iona l t e rm s:
Terms used in this document, but not defined herein, will have the meanings ascribed to them in the
prospectus supplement.
CU SI P / I SI N :
06747F721 / US06747F7217
List ing:
The Buffered PLUS will not be listed on any securities exchange.
Se le c t e d de a le r:
Morgan Stanley Wealth Management ("MSWM")

*
If a basket component is discontinued or if the sponsor of a basket component fails to publish that basket component, the
calculation agent may select a successor index or, if no successor index is available, will calculate the value to be used as the
closing level of that basket component. In addition, the calculation agent will calculate the value to be used as the closing level
of a basket component in the event of certain changes in or modifications to that basket component. For more information, see
"Reference Assets--Indices--Adjustments Relating to Securities with an Index as a Reference Asset" and "Reference Assets--
Baskets--Adjustments Relating to Securities Linked to a Basket" in the accompanying prospectus supplement.
The valuation date may be postponed if the valuation date is not a scheduled trading day with respect to any basket component
or if a market disruption event occurs with respect to any basket component on the valuation date as described under
"Reference Assets--Indices--Market Disruption Events for Securities with an Index of Equity Securities as a Reference Asset"
and "Reference Assets--Baskets--Scheduled Trading Days and Market Disruption Events for Securities Linked to a Basket of
Equity Securities, Exchange-Traded Funds and/or Indices of Equity Securities" in the accompanying prospectus supplement. In
addition, the maturity date will be postponed if that day is not a business day or if the valuation date is postponed as described
under "Terms of the Notes--Payment Dates" in the accompanying prospectus supplement.

Ba rc la ys Ca pit a l I nc .
January 2020
Page 2

Buffered PLUS Based on the Performance of a Basket of Three Indices due August 4, 2022
Buffe re d Pe rform a nc e Le ve ra ge d U pside Se c urit ie s SM
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Princ ipa l a t Risk Se c urit ie s
Additional Terms of the Buffered PLUS

You should read this document together with the prospectus dated August 1, 2019, as supplemented by the prospectus
supplement dated August 1, 2019 relating to our Global Medium-Term Notes, Series A, of which the Buffered PLUS are a part, and
the underlying supplement dated August 1, 2019. This document, together with the documents listed below, contains the terms of
the Buffered PLUS and supersedes all prior or contemporaneous oral statements as well as any other written materials including
preliminary or indicative pricing terms, correspondence, trade ideas, structures for implementation, sample structures, brochures or
other educational materials of ours. You should carefully consider, among other things, the matters set forth under "Risk Factors" in
the prospectus supplement, as the Buffered PLUS involve risks not associated with conventional debt securities. We urge you to
consult your investment, legal, tax, accounting and other advisors before you invest in the Buffered PLUS.

You may access these documents on the SEC website at www.sec.gov as follows (or if such address has changed, by reviewing
our filings for the relevant date on the SEC website):

Prospectus dated August 1, 2019:
http://www.sec.gov/Archives/edgar/data/312070/000119312519210880/d756086d424b3.htm

Prospectus supplement dated August 1, 2019:
http://www.sec.gov/Archives/edgar/data/312070/000095010319010190/dp110493_424b2-prosupp.htm

Underlying supplement dated August 1, 2019:
http://www.sec.gov/Archives/edgar/data/312070/000095010319010191/dp110497_424b2-underlying.htm

Our SEC file number is 1-10257 and our Central Index Key, or CIK, on the SEC website is 0000312070. As used in this document,
"we," "us" and "our" refer to Barclays Bank PLC.

In connection with this offering, Morgan Stanley Wealth Management is acting in its capacity as a selected dealer.

January 2020
Page 3

Buffered PLUS Based on the Performance of a Basket of Three Indices due August 4, 2022
Buffe re d Pe rform a nc e Le ve ra ge d U pside Se c urit ie s SM
Princ ipa l a t Risk Se c urit ie s
Additional Information Regarding Our Estimated Value of the Buffered PLUS

Our internal pricing models take into account a number of variables and are based on a number of subjective assumptions, which
may or may not materialize, typically including volatility, interest rates and our internal funding rates. Our internal funding rates
(which are our internally published borrowing rates based on variables, such as market benchmarks, our appetite for borrowing and
our existing obligations coming to maturity) may vary from the levels at which our benchmark debt securities trade in the secondary
market. Our estimated value on the pricing date is based on our internal funding rates. Our estimated value of the Buffered PLUS
might be lower if such valuation were based on the levels at which our benchmark debt securities trade in the secondary market.

Our estimated value of the Buffered PLUS on the pricing date is less than the initial issue price of the Buffered PLUS. The
difference between the initial issue price of the Buffered PLUS and our estimated value of the Buffered PLUS results from several
factors, including any sales commissions to be paid to Barclays Capital Inc. or another affiliate of ours, any selling concessions,
discounts, commissions or fees to be allowed or paid to non-affiliated intermediaries, the estimated profit that we or any of our
affiliates expect to earn in connection with structuring the Buffered PLUS, the estimated cost that we may incur in hedging our
obligations under the Buffered PLUS, and estimated development and other costs that we may incur in connection with the
Buffered PLUS.

Our estimated value on the pricing date is not a prediction of the price at which the Buffered PLUS may trade in the secondary
market, nor will it be the price at which Barclays Capital Inc. may buy or sell the Buffered PLUS in the secondary market. Subject
to normal market and funding conditions, Barclays Capital Inc. or another affiliate of ours intends to offer to purchase the Buffered
PLUS in the secondary market but it is not obligated to do so.
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Assuming that all relevant factors remain constant after the pricing date, the price at which Barclays Capital Inc. may initially buy or
sell the Buffered PLUS in the secondary market, if any, and the value that we may initially use for customer account statements, if
we provide any customer account statements at all, may exceed our estimated value on the pricing date for a temporary period
expected to be approximately 40 days after the initial issue date of the Buffered PLUS because, in our discretion, we may elect to
effectively reimburse to investors a portion of the estimated cost of hedging our obligations under the Buffered PLUS and other
costs in connection with the Buffered PLUS that we will no longer expect to incur over the term of the Buffered PLUS. We made
such discretionary election and determined this temporary reimbursement period on the basis of a number of factors, which may
include the tenor of the Buffered PLUS and/or any agreement we may have with the distributors of the Buffered PLUS. The amount
of our estimated costs that we effectively reimburse to investors in this way may not be allocated ratably throughout the
reimbursement period, and we may discontinue such reimbursement at any time or revise the duration of the reimbursement period
after the initial issue date of the Buffered PLUS based on changes in market conditions and other factors that cannot be predicted.

We urge you t o re a d "Risk Fa c t ors" be ginning on pa ge 1 4 of t his doc um e nt .

January 2020
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Buffered PLUS Based on the Performance of a Basket of Three Indices due August 4, 2022
Buffe re d Pe rform a nc e Le ve ra ge d U pside Se c urit ie s SM
Princ ipa l a t Risk Se c urit ie s
Consent to U.K. Bail-in Power

N ot w it hst a nding a ny ot he r a gre e m e nt s, a rra nge m e nt s or unde rst a ndings be t w e e n us a nd a ny holde r or
be ne fic ia l ow ne r of t he Buffe re d PLU S, by a c quiring t he Buffe re d PLU S, e a c h holde r a nd be ne fic ia l ow ne r of
t he Buffe re d PLU S a c k now le dge s, a c c e pt s, a gre e s t o be bound by a nd c onse nt s t o t he e x e rc ise of, a ny
U .K . Ba il-in Pow e r by t he re le va nt U .K . re solut ion a ut horit y.

Under the U.K. Banking Act 2009, as amended, the relevant U.K. resolution authority may exercise a U.K. Bail-in Power in
circumstances in which the relevant U.K. resolution authority is satisfied that the resolution conditions are met. These conditions
include that a U.K. bank or investment firm is failing or is likely to fail to satisfy the Financial Services and Markets Act 2000 (the
"FSMA") threshold conditions for authorization to carry on certain regulated activities (within the meaning of section 55B FSMA) or,
in the case of a U.K. banking group company that is a European Economic Area ("EEA") or third country institution or investment
firm, that the relevant EEA or third country relevant authority is satisfied that the resolution conditions are met in respect of that
entity.

The U.K. Bail-in Power includes any write-down, conversion, transfer, modification and/or suspension power, which allows for (i)
the reduction or cancellation of all, or a portion, of the principal amount of, interest on, or any other amounts payable on, the
Buffered PLUS; (ii) the conversion of all, or a portion, of the principal amount of, interest on, or any other amounts payable on, the
Buffered PLUS into shares or other securities or other obligations of Barclays Bank PLC or another person (and the issue to, or
conferral on, the holder or beneficial owner of the Buffered PLUS such shares, securities or obligations); and/or (iii) the amendment
or alteration of the maturity of the Buffered PLUS, or amendment of the amount of interest or any other amounts due on the
Buffered PLUS, or the dates on which interest or any other amounts become payable, including by suspending payment for a
temporary period; which U.K. Bail-in Power may be exercised by means of a variation of the terms of the Buffered PLUS solely to
give effect to the exercise by the relevant U.K. resolution authority of such U.K. Bail-in Power. Each holder and beneficial owner of
the Buffered PLUS further acknowledges and agrees that the rights of the holders or beneficial owners of the Buffered PLUS are
subject to, and will be varied, if necessary, solely to give effect to, the exercise of any U.K. Bail-in Power by the relevant U.K.
resolution authority. For the avoidance of doubt, this consent and acknowledgment is not a waiver of any rights holders or
beneficial owners of the Buffered PLUS may have at law if and to the extent that any U.K. Bail-in Power is exercised by the
relevant U.K. resolution authority in breach of laws applicable in England.

For m ore inform a t ion, ple a se se e "Risk Fa c t ors--Y ou m a y lose som e or a ll of your inve st m e nt if a ny U .K .
ba il-in pow e r is e x e rc ise d by t he re le va nt U .K . re solut ion a ut horit y" in t his doc um e nt a s w e ll a s "U .K . Ba il-in
Pow e r," "Risk Fa c t ors--Risk s Re la t ing t o t he Se c urit ie s Ge ne ra lly--Re gula t ory a c t ion in t he e ve nt a ba nk or
inve st m e nt firm in t he Group is fa iling or lik e ly t o fa il c ould m a t e ria lly a dve rse ly a ffe c t t he va lue of t he
se c urit ie s" a nd "Risk Fa c t ors--Risk s Re la t ing t o t he Se c urit ie s Ge ne ra lly--U nde r t he t e rm s of t he
se c urit ie s, you ha ve a gre e d t o be bound by t he e x e rc ise of a ny U .K . Ba il-in Pow e r by t he re le va nt U .K .
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re solut ion a ut horit y" in t he a c c om pa nying prospe c t us supple m e nt .

January 2020
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Buffered PLUS Based on the Performance of a Basket of Three Indices due August 4, 2022
Buffe re d Pe rform a nc e Le ve ra ge d U pside Se c urit ie s SM
Princ ipa l a t Risk Se c urit ie s
Investment Summary

Buffe re d Pe rform a nc e Le ve ra ge d U pside Se c urit ie s

Princ ipa l a t Risk Se c urit ie s

The Buffered PLUS Based on the Performance of a Basket of Three Indices due August 4, 2022 (the "Buffered PLUS") can be
used:

As an alternative to direct exposure to the basket components that enhances returns for a certain range of positive
performance of the basket, based on the equally weighted returns of the basket components from their respective initial
component values to their respective final component values

To enhance returns and potentially outperform the basket in a moderately bullish scenario

To achieve similar levels of upside exposure to the basket as a direct investment, subject to the maximum payment at maturity,
while using fewer dollars by taking advantage of the leverage factor

To obtain a buffer against a specified level of negative performance in the basket

If the final basket value is less than the initial basket value by more than the buffer amount, at maturity investors will lose 1% of
the stated principal amount for every 1% decline beyond the specified buffer amount, subject to the minimum payment at maturity
of 10% of the stated principal amount.

M a t urit y:
Approximately 30 months
Le ve ra ge fa c t or:
110%
M a x im um pa ym e nt a t
$13.50 per Buffered PLUS (135.00% of the stated principal amount)
m a t urit y:
Buffe r a m ount :
10%
M inim um pa ym e nt a t m a t urit y: $1.00 per Buffered PLUS. Investors may lose up to 90% of the stated principal
amount of the Buffered PLUS.
Ba sk e t w e ight ing:
1/3 for each basket component
I nt e re st :
None

Key Investment Rationale

I nve st ors m a y lose up t o 9 0 % of t he st a t e d princ ipa l a m ount of t he Buffe re d PLU S. The Buffered PLUS are for
investors who seek exposure to the basket and who are willing and able to risk a significant portion of their principal and forgo
current income and upside above the maximum payment at maturity in exchange for the leverage and buffer features, which, in
each case, apply to a limited range of performance of the basket.

Le ve ra ge d
The Buffered PLUS offer investors an opportunity to capture enhanced returns for a certain range of
Pe rform a nc e
positive performance of the basket relative to a direct investment in the basket.
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U pside Sc e na rio
The final basket value is greater than the initial basket value. In this case, at maturity, the Buffered
PLUS pay the stated principal amount of $10 plus a return equal to 110% of the basket return, subject
to the maximum payment at maturity of $13.50 per Buffered PLUS (135.00% of the stated principal
amount).
Pa r Sc e na rio
The final basket value is equal to the initial basket value or less than the initial basket value but not by
more than the buffer amount. In this case, at maturity, the Buffered PLUS pay the stated principal
amount of $10 per Buffered PLUS even though the value of the basket has declined.
Dow nside
The final basket value is less than the initial basket value by more than the buffer amount. In this case,
Sc e na rio
at maturity, the Buffered PLUS pay less than the stated principal amount by an amount that is equal to
the percentage decrease from the initial basket value to the final basket value beyond the buffer
amount of 10%. For example, if the final basket value is equal to 50% of the initial basket value, the
Buffered PLUS will pay $6.00 per Buffered PLUS, or 60% of the stated principal amount, for a loss of
40% of the stated principal amount. The minimum payment at maturity is $1.00 per Buffered PLUS.
January 2020
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Buffered PLUS Based on the Performance of a Basket of Three Indices due August 4, 2022
Buffe re d Pe rform a nc e Le ve ra ge d U pside Se c urit ie s SM
Princ ipa l a t Risk Se c urit ie s
Selected Purchase Considerations

The Buffered PLUS are not suitable for all investors. The Buffered PLUS may be a suitable investment for you if all of the following
statements are true:

You do not seek an investment that produces periodic interest or coupon payments or other sources of current income.

You anticipate that the final basket value will be greater than the initial basket value, and you are willing and able to accept
the risk that, if the final basket value is less than the initial basket value by more than the buffer amount, you will lose
some, and may lose up to 90%, of the stated principal amount of the Buffered PLUS.

You understand and accept that any potential return on the Buffered PLUS is limited by the maximum payment at maturity.

You are willing and able to accept the risks associated with an investment linked to the performance of the basket, as
explained in more detail in the "Risk Factors" section of this document.

You understand and accept that you will not be entitled to receive dividends or distributions that may be paid to holders of
the securities composing the basket components, nor will you have any voting rights with respect to the securities
composing the basket components.

You do not seek an investment for which there will be an active secondary market and you are willing and able to hold the
Buffered PLUS to maturity.

You are willing and able to assume our credit risk for all payments on the Buffered PLUS.

You are willing and able to consent to the exercise of any U.K. Bail-in Power by any relevant U.K. resolution authority.

The Buffered PLUS may not be a suitable investment for you if any of the following statements are true:

You seek an investment that produces periodic interest or coupon payments or other sources of current income.

You seek an investment that provides for the full repayment of principal at maturity.

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You anticipate that the final basket value will be less than the initial basket value, or you are unwilling or unable to accept
the risk that, if the final basket value is less than the initial basket value by more than the buffer amount, you will lose
some, and may lose up to 90%, of the stated principal amount of the Buffered PLUS.

You seek an investment with uncapped exposure to any positive performance of the basket.

You are unwilling or unable to accept the risks associated with an investment linked to the performance of the basket, as
explained in more detail in the "Risk Factors" section of this document.

You seek an investment that entitles you to dividends or distributions on, or voting rights related to, the securities
composing the basket components.

You seek an investment for which there will be an active secondary market and/or you are unwilling or unable to hold the
Buffered PLUS to maturity.

You are unwilling or unable to assume our credit risk for all payments on the Buffered PLUS.

You are unwilling or unable to consent to the exercise of any U.K. Bail-in Power by any relevant U.K. resolution authority.

You must rely on your own evaluation of the merits of an investment in the Buffered PLUS. You should reach a decision
whether to invest in the Buffered PLUS after carefully considering, with your advisors, the suitability of the Buffered PLUS in light of
your investment objectives and the specific information set forth in this document, the prospectus, the prospectus supplement and
the underlying supplement. Neither the issuer nor Barclays Capital Inc. makes any recommendation as to the suitability of the
Buffered PLUS for investment.

January 2020
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Buffered PLUS Based on the Performance of a Basket of Three Indices due August 4, 2022
Buffe re d Pe rform a nc e Le ve ra ge d U pside Se c urit ie s SM
Princ ipa l a t Risk Se c urit ie s
How the Buffered PLUS Work

Pa yoff Dia gra m

The payoff diagram below illustrates the payment at maturity on the Buffered PLUS based on the following terms:

St a t e d princ ipa l a m ount :
$10 per Buffered PLUS
Le ve ra ge fa c t or:
110%
Buffe r a m ount :
10%
M a x im um pa ym e nt a t m a t urit y:
$13.50 per Buffered PLUS (135.00% of the stated principal amount)
M inim um pa ym e nt a t m a t urit y:
$1.00 per Buffered PLUS

Buffe re d PLU S Pa yoff Dia gra m
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Sc e na rio Ana lysis

Upside Scenario. If the final basket value is greater than the initial basket value, at maturity investors will receive the $10
stated principal amount plus 110% of the appreciation of the basket from the initial basket value to the final basket value,
subject to the maximum payment at maturity. Under the terms of the Buffered PLUS, investors will realize the maximum
payment at maturity at a final basket value of approximately 131.818% of the initial basket value.

For example, if the basket appreciates by 3%, at maturity investors would receive a 3.30% return, or $10.33 per Buffered
PLUS.

If the basket appreciates by 50%, investors would receive only the maximum payment at maturity of $13.50 per Buffered
PLUS, or 135.00% of the stated principal amount.

Par Scenario. If the final basket value is equal to the initial basket value or less than the initial basket value but not by more
than the buffer amount of 10%, at maturity investors will receive the stated principal amount of $10 per Buffered PLUS.

For example, if the basket depreciates by 5%, at maturity investors would receive the $10 stated principal amount per
Buffered PLUS.

January 2020
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Buffered PLUS Based on the Performance of a Basket of Three Indices due August 4, 2022
Buffe re d Pe rform a nc e Le ve ra ge d U pside Se c urit ie s SM
Princ ipa l a t Risk Se c urit ie s
Dow nside Scenario. If the final basket value is less than the initial basket value by more than the buffer amount of 10%, at
maturity investors will receive an amount that is less than the $10 stated principal amount and that will reflect a 1% loss of
principal for each 1% decline in the basket beyond the buffer amount. Investors may lose up to 90% of their initial investment
in the Buffered PLUS.

For example, if the basket depreciates by 50%, investors would lose 40% of their principal and receive only $6.00 per
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Buffered PLUS at maturity, or 60% of the stated principal amount.

Wha t I s t he T ot a l Re t urn on t he Buffe re d PLU S a t M a t urit y, Assum ing a Ra nge of Pe rform a nc e s for t he
Ba sk e t ?

The following table and examples illustrate the hypothetical payment at maturity and hypothetical total return at maturity on the
Buffered PLUS. The "total return" as used in this document is the number, expressed as a percentage, that results from comparing
the payment at maturity per $10 stated principal amount to $10.00. The table and examples set forth below reflect the maximum
payment at maturity of $13.50 per Buffered PLUS (135.00% of the stated principal amount), the initial basket value of 100.00, the
leverage factor of 110% and the buffer amount of 10%. Each hypothetical payment at maturity or total return set forth below is for
illustrative purposes only and may not be the actual payment at maturity or total return applicable to a purchaser of the Buffered
PLUS. The numbers appearing in the following table and examples have been rounded for ease of analysis. The table and
examples below do not take into account any tax consequences from investing in the Buffered PLUS.

Basket Performance
Total Return on
Final Basket Value
Basket Return
Factor
Payment at Maturity
Buffered PLUS
150.00
50.00%
N/A
$13.50
35.00%
140.00
40.00%
N/A
$13.50
35.00%
131.82
31.82%
N/A
$13.50
35.00%
130.00
30.00%
N/A
$13.30
33.00%
120.00
20.00%
N/A
$12.20
22.00%
110.00
10.00%
N/A
$11.10
11.00%
105.00
5.00%
N/A
$10.55
5.50%
100.00
0.00%
N/A
$10.00
0.00%
95.00
-5.00%
N/A
$10.00
0.00%
90.00
-10.00%
N/A
$10.00
0.00%
85.00
-15.00%
85.00%
$9.50
-5.00%
80.00
-20.00%
80.00%
$9.00
-10.00%
70.00
-30.00%
70.00%
$8.00
-20.00%
60.00
-40.00%
60.00%
$7.00
-30.00%
50.00
-50.00%
50.00%
$6.00
-40.00%
40.00
-60.00%
40.00%
$5.00
-50.00%
30.00
-70.00%
30.00%
$4.00
-60.00%
20.00
-80.00%
20.00%
$3.00
-70.00%
10.00
-90.00%
10.00%
$2.00
-80.00%
0.00
-100.00%
0.00%
$1.00
-90.00%
January 2020
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Buffered PLUS Based on the Performance of a Basket of Three Indices due August 4, 2022
Buffe re d Pe rform a nc e Le ve ra ge d U pside Se c urit ie s SM
Princ ipa l a t Risk Se c urit ie s
H ypot he t ic a l Ex a m ple s of Am ount Pa ya ble a t M a t urit y

The following examples illustrate how the payment at maturity and total return in different hypothetical scenarios are calculated, and
are based on the hypothetical initial component values of 100.00 and the maximum payment at maturity of $13.50. The hypothetical
initial component value of 100.00 for each basket component has been chosen for illustrative purposes only and does not represent
the actual initial component value for any basket component. Please see "Basket Overview" below for recent actual values of the
basket components.

Ex a m ple 1 : T he va lue of t he ba sk e t inc re a se s from t he init ia l ba sk e t va lue of 1 0 0 .0 0 t o a fina l ba sk e t va lue
of 1 5 0 .0 0 .

H ypot he t ic a l I nit ia l
Fina l Com pone nt
Ba sk e t Com pone nt
Ba sk e t Com pone nt
We ight ing
Com pone nt V a lue
V a lue
Re t urn
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Document Outline

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