Bond Barclay PLC 3% ( US06747N6Z23 ) in USD

Issuer Barclay PLC
Market price 100 %  ▲ 
Country  United Kingdom
ISIN code  US06747N6Z23 ( in USD )
Interest rate 3% per year ( payment 2 times a year)
Maturity 02/02/2023 - Bond has expired



Prospectus brochure of the bond Barclays PLC US06747N6Z23 in USD 3%, expired


Minimal amount 1 000 USD
Total amount 3 700 000 USD
Cusip 06747N6Z2
Standard & Poor's ( S&P ) rating A ( Upper medium grade - Investment-grade )
Moody's rating A1 ( Upper medium grade - Investment-grade )
Detailed description 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 US06747N6Z23, pays a coupon of 3% per year.
The coupons are paid 2 times per year and the Bond maturity is 02/02/2023

The Bond issued by Barclay PLC ( United Kingdom ) , in USD, with the ISIN code US06747N6Z23, was rated A1 ( Upper medium grade - Investment-grade ) by Moody's credit rating agency.

The Bond issued by Barclay PLC ( United Kingdom ) , in USD, with the ISIN code US06747N6Z23, was rated A ( Upper medium grade - Investment-grade ) by Standard & Poor's ( S&P ) credit rating agency.







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424B2 1 a19-16478_13424b2.htm 424B2 - TD [BARC-AMERICAS.FID1075869]
Pricing Supplement dated July 30, 2019
Filed Pursuant to Rule 424(b)(2)
(To Prospectus dated March 30, 2018
Registration No. 333-212571
and the Prospectus Supplement dated July 18, 2016)


US$3,700,000

CAPPED FIXED ­TO ­ FLOATING RATE NOTES LINKED TO 3-MONTH USD LIBOR DUE FEBRUARY 2, 2023

Principal Amount:
US$3,700,000
Issuer:
Barclays Bank PLC
Issue Price:
100%
Series:
Global Medium-Term
Notes, Series A
Payment at Maturity:
If you hold the Notes to maturity, you wil receive 100% of your principal, subject to the creditworthiness of Barclays
Bank PLC and the exercise of any U.K. Bail-in Power by the relevant U.K. resolution authority.

Any payment on the Notes is not guaranteed by any third party and is subject to both the creditworthiness of
the Issuer and to the exercise of any U.K. Bail-in Power by the relevant U.K. resolution authority. If Barclays
Bank PLC were to default on its payment obligations or become subject to the exercise of any U.K. Bail-in
Power (or any other resolution measure) by the relevant U.K. resolution authority, you might not receive any
amounts owed to you under the Notes. See "Consent to U.K. Bail-in Power" and "Selected Risk Factors" in
this pricing supplement and "Risk Factors" in the accompanying prospectus supplement for more
information.
Original Trade Date(* :)
July 30, 2019
Maturity Date:
February 2, 2023
Original Issue Date:
August 2, 2019
Denominations:
Minimum denominations
of US$1,000 and integral
Reference Rate:
3-month USD LIBOR, determined as set forth under
multiples of US$1,000
"Supplemental Terms of the Notes" in this pricing
thereafter.
supplement.
Maximum Interest Rate:
4.00% per annum
Minimum Interest Rate:
0.00% per annum
Fixed Rate:
3.00% per annum
Spread:
0.10% per annum
Interest Rate:
For each Interest Period commencing on or after the Original Issue Date to but excluding February 2, 2021 (the
"Fixed Rate Period"), the interest rate per annum wil be equal to the Fixed Rate.

For each Interest Period commencing on or after February 2, 2021 to but excluding the Maturity Date (the "Floating
Rate Period"), the interest rate per annum wil be equal to the lesser of (a) the sum of the Reference Rate and the
Spread and (b) the Maximum Interest Rate, subject to the Minimum Interest Rate.
Interest Payment Amount:
For each Interest Period, the interest payment amount per $1,000 principal amount Note wil be calculated as
fol ows:

$1,000 × Interest Rate × (days in Interest Period/360)

where the number of days in the Interest Period wil be based on a 30/360 Day Count Convention.
Consent to U.K. Bail-in
Notwithstanding any other agreements, arrangements or understandings between Barclays Bank PLC and any
Power
holder of the Notes, by acquiring the Notes, each holder of the Notes 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 PS-2 of this pricing supplement.

(* )For the avoidance of doubt, the Original Trade Date is also referred to as the "Pricing Date" in this pricing supplement.

[Terms of Note continue on the following page]

Price to Public(1)
Agent's Commission (2)
Proceeds to Barclays Bank PLC(2)
Per Note
100%
0.75%
99.25%
Total
$3,700,000
$27,750
$3,672,250
(1 )Our estimated value of the Notes on the Original Trade Date, based on our internal pricing models, is $986.50 per Note. The estimated value is less
than the initial issue price of the Notes. See "Additional Information Regarding Our Estimated Value of the Notes" below.
(2 )Barclays Capital Inc. wil receive commissions from the Issuer equal to 0.75% of the principal amount of the notes, or $7.50 per $1,000 principal
amount, and may retain al or a portion of these commissions or use al or a portion of these commissions to pay sel ing concessions or fees to other
dealers.
Investing in the Notes involves a number of risks. See "Risk Factors" beginning on page S-7 of the prospectus supplement and "Selected
Risk Factors" beginning on page PS­4 of this pricing supplement.
We may use this pricing supplement in the initial sale of Notes. In addition, Barclays Capital Inc. or another of our affiliates may use this
pricing supplement in market resale transactions in any Notes after their initial sale. Unless we or our agent informs you otherwise in the
confirmation of sale, this pricing supplement is being used in a market resale transaction.The Notes will not be listed on any U.S. securities
exchange or quotation system. Neither the Securities and Exchange Commission nor any state securities commission has approved or
disapproved of these securities or determined that this pricing supplement is truthful or complete. Any representation to the contrary is a
criminal offense.

The Notes constitute our direct, unconditional, unsecured and unsubordinated obligations and are not deposit liabilities of either Barclays
PLC or Barclays Bank PLC and are not covered by the U.K. Financial Services Compensation Scheme or insured or guaranteed by the U.S.
Federal Deposit Insurance Corporation or any other governmental agency of the United States, the United Kingdom or any other jurisdiction.

Interest Payment Dates:
Payable quarterly in arrears on the 2nd calendar day of each February, May, August and November, commencing on
November 2, 2019 and ending on the Maturity Date. For the avoidance of doubt, the final Interest Payment Date wil
be the Maturity Date.
Interest Period:
The initial Interest Period wil begin on, and include, the Original Issue Date and end on, but exclude, the first Interest
Payment Date. Each subsequent Interest Period wil begin on, and include, the Interest Payment Date for the
immediately preceding Interest Period and end on, but exclude, the next fol owing Interest Payment Date. The final
Interest Period wil end on, but exclude, the Maturity Date.
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Interest Reset Dates:
For any Interest Period during the Floating Rate Period, the first day of such period.
Interest Determination
Two London Business Days prior to the relevant Interest Reset Date.
Dates:
Business Day
Fol owing, unadjusted; 30/360
Convention/Day Count
Fraction:
Business Day:
A Monday, Tuesday, Wednesday, Thursday or Friday that is neither a day on which banking institutions in New York
City general y are authorized or obligated by law, regulation, or executive order to be closed.
Settlement:
DTC; Book-entry; Transferable.
Listing:
The Notes wil not be listed on any U.S. securities exchange or quotation system.
Agent:
Barclays Capital Inc.
CUSIP/ISIN:
06747N6Z2 / US06747N6Z23


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You should read this pricing supplement together with the prospectus dated March 30, 2018, as supplemented by the
prospectus supplement dated July 18, 2016 relating to our Global Medium-Term Notes, Series A, of which these Notes are a
part. This pricing supplement, together with the documents listed below, contains the terms of the Notes 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 Notes 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 Notes.
When you read the prospectus supplement, note that all references to the prospectus dated July 18, 2016, or to any sections
therein, should refer instead to the accompanying prospectus dated March 30, 2018, or to the corresponding sections of that
prospectus.
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 March 30, 2018:

https://www.sec.gov/Archives/edgar/data/312070/000119312518103150/d561709d424b3.htm

·
Prospectus Supplement dated July 18, 2016:

https://www.sec.gov/Archives/edgar/data/312070/000110465916132999/a16-14463_21424b3.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 term
sheet, the "Company," "we," "us," or "our" refers to Barclays Bank PLC.

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ADDITIONAL INFORMATION REGARDING OUR ESTIMATED VALUE OF THE NOTES

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, typical y including volatility, interest rates and our internal funding rates. Our internal
funding rates (which are our internal y 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 Notes 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 Notes on the Pricing Date is less than the initial issue price of the Notes. The difference
between the initial issue price of the Notes and our estimated value of the Notes results from several factors, including any
sales commissions to be paid to Barclays Capital Inc. or another affiliate of ours, any sel ing concessions, discounts,
commissions or fees to be al owed or paid to non-affiliated intermediaries, the estimated profit that we or any of our
affiliates expect to earn in connection with structuring the Notes, the estimated cost that we may incur in hedging our
obligations under the Notes, and estimated development and other costs that we may incur in connection with the Notes.
Our estimated value on the Pricing Date is not a prediction of the price at which the Notes may trade in the secondary
market, nor wil it be the price at which Barclays Capital Inc. may buy or sel the Notes 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
Notes in the secondary market but it is not obligated to do so.
Assuming that al relevant factors remain constant after the Pricing Date, the price at which Barclays Capital Inc. may
initial y buy or sel the Notes in the secondary market, if any, and the value that we may initial y use for customer account
statements, if we provide any customer account statements at al , may exceed our estimated value on the Pricing Date for
a temporary period expected to be approximately 6 months after the Original Issue Date of the Notes because, in our
discretion, we may elect to effectively reimburse to investors a portion of the estimated cost of hedging our obligations
under the Notes and other costs in connection with the Notes that we wil no longer expect to incur over the term of the
Notes. 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 Notes and/or any agreement we may have with the distributors of the
Notes. The amount of our estimated costs that we effectively reimburse to investors in this way may not be al ocated
ratably throughout the reimbursement period, and we may discontinue such reimbursement at any time or revise the
duration of the reimbursement period after the Original Issue Date of the Notes based on changes in market conditions
and other factors that cannot be predicted.
We urge you to read "Selected Risk Factors" beginning on PS-4 of this pricing supplement.

CONSENT TO U.K. BAIL-IN POWER

Notwithstanding any other agreements, arrangements or understandings between us and any holder of the Notes, by acquiring
the Notes, each holder of the Notes 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.
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 the
respect of that entity.
The U.K. Bail-in Power includes any write-down, conversion, transfer, modification and/or suspension power, which al ows for
(i) the reduction or cancel ation of al , or a portion, of the principal amount of, interest on, or any other amounts payable on, the
Notes; (i ) the conversion of al , or a portion, of the principal amount of, interest on, or any other amounts payable on, the Notes
into shares or other securities or other obligations of Barclays Bank PLC or another person (and the issue to, or conferral on, the
holder of the Notes such shares, securities or obligations); and/or (i i) the amendment or alteration of the maturity of the Notes, or
amendment of the amount of interest or any other amounts due on the Notes, 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 Notes solely to give effect to the exercise by the relevant U.K. resolution authority of
such U.K. Bail-in Power. Each holder of the Notes further acknowledges and agrees that the rights of the holders of the Notes are
subject to, and wil 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 of the

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securities 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 more information, please see "Selected Risk Factors--You May Lose Some or All of Your Investment If Any U.K.
Bail-in Power Is Exercised by the Relevant U.K. Resolution Authority" in this pricing supplement as well as "U.K. Bail-in
Power," "Risk Factors--Risks Relating to the Securities Generally--Regulatory action in the event a bank or investment
firm in the Group is failing or likely to fail could materially adversely affect the value of the securities" and "Risk Factors
--Risks Relating to the Securities Generally--Under the terms of the securities, you have agreed to be bound by the
exercise of any U.K. Bail-in Power by the relevant U.K. resolution authority" in the accompanying prospectus
supplement.

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SELECTED RISK FACTORS

An investment in the Notes involves significant risks. You should read the risks summarized below in connection
with, and the risks summarized below are qualified by reference to, the risks described in more detail in the "Risk
Factors" section beginning on page S-7 of the prospectus supplement. We urge you to consult your investment,
legal, tax, accounting and other advisers and to invest in the Notes only after you and your advisors have
carefully considered the suitability of an investment in the Notes in light of your particular circumstances.

·
Issuer Credit Risk-- The Notes are unsecured debt obligations of the issuer, Barclays Bank PLC, and are not,

either directly or indirectly, an obligation of any third party. Any payment to be made on the Notes, including any
repayment of principal, depends on the ability of Barclays Bank PLC to satisfy its obligations as they come due
and is not guaranteed by any third party. As a result, the actual and perceived creditworthiness of Barclays Bank
PLC may affect the market value of the Notes and, in the event Barclays Bank PLC were to default on its
obligations, you might not receive any amount owed to you under the terms of the Notes.

·
You May Lose Some or All of Your Investment If Any U.K. Bail-in Power Is Exercised by the Relevant U.K.

Resolution Authority--Notwithstanding any other agreements, arrangements or understandings between
Barclays Bank PLC and any holder of the Notes, by acquiring the Notes, each holder of the Notes 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 as set forth under "Consent to U.K. Bail-in Power" in this pricing supplement. Accordingly, any
U.K. Bail-in Power may be exercised in such a manner as to result in you and other holders of the Notes losing al
or a part of the value of your investment in the Notes or receiving a different security from the Notes, which may be
worth significantly less than the Notes and which may have significantly fewer protections than those typical y
afforded to debt securities. Moreover, the relevant U.K. resolution authority may exercise the U.K. Bail-in Power
without providing any advance notice to, or requiring the consent of, the holders of the Notes. The exercise of any
U.K. Bail-in Power by the relevant U.K. resolution authority with respect to the Notes wil not be a default or an
Event of Default (as each term is defined in the indenture) and the trustee wil not be liable for any action that the
trustee takes, or abstains from taking, in either case, in accordance with the exercise of the U.K. Bail-in Power by
the relevant U.K. resolution authority with respect to the Notes. See "Consent to U.K. Bail-in Power" in this pricing
supplement as wel as "U.K. Bail-in Power," "Risk Factors--Risks Relating to the Securities General y--Regulatory
action in the event a bank or investment firm in the Group is failing or likely to fail could material y adversely affect
the value of the securities" and "Risk Factors--Risks Relating to the Securities General y--Under the terms of the
securities, you have agreed to be bound by the exercise of any U.K. Bail-in Power by the relevant U.K. resolution
authority" in the accompanying prospectus supplement.

·
Reference Rate / Interest Payment Risk--Because any interest payments on the Notes during the Floating Rate

Period wil be based on a floating rate of interest, you wil be exposed to risks not associated with a conventional
fixed-rate debt instrument. These risks include fluctuation of the applicable Interest Rate and the possibility that,
for any given Interest Period, you may receive an amount of interest based on a rate less than the Fixed Rate for
one or more prior Interest Periods, including an amount based on the Minimum Interest Rate. We have no control
over a number of matters that may affect interest rates, including economic, financial and political events that are
important in determining the existence, magnitude and longevity of these risks and their results. In recent years,
interest rates have been volatile, and volatility also could be characteristic of the future. It is possible that the
Reference Rate could decline significantly, including to a rate equal to or less than zero. If the Reference Rate
were to decline to a level such that the sum of the Reference Rate and the Spread did not result in a rate greater
than the Minimum Interest Rate for any Interest Period during the Floating Rate Period, you would receive an
interest payment based on the Minimum Interest Rate on the related Interest Payment Date. Because the
Minimum Interest Rate is set to 0.00%, you would receive no interest payment on the related Interest Payment
Date. In addition, the floating Interest Rate for the Notes may be less than the floating rate payable on a similar
Note or other instrument of the same maturity issued by us or an issuer with the same or a comparable credit
rating.

·
Interest Payments Will Be Limited by the Fixed Rate and the Maximum Interest Rate Features of the Note--

The Interest Rate on the Notes for any Interest Period during the Fixed Rate Period wil be limited to the Fixed
Rate, and the Interest Rate on the Notes for any Interest Period during the Floating Rate Period wil be limited to
the Maximum Interest Rate. As a result, in the event that the Interest Rate otherwise calculated for any applicable
Interest Period during the Floating Interest Period exceeds the Maximum Interest Rate, your interest payment for
the relevant Interest Period wil be based on the Maximum Interest Rate, and you wil not benefit from any increase
in the Interest Rate above 4.00%.

·
Suitability of the Notes for Investment--You should reach a decision whether to invest in the Notes after

careful y considering, with your advisors, the suitability of the Notes in light of your investment objectives and the

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specific information set out in this pricing supplement, the prospectus supplement and the prospectus. Neither the
Issuer nor Barclays Capital Inc. makes any recommendation as to the suitability of the Notes for investment.

·
We and Our Affiliates May Engage in Various Activities or Make Determinations That Could Materially

Affect Your Notes in Various Ways and Create Conflicts of Interest-- We and our affiliates play a variety of
roles in connection with the issuance of the Notes, as described below. In performing these roles, our and our
affiliates' economic interests are potential y adverse to your interests as an investor in the Notes.

In connection with our normal business activities and in connection with hedging our obligations under the Notes,
we and our affiliates make markets in and trade various financial instruments or products for our accounts and for
the account of our clients and otherwise provide investment banking and other financial services with respect to
these financial instruments and products. These financial instruments and products may include securities,
derivative instruments or assets that may relate to interest rates, including the Reference Rate. In any such market
making, trading and hedging activity, and other services, we or our affiliates may take positions or take actions that
are inconsistent with, or adverse to, the investment objectives of holders of the Notes. We and our affiliates have
no obligation to take the needs of any buyer, sel er or holder of the Notes into account in conducting these
activities. Such market making, trading and hedging activity, investment banking and other financial services may
negatively impact the value of the Notes.

In addition, the role played by Barclays Capital Inc., as the agent for the Notes, could present significant conflicts
of interest with the role of Barclays Bank PLC, as issuer of the Notes. For example, Barclays Capital Inc. or its
representatives may derive compensation or financial benefit from the distribution of the Notes. Furthermore, we
and our affiliates establish the offering price of the Notes for initial sale to the public, and the offering price is not
based upon any independent verification or valuation.

In addition to the activities described above, we wil also act as the Calculation Agent for the Notes. As Calculation
Agent, we wil determine any values of the Reference Rate and make any other determinations necessary to
calculate any payments on the Notes. In making these determinations, we may be required to make certain
discretionary judgments. In making these discretionary judgments, our economic interests are potential y adverse
to your interests as an investor in the Notes, and any of these determinations may adversely affect any payments
on the Notes.

·
Lack of Liquidity--The Notes wil not be listed on any securities exchange. Barclays Capital Inc. and other

affiliates of Barclays Bank PLC intend to make a secondary market for the Notes but are not required to do so, and
may discontinue any such secondary market making at any time, without notice. Barclays Capital Inc. may at any
time hold unsold inventory, which may inhibit the development of a secondary market for the Notes. Even if there
is a secondary market, it may not provide enough liquidity to al ow you to trade or sel the Notes easily. Because
other dealers are not likely to make a secondary market for the Notes, the price at which you may be able to trade
your Notes is likely to depend on the price, if any, at which Barclays Capital Inc. and other affiliates of Barclays
Bank PLC are wil ing to buy the Notes. The Notes are not designed to be short-term trading instruments.
Accordingly, you should be able and wil ing to hold your Notes to maturity.

·
The Estimated Value of Your Notes Is Lower Than the Initial Issue Price of Your Notes -- The estimated

value of your Notes on the Pricing Date is lower than the initial issue price of your Notes. The difference between
the initial issue price of your Notes and the estimated value of the Notes is a result of certain factors, such as any
sales commissions to be paid to Barclays Capital Inc. or another affiliate of ours, any sel ing concessions,
discounts, commissions or fees to be al owed or paid to non-affiliated intermediaries, the estimated profit that we
or any of our affiliates expect to earn in connection with structuring the Notes, the estimated cost that we may incur
in hedging our obligations under the Notes, and estimated development and other costs that we may incur in
connection with the Notes.

·
The Estimated Value of Your Notes Might Be Lower if Such Estimated Value Were Based on the Levels at

Which Our Debt Securities Trade in the Secondary Market -- The estimated value of your Notes on the Pricing
Date is based on a number of variables, including our internal funding rates. Our internal funding rates may vary
from the levels at which our benchmark debt securities trade in the secondary market. As a result of this
difference, the estimated value referenced above might be lower if such estimated value was based on the levels
at which our benchmark debt securities trade in the secondary market.

·
The Estimated Value of the Notes Is Based on Our Internal Pricing Models, Which May Prove to Be

Inaccurate and May Be Different from the Pricing Models of Other Financial Institutions -- The estimated
value of your Notes on the Pricing Date is based on our internal pricing models, which take into account a number

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of variables and are based on a number of subjective assumptions, which may or may not materialize. These
variables and assumptions are not evaluated or verified on an independent basis. Further, our pricing models may
be different from other financial institutions' pricing models and the methodologies used by us to estimate the
value of the Notes may not be consistent with those of other financial institutions that may be purchasers or sel ers
of Notes in the secondary market. As a result, the secondary market price of your Notes may be material y
different from the estimated value of the Notes determined by reference to our internal pricing models.

·
The Estimated Value of Your Notes Is Not a Prediction of the Prices at Which You May Sell Your Notes in

the Secondary Market, if Any, and Such Secondary Market Prices, if Any, Will Likely Be Lower Than the
Initial Issue Price of Your Notes and May Be Lower Than the Estimated Value of Your Notes -- The
estimated value of the Notes wil not be a prediction of the prices at which Barclays Capital Inc., other affiliates of
ours or third parties may be wil ing to purchase the Notes from you in secondary market transactions (if they are
wil ing to purchase, which they are not obligated to do). The price at which you may be able to sel your Notes in
the secondary market at any time wil be influenced by many factors that cannot be predicted, such as market
conditions, and any bid and ask spread for similar sized trades, and may be substantial y less than our estimated
value of the Notes. Further, as secondary market prices of your Notes take into account the levels at which our
debt securities trade in the secondary market, and do not take into account our various costs related to the Notes
such as fees, commissions, discounts, and the costs of hedging our obligations under the Notes, secondary
market prices of your Notes wil likely be lower than the initial issue price of your Notes. As a result, the price, at
which Barclays Capital Inc., other affiliates of ours or third parties may be wil ing to purchase the Notes from you in
secondary market transactions, if any, wil likely be lower than the price you paid for your Notes, and any sale prior
to the maturity date could result in a substantial loss to you.

·
The Reference Rate and the Manner in Which It Is Calculated May Change in the Future -- The Reference

Rate and other interest rate, equity, foreign exchange rate and other types of indices which are deemed to be
"benchmarks," including those in widespread and long-standing use, have been the subject of recent international,
national and other regulatory scrutiny and initiatives and proposals for reform. Some of these reforms are already
effective while others are stil to be implemented or are under consideration. There can be no assurance that the
method by which the Reference Rate is calculated wil continue in its current form. Any changes in the method of
calculation could reduce the Reference Rate and thus have a negative impact on the payments on the Notes (if
any) and on the value of the Notes in the secondary market.

·
Uncertainty About the Future of LIBOR May Adversely Affect the Notes -- On July 27, 2017, the Chief

Executive of the United Kingdom Financial Conduct Authority, which regulates LIBOR, announced that it intends to
stop persuading or compel ing banks to submit rates for the calculation of LIBOR to the administrator of LIBOR
after 2021. The announcement indicates that the continuation of LIBOR on the current basis cannot and wil not be
guaranteed after 2021. It is impossible to predict whether and to what extent banks wil continue to provide LIBOR
submissions to the administrator of LIBOR or whether any additional reforms to LIBOR may be enacted in the
United Kingdom or elsewhere. At this time, no consensus exists as to what rate or rates may become accepted
alternatives to LIBOR, and it is impossible to predict the effect of any such alternatives on the value of securities
that are linked to or otherwise related to LIBOR, such as the Notes. Uncertainty as to the nature of alternative
reference rates and as to potential changes or other reforms to LIBOR may adversely affect LIBOR rates during
the term of the Notes, your return on the Notes and the trading market for LIBOR-based securities.

·
LIBOR May Be Replaced by a Successor or Substitute Rate If It Is Discontinued or Ceased to Be

Published -- If the Calculation Agent determines in its sole discretion on or prior to an Interest Determination
Date that LIBOR for three-month deposits in U.S. dol ars has been discontinued or such rate has ceased to be
published permanently or indefinitely, then the Calculation Agent wil use a successor or substitute rate that it has
determined in its sole discretion to be (a) the industry-accepted successor rate to the discontinued 3-Month USD
LIBOR or (b) if no such industry-accepted successor rate exists, the most comparable substitute rate to the
discontinued 3-Month USD LIBOR. If the Calculation Agent has determined a successor or substitute rate in
accordance with the foregoing, the Calculation Agent may make adjustments in its sole discretion to the definition
of London business day and any other relevant methodology for calculating such successor or substitute rate,
including, but not limited to, any adjustment it determines is needed to make such successor or substitute rate
comparable to the discontinued 3-Month USD LIBOR, in a manner that is consistent with industry-accepted
practices for such successor or substitute rate for debt obligations such as the Notes. Any of the foregoing
determinations or actions by the Calculation Agent could result in adverse consequences to the Reference Rate
on relevant Interest Determination Date(s), which could adversely affect the return on and the market value of the
Notes. Further, there is no assurance that the characteristics of any successor or substitute rate would be similar
to 3-Month USD LIBOR, or that any successor or substitute rate would be correlated with 3-Month USD LIBOR.

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·
Historical Performance of the Reference Rate Should Not Be Taken as Any Indication of the Future

Performance of the Reference Rate Over the Term of the Notes -- The historical performance of the
Reference Rate is not an indication of the future performance of the Reference Rate over the term of the Notes.
Therefore, the performance of the Reference Rate over the term of the Notes may bear no relation or resemblance
to the historical performance of the Reference Rate.

·
The Reference Rate Will Be Affected by a Number of Factors and May Be Volatile -- Many factors may affect

the Reference Rate including, but not limited to:

o
supply and demand among banks in London for U.S. dol ar-denominated deposits with a term of

approximately three months;

o
sentiment regarding underlying strength in the U.S. and global economies;


o
expectations regarding the level of price inflation;


o
sentiment regarding credit quality in the U.S. and global credit markets;


o
central bank policy regarding interest rates;


o
inflation and expectations concerning inflation;


o
performance of capital markets; and


o
any statements from public government officials regarding the cessation of the Reference Rate.


These and other factors may have a negative impact on the payments on the Notes (if any) and on the value of the
Notes in the secondary market. Additional y, these factors may cause volatility of the Reference Rate, and volatility
of the Reference Rate may adversely affect your return on the Notes.

·
Many Economic and Market Factors Will Impact the Value of the Notes--In addition to the Reference Rate,

the value of the Notes wil be affected by a number of economic and market factors that may either offset or
magnify each other, including:

o
the expected volatility of the Reference Rate;


o
the time to maturity of the Notes;


o
interest and yield rates in the market general y;


o
a variety of economic, financial, political, regulatory or judicial events;


o
supply and demand for the Notes; and


o
our creditworthiness, including actual or anticipated downgrades in our credit ratings.


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HYPOTHETICAL INTEREST RATE AND INTEREST PAYMENT CALCULATIONS

The examples below il ustrate how the applicable Interest Rate is determined for any hypothetical Interest Period and the
interest payment amounts you may receive on the Notes in a number of different hypothetical scenarios. These examples
are only hypothetical and do not indicate the actual payments or return you wil receive on the Notes. The examples below
assume that the Notes are held until maturity and do not take into account the tax consequences of an investment in the
Notes.

Interest Rate Calculation

Step 1: Determine the applicable Interest Rate for each Interest Period.

For each Interest Period during the Fixed Rate Period, the interest rate per annum wil be equal to the Fixed Rate.

For each Interest Period during the Floating Rate Period, the effective per annum Interest Rate payable on the Notes on
each Interest Payment Date wil be a floating rate equal to the lesser of (a) the sum of the Reference Rate and the Spread
and (b) the Maximum Interest Rate, subject to the Minimum Interest Rate. The per annum value for the Reference Rate is
determined on the relevant Interest Reset Date by observing the Reference Rate on the Interest Determination Date
relating to that Interest Reset Date. Once the Calculation Agent has determined the value of the Reference Rate, the
Calculation Agent then wil determine the per annum Interest Rate for that Interest Period by calculating the sum of the
Reference Rate and the Spread, provided that (i) if the sum of the Reference Rate and the Spread is greater than the
Maximum Interest Rate, the Interest Rate for that Interest Period wil equal the Maximum Interest Rate, and (i ) if the sum
of the Reference Rate and the Spread is less than the Minimum Interest Rate, the Interest Rate for that Interest Period wil
equal the Minimum Interest Rate.

For further information concerning the Interest Determination Dates for the Reference Rate, see "Interest Mechanics--How
Floating Interest Rates Are Reset" in the accompanying prospectus supplement.

Step 2: Calculate the interest payment amount payable for each Interest Payment Date.

For each Interest Period, once the Calculation Agent has determined the applicable per annum Interest Rate, the
Calculation Agent wil calculate the interest payment amount per $1,000 principal amount Note as fol ows:

$1,000 × Interest Rate × (days in Interest Period/360)

where the number of days in the Interest Period wil be based on a 30/360 Day Count Convention.

Example Interest Rate and Interest Payment Calculations

The fol owing examples il ustrate how the per annum Interest Rate and interest payment amounts would be calculated for
any given Interest Payment Date during the Floating Rate Period. The hypothetical Reference Rate values have been
chosen for il ustrative purposes only and may not represent actual likely Reference Rate values that wil be relevant for
calculating any payments on the Notes. For historical Reference Rate values, please see the information set forth under
the section titled "HISTORICAL INFORMATION" below. The examples below are based on the Maximum Interest Rate of
4.00% per annum, the Minimum Interest Rate of 0.00% per annum and the Spread of 0.10%. We have assumed that the
Notes have quarterly Interest Payment Dates, that interest payments wil be calculated using a 30/360 day count basis
(such that the applicable day count fraction for the quarterly interest payment for the Interest Period wil be 90/360) and
that the principal amount of the Notes is $1,000. These values and assumptions have been chosen arbitrarily for the
purposes of the below examples, and should not be taken as indicative of the terms of any particular Notes or the future
performance of the Reference Rate. The specific terms for each issuance of Notes wil be determined on the Original
Trade Date.

Example 1: The Reference Rate is equal to 2.50%.

Because the sum of the Reference Rate of 2.50% and the Spread of 0.10% is less than the Maximum Interest Rate, the
Interest Rate would be equal to 2.60% per annum (the sum of the Reference Rate and the Spread).

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