Bond Barclay PLC 0% ( XS0096045025 ) in GBP

Barclay PLC

100 % ▲

United Kingdom

XS0096045025 ( in GBP )

14/03/2038

Prospectus brochure of the bond Barclays PLC XS0096045025 en GBP 0%, maturity 14/03/2038

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 GBP, with the ISIN code XS0096045025, pays a coupon of 0% per year.
The coupons are paid 1 time per year and the Bond maturity is 14/03/2038

PRICING SUPPLEMENT
BARCLAYS BANK PLC
BARCLAYS OVERSEAS CAPITAL CORPORATION B.V.
BARCLAYS OVERSEAS INVESTMENT COMPANY B.V.
GBP4,000,000,000
Debt Issuance Programme
PRICING SUPPLEMENT
Barclays Bank PLC
Series no: 55
Tranche no: 1
Issue Price: 22.193409 per cent.
GBP135,000,000 Zero Coupon Notes due 15th March, 2038
Barclays Capital
The date of this Pricing Supplement is 1st April, 1999

2
This Pricing Supplement, under which the Notes described herein (the "Notes") are
issued, is supplementary to, and should be read in conjunction with, the Information
Memorandum (the "Information Memorandum") dated 29th October, 1998 (which
includes the Information Memorandum Addendum dated 29th October, 1998 and the
Supplementary Listing Particulars dated 18th February, 1999) issued in relation to the
GBP4,000,000,000 Debt Issuance Programme of Barclays Bank PLC, Barclays Overseas
Capital Corporation B.V. and Barclays Overseas Investment Company B.V. (the
"Programme"). The Notes will be issued on the terms of this Pricing Supplement read
together with the reformation Memorandum. Terms defined in the Information
Memorandum have the same meaning in this Pricing Supplement
This Pricing Supplement does not constitute, and may not be used for the purpose 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 offer or solicitation, and
no action is being taken to permit an offering of the Notes or the distribution of this
Pricing Supplement in any jurisdiction where such action is required.

3
The terms of the Notes are as follows:
1.
Issuer:
Barclays Bank PLC
2.
Series no:
55
3.
Tranche no:
1
4.
Specified currency (or currencies in the Pounds Sterling ("GBP")
case of Dual Currency Notes):
5.
Principal amount of tranche:
GBP 135,000,000
6.
Interest/Payment Basis; and if more
Zero Coupon
than one, the dates during which each
Interest/Payment Basis will apply:
7.
Whether Senior Notes
Senior Notes
(unsubordinated) or Capital Notes
(subordinated):
8.
Condition 3(3) - Deferral of payments
N/A
to apply (Capital Notes)
9.
Specified denomination(s):
GBP 1,000
10. Issue Date:
1st April, 1999
11. Issue Price:
22.193409 per cent. of the Principal
Amount
12. Partly Paid Notes:
No
13. Interest Commencement Date:
N/A
14. Maturity Date:
15th March, 2038 subject to adjustment
in accordance with the Following
Business Day Convention
15. Condition 4(3) - Interest on Floating
N/A
Rate Notes to apply (Floating Rate
Notes):
16. Interest Payment Date(s) or Interest
N/A
Period(s) (Floating Rate Notes):

4
17. Business day convention (if different
N/A
to that set out in Condition 4{3)(b))
(Floating Rate Notes):
18. Basis of d e t e r m i n i n g Rate of Interest
N/A
(Floating Rate Notes):
19. Relevant Screen Page (Floating Rate
N/A
Notes - Screen Rate Basis):
20. ISDA Swap Agreement terms
No
(a) Floating Rate Option:
N/A
(b) Reset Date (if different to that set out
N/A
in Condition 4(3)(e)(iv)(A)):
(c) Other terms (if any):
None
(Floating Rate Notes - ISDA Basis)
21. Relevant Margin (Floating Rate Notes N/A
Screen Rate/ISDA Basis):
22. Other basis (if not Screen Rate/ISDA
N/A
Basis) for determining Rate of Interest
(including any fall-back provisions)
(Floating Rate Notes):
23. Minimum Rate of Interest (Floating
N/A
Rate Notes):
24. Maximum Rate of Interest (Floating
N/A
Rate Notes):
25. Interest Determination Date(s) (if
N/A
different to that set out in Condition
4(3)(g)) (Floating Rate Notes):
26. Time for determination of Rate of
N/A
Interest (if different to that set out in
Condition 4(3)(g)) (Floating Rate
Notes):

5
27. Day count fraction (Floating Rate
N/A
Notes:
28. Index and/or Formula (Indexed Notes): N/A
29.
(a) Agent, if any, responsible for
N/A
calculating the principal, and/or Interest
due (Indexed Notes):
(b) Provisions where calculation by
N/A
reference to Index and/or Formula is
impossible ox impracticable (indexed
Notes):
30.
(a) Rate of Exchange/method of
N/A
calculating rate of Exchange (Dual
Currency Notes):
(b) Agent, if any, responsible for
N/A
calculating the principal and/or Interest
due (Dual Currency Notes):
(c) Provisions where calculation by
N/A
reference to Rate of Exchange is
impossible or impracticable(Dual
Currency Notes):
(d) Person at whose option any specified
N/A
currency or currencies is or are to be
payable (Dual Currency Notes):
31. Amortisation yield (Zero Coupon
6.7776 per cent. on a 30/360 day count
Notes):
fraction basis
32. Reference price (Zero Coupon Notes): 22.193409 per cent. of the Principal
Amount
33. Any other formula/basis for
No
determining amount due (Zero Coupon
Notes):

6
34. Redemption amount
See items 35 and 36 below
35. Installment Date(s) (Installment
15th March, 2022, 15th March, 2023,
Notes):
15th March, 2024,15th March, 2025,
15th March, 2026, 15th March, 2027,
15th March, 2028, 15th March, 2029,
15th March, 2030, 15th March, 2031,
15th March, 2032, 15th March, 2033,
15th March, 2034, 15th March, 2035,
15th March, 2036, 15th March, 2037
and 15th March, 2038, subject to
adjustment in accordance with the
Following Business Day convention.
36. Installment Amount(s) (Installment
Unless previously redeemed or
Notes):
purchased and cancelled as described
herein, Barclays Bank PLC will
redeem each Note in installments (each
an "Installment") on the dates set out
below (each a ''Redemption Date")
such that, immediately following
payment of such Installment the
Note then outstanding will be equal to
the percentage of the outstanding
original principal amount of each Note
set out below.
Outstanding
principal amount
of each Note
(expressed as a
percentage of the
original
outstanding
principal amount
of the Notes)
15th March, 2022 - 94.117647
15th March, 2023 - 88.235294
15th March, 2024 - 82.352941
15th March, 2025 - 76.470588
15th March, 2026 - 70.588235
15th March, 2027 - 64.705882
15th March, 2028 - 58.823529

7
15th March, 2029 - 52.941177
15th March, 2030 - 47.058824
15th March, 2031 - 41.176471
15th March, 2032 - 35.294118
15th March, 2033 - 29.411765
15th March, 2034 - 23.529412
15th March, 2035 - 17.647059
15th March, 2036 - 11.764706
15th March, 2037 - 5.882353
15th March, 2038 - 0
37 Redemption at Issuer's option:
None
38. Redemption at Noteholder's option:
None
39. Early redemption amount(s) payable
The redemption amount of any Note
on redemption fox taxation reasons or
shall be the outstanding principal
on an Event of Default and method, if
amount of such Note discounted back
any, of calculation of such amount(a):
from the Maturity Date at a rate per
annum (expressed as a percentage)
eqnal to the Accrual Yield
compounded annually. Where such
calculation is to be made for a period
of less than one whole year it shall be
made on the basis of the actual number
of days elapsed in the relevant part of
the year (the "Relevant Period")
divided by the actual number of days
in the full year of which the Relevant
Period forms part. "Accrual Yield"
means 6.7776 per cent.
40. Payments to be made subject to
No
withholding taxes:
41. Payments to be made other than in
No
currency in which due:
42. (a) Relevant Financial Centre Day London
definition (for the purpose of
payments) (if different to that
set out in Condition 7(a)):
(b) Relevant Financial Centre
N/A
definition (for the purpose of

8
payments) (if different to chat
set out in Condition 7(c)).
43- Coupons to be attached to Definitive
No
Notes:
44. Talons for further Coupons to be
No
attached to Notes (and dates on which
such Talons mature):
45. Receipts to be attached to Installment
No
Notes (Installment Notes):
46. Interest in Global Note exchangeable
No - Interests in the Permanent Global
for Definitive Notes at Noteholders'
Note will only be exchangeable for
option:
Definitive Notes in the circumstances
specified in the Information
Memorandum
47. Details of any other additions or
None
variations to the Conditions:
48. Details of any additions or variations
None
to the selling restrictions:
49. Exchange Date:
11th May, 1999
50. listing:
The London Stock Exchange, Limited
51. Method of Distribution:
Non-syndicated
52. If Syndicated Issue, name of Lead
N/A
Managers and other Managers:
53, Stabilising manager:
N/A
54. ISIN Number:
XS0096045025
55. Common Code:
9604502
56. Details of additional/alternative
N/A
clearing system or depositary.

9
57. Redenomination
The Issuer may, without the consent of the Noteholders or Couponholders, on
giving prior notice to the Trustee, the Paying Agents, Euroclear and Cedelbank
and at least 30 days' prior notice to the Noteholders in accordance with Condition
14, elect that, with effect from the Redenomination. Date specified in the notice,
being a date for payment of interest under the Notes (of, in the case of Zero
Coupon N o t e s any date) falling on or after the start of the t h i r d stage of European
Economic and Monetary Union pursuant to the Treaty establishing the European
Communities, as amended by the Treaty on European Union (the "Treaty") (or if
the specified currency of the Notes is the currency of a European Union member
state not then participating in such third stage, falling on or after such date as it
does so participate), the Notes shall be redenominated in euro.
For the purposes of this pricing supplement, "euro" means the currency to be
introduced at the start of the third stage of European Economic and Monetary
Union pursuant to the Treaty.
With effect from the Redenomination Date, notwithstanding any other terms of
the Notes:
(i) The Notes shall (unless already so provided by mandatory provisions of
applicable law) be deemed to be redenominated in euro in the
denomination of euro 0.01 with a principal amount for each Note equal to
the principal amount of that Note in Sterling, converted into euro at the
rate for conversion of Sterling into euro established by the Council of the
European Union pursuant to the Treaty (including compliance with rules
relating to rounding in accordance with European Community regulations)
provided that, if the Issuer determines that the then market practice in
respect of the redenomination into euro of internationally offered securities
is different from the provisions specified above, such provisions shall be
deemed to be amended so as to comply with such market practice and the
Issuer shall promptly notify the Noteholders, the stock exchange (if any)
on which the Notes may be listed, the Trustee and the Paying Agents of
such deemed amendments.
(ii) If definitive Notes are required to be issued after the Redenomination Date,
they shall be issued at the expense of the Issuer in the denominations of
euro 0.01 (to the extent of any remaining amounts less than euro 1,000),
euro 1,000, euro 10,000, euro 100,000 and such other denominations as the
Issuer shall determine (with the approval of the Trustee) and notify to
Noteholders.

10
(iii) If definitive notes have been issued prior to the Redenomination Date, all
unmatured Coupons denominated in Sterling (whether or not attached to
the Notes) will become void with effect from the date on which the Issuer
gives a notice (the "Exchange Notice") that replacement euro-denominated
Notes and Coupons are available for exchange (provided that such
securities are so available) and no payments will be made in respect of
them. The payment obligations contained in any Notes so issued will also
become void on that date although those Notes will continue to constitute
valid exchange obligations of the Issuer. New euro-denominated Notes
and Coupons will be issued in exchange for Sterling Notes and Coupons in
such manner as the Issuer may agree with the Trustee and as shall be
notified to Noteholders in the Exchange Notice.
(iv) After the Redenomination Date, all payments in respect of the Notes and
Coupons (other than, unless the Redenomination Date is on or after such
date as Sterling ceases to be a sub-division, of the euro, payments of
interest in respect of periods commencing before the Redenomination
Date) will be made solely in euro. Such payments will be made in euro by
credit or transfer to a euro account (or any other account to which euro
may be credited or transferred) specified by the payee or by a euro cheque.
(v) Such other changes shall be made to the terms of the Notes and the Trust
Deed as the Issuer may (with the approval of the Trustee) decide, as may
be specified in the notice, to conform them to conventions then applicable
to instruments denominated in euro, (including to enable the Notes to be
consolidated with one or more issues of other notes, whether or not
originally denominated in Sterling or euro). Any such other changes will
not take effect until after they have been notified to the Paying Agents, the
stock exchange (if any) on which the Notes may be listed, and to the
Noteholders in accordance with Condition 14.