Bond Barclay PLC 0% ( XS1167120168 ) in EUR

Barclay PLC

100 % ▲

United Kingdom

XS1167120168 ( in EUR )

18/03/2030

Prospectus brochure of the bond Barclays PLC XS1167120168 en EUR 0%, maturity 18/03/2030

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 EUR, with the ISIN code XS1167120168, pays a coupon of 0% per year.
The coupons are paid 1 time per year and the Bond maturity is 18/03/2030

BARCLAYS BANK PLC
(Incorporated with limited liability in England and Wales)
________________________________________________________________
EUR 35,000,000 Fixed to Quarterly Decompounded Floating Rate Notes due 18 March 2030
(the "Securities" or the "Notes")
Series: NX000167499
________________________________________________________________
Issued under the Global Structured Securities Programme
What is this document?
This document (the "Prospectus"), which has been published on the website of the Luxembourg Stock
Exchange (www.bourse.lu), constitutes a prospectus for the purposes of Article 5.3 of Directive
2003/71/EC as amended (the "Prospectus Directive") relating to the Securities. This Prospectus
(including the information incorporated by reference within it) is intended to provide investors with
information necessary to enable them to make an informed investment decision before purchasing the
Securities.
Who is the Issuer?
The Securities will be issued by Barclays Bank PLC (the "Issuer"). The payment of any amounts due
under the Securities are subject to the Issuer's financial position and its ability to meet its obligations.
This Prospectus (including the registration document dated 3 June 2014 of the Issuer (the
"Registration Document") and other information incorporated by reference into this Prospectus)
contains information describing the Issuer's business activities as well as certain financial information
and material risks faced by the Issuer.
What are the Securities?
The Securities are issued by the Issuer under its Global Structured Securities Programme (the
"Programme"). The terms and conditions of the Securities (the "Conditions") will comprise:

The General Conditions (the "General Conditions") as incorporated by reference into this
Prospectus from the Base Prospectus (as defined below); and

The specific terms of the Securities, which amend and complete the General Conditions, as set
forth in 'Terms and Conditions of the Securities - Issue Terms' below (the "Issue Terms").
The Securities will pay a fixed rate of interest annually in respect of the period from the issue date of
the Securities until 18 March 2017 and will then pay a quarterly 'decompounded' floating rate of
interest, subject to a cap, thereafter until maturity.
What information is incorporated by reference?
The Prospectus incorporates by reference certain information from GSSP Base Prospectus 1 dated 17
February 2015 in relation to the Programme (the "Base Prospectus") and the Registration Document
and certain other information in relation to the Issuer. See the section entitled 'Information
Incorporated by Reference' below. You should read this document together with such information
incorporated by reference. Documents will be made available at the registered office of the Issuer, at
http://www.barclays.com/investorrelations/debtinvestors and will also be published on the website of
the Luxembourg Stock Exchange (www.bourse.lu).
What are the principal risks?

Before purchasing the Securities, you should consider in particular the 'Risk Factors' below, in addition
to the other information in this Prospectus.
17 March 2015
2

Important Information
IMPORTANT INFORMATION
IF THE ISSUER BECOMES INSOLVENT OR BANKRUPT OR OTHERWISE FAILS TO
MAKE ITS PAYMENT OBLIGATIONS ON THE SECURITIES, YOU WILL LOSE SOME
AND UP TO ALL OF YOUR ORIGINAL INVESTMENT. INVESTING IN SECURITIES
INVOLVES CERTAIN RISKS, AND YOU SHOULD FULLY UNDERSTAND THESE
BEFORE YOU INVEST. SEE 'RISK FACTORS' BELOW.
Regulatory approval for the purposes of the Prospectus Directive
This Prospectus has been approved by the Commission de Surveillance du Secteur Financier in its
capacity as competent authority in the Grand Duchy of Luxembourg (the "CSSF") as a prospectus
issued in compliance with the Prospectus Directive in the Grand Duchy of Luxembourg for the purpose
of giving information with regard to the issue of Securities under the Programme.
Please note that, in accordance with Article 7(7) of the Luxembourg Law on Prospectuses for
Securities, by approving the Prospectus the CSSF gives no undertaking as to the economic or financial
opportuneness of the transaction or the quality and solvency of the Issuer.
The contents of this Prospectus have not been reviewed or approved by any regulatory authority other
than the CSSF.
Listing and Admission to Trading
Application has also been made to the Luxembourg Stock Exchange for the Securities issued to be
listed on the Official List of the Luxembourg Stock Exchange and admitted to trading on the regulated
market of the Luxembourg Stock Exchange (a regulated market for the purposes of Directive
2004/39/EC on Markets in Financial Instruments). This Prospectus will be published on the website of
the Luxembourg Stock Exchange (www.bourse.lu).
Independent Evaluation
Nothing set out or referred to in this Prospectus is intended to provide the basis of any credit or other
evaluation (except in respect of any purchase of the Securities) or should be considered as a
recommendation by the Issuer or the Manager that any recipient of this Prospectus (or any document
referred to herein) should purchase any Securities.
An investor should not purchase the Securities unless they understand the extent of their exposure to
potential loss. Investors are urged to read the factors described in the section headed 'Risk Factors',
together with the other information in this Prospectus (including any information incorporated by
reference), before investing in the Securities.
Investors should note that (i) the risks described in the section headed 'Risk Factors' of this Prospectus
and (ii) the risks described in the section headed 'Risk Factors' of the Registration Document (which is
incorporated by reference into this Prospectus) are not the only risks that the Issuer faces or that may
arise because of the nature of the Securities. The Issuer has described only those risks relating to its
operations and to the Securities that it considers to be material. There may be additional risks that the
Issuer currently considers not to be material or of which it is not currently aware.
Given the nature, complexity and risks inherent in the Securities (and investments relating to any
Underlying Asset), the Securities may not be suitable for an investor's investment objectives in the light
of his or her financial circumstances. Investors should consider seeking independent advice to assist
them in determining whether the Securities are a suitable investment for them or to assist them in
evaluating the information contained or incorporated by reference into this Prospectus.
You have sole responsibility for the management of your tax and legal affairs including making any
applicable filings and payments and complying with any applicable laws and regulations. Neither the
Issuer, nor any of its affiliates will provide you with tax or legal advice and you should obtain your
own independent tax and legal advice tailored to your individual circumstances. The tax treatment of
structured products, such as the Securities, can be complex; the tax treatment applied to an individual
depends on their circumstances. The level and basis of taxation may alter during the term of any
product.
3

Important Information
Amounts due to be paid to you are described on a gross basis, i.e. without calculating any tax liability.
The Issuer shall make no deduction for any tax, duty, or other charge unless required by law.
Distribution
The distribution or delivery of this Prospectus and any offer or sale of the Securities in certain
jurisdictions may be restricted by law. This document does not constitute, and may not be used for the
purposes of, an offer or solicitation by anyone in any jurisdiction in which such offer or solicitation is
not authorised or to any person to whom it is unlawful to make such offering or solicitation. Other than
as expressly described in this Prospectus, no action is being taken to permit an offering of Securities or
the delivery of this Prospectus in any jurisdiction. Persons into whose possession this Prospectus comes
are required by the Issuer to inform themselves about and to observe any such restrictions.
Details of selling restrictions for various jurisdictions are incorporated by reference into this Prospectus
as set out in the section headed 'Purchase and Sale' of the Base Prospectus.
United States Selling Restrictions
The Securities have not been and will not be registered under the US Securities Act of 1933, as
amended (the "Securities Act"), or with any securities regulatory authority of any state or other
jurisdiction of the United States. The Securities are being offered and sold outside the United States to
non-US persons in reliance on Regulation S ("Regulation S") under the Securities Act.
Subject to certain exceptions, Securities may not be offered or sold within the United States or to US
persons (as defined in Regulation S under the Securities Act).
For a description of these and certain further restrictions on offers, sales and transfers of Securities and
delivery of this Prospectus, see 'Purchase and Sale' and 'Clearance and Settlement' as set out in the
Base Prospectus which is incorporated by reference into this Prospectus.
US foreign account tax compliance withholding
THE FOREIGN ACCOUNT TAX COMPLIANCE ACT ("FATCA") IS PARTICULARLY
COMPLEX AND ITS CURRENT AND FUTURE APPLICATION TO THE ISSUER,
SECURITIES AND THE INVESTORS IS SUBJECT TO SIGNIFICANT UNCERTAINTY.
YOU SHOULD CONSULT YOUR OWN TAX ADVISERS TO OBTAIN A MORE DETAILED
EXPLANATION OF FATCA AND TO LEARN HOW THIS LEGISLATION MIGHT AFFECT
YOU IN YOUR PARTICULAR CIRCUMSTANCE, INCLUDING HOW THE FATCA RULES
MAY APPLY TO PAYMENTS RECEIVED UNDER THE SECURITIES BOTH CURRENTLY
AND IN THE FUTURE.
Representations
In connection with the issue and sale of the Securities, no person has been authorised to give any
information or to make any representation not contained in or consistent with the Prospectus and, if
given or made, such information or representation must not be relied upon as having been authorised
by the Issuer. The Issuer does not accept responsibility for any information not contained in the
Prospectus. This document does not constitute, and may not be used for the purposes of, an offer or
solicitation by anyone in any jurisdiction in which such offer or solicitation is not authorised or to any
person to whom it is unlawful to make such offering or solicitation and no action is being taken to
permit an offering of the Securities or the distribution of this Prospectus in any jurisdiction where
action is required.
Change of Circumstances
Neither the delivery of this Prospectus, nor any sale of Securities pursuant thereto shall create any
impression that information therein relating to the Issuer is correct at any time subsequent to the date
thereof or that any other information supplied in connection with the Programme is correct as of any
time subsequent to the date indicated in the document containing the same. Notwithstanding the
foregoing, the Issuer shall produce a supplement to the Prospectus if a significant new factor, material
mistake or inaccuracy relating to the information included in the Prospectus which is capable of
4

Important Information
affecting the assessment of the Security arises or is noted prior to the time when trading on a regulated
market begins.
5

TABLE OF CONTENTS
Page
Risk Factors
7
This section sets out the principal risks inherent in investing in the Securities, including
risks relating to investments linked to the Underlying Asset.
Information Incorporated by Reference
25
This section incorporates information regarding the Issuer from the registration document
of the Issuer and other publicly available documents and the General Conditions and
other information from a base prospectus of the Issuer.
Terms and Conditions of the Securities
29
This section sets out the terms and conditions of the Securities and comprises:
i. Introduction
29
This section describes the various parts comprising the terms and conditions of the
Securities.
ii. Issue Terms
30
This section sets out the specific terms of the Securities, including dates, amounts
and return calculations.
Other Information
34
This section sets out other information relating to the Securities.
Important Legal Information
35
This section sets out important legal information relating to the Securities.
General Information
36
This section provides certain additional information relating to the Securities, including
use of proceeds and availability of documents.
6

Risk Factors
RISK FACTORS
You should only invest in the Securities after assessing these principal risks, including any risks
applicable to the relevant Underlying Asset (which term includes the CMS Reference Rate). More than
one risk factor may have a simultaneous or a compounding effect which may not be predictable. No
assurance can be given as to the effect that any combination of risk factors may have on the return on
the Securities. The risks below are not exhaustive and there may be additional risks and uncertainties
that are not presently known to the Issuer or that the Issuer currently believes to be immaterial but that
could have a material impact on the business, operations, financial condition or prospects of the Issuer
or the return on the Securities.
You should consider carefully the following discussion of risks to help you decide whether or not the
Securities are suitable for you.
CONTENTS OF 'RISK FACTORS'
Page
FACTORS THAT MAY AFFECT THE ISSUER'S ABILITY TO FULFIL ITS OBLIGATIONS
UNDER THE SECURITIES......................................................................................................................8
1.
Risks associated with the Issuer's ability to fulfil its obligations under the Securities.................8
FACTORS WHICH ARE MATERIAL FOR THE PURPOSES OF ASSESSING THE MARKET
RISKS IN RELATION TO THE SECURITIES........................................................................................8
2.
Risks associated with the valuation of Securities.........................................................................8
3.
Risks associated with the liquidity of Securities ........................................................................11
4.
Risks associated with certain features in relation to the interest or principal amount
calculations under the Securities................................................................................................11
5.
Risks associated with adjustment or early redemption of the Securities....................................14
6.
Risks associated with certain other features and terms of the Securities ...................................15
7.
Risks associated with the Securities being linked to the Underlying Asset ...............................16
8.
Risks associated with interest rates as an Underlying Asset ......................................................17
9.
Risks associated with discretionary powers of the Issuer and the Determination Agent,
including in relation to the Issuer's hedging arrangements ........................................................17
10.
Risks associated with taxation ...................................................................................................18
11.
Risks associated with the ability to enforce under the Securities...............................................19
12.
Risks associated with conflicts of interest..................................................................................19
13.
Risk associated with a credit rating downgrade .........................................................................20
14.
Risks associated with regulatory action .....................................................................................21
7

Risk Factors
RISK WARNING
The payment of any amount due under the Securities is dependent upon the Issuer's ability to
fulfil its obligations when they fall due. The Securities are unsecured obligations. They are not
deposits and they are not protected under the UK's Financial Services Compensation Scheme or
any other deposit protection insurance scheme. Therefore, if the Issuer fails or is otherwise unable
to meet its payment obligations under the Securities, you will lose up to the entire value of your
investment.
You may also lose some or all of your investment where:

The market price of your Securities prior to maturity may be significantly lower than the purchase
price you pay for them. Consequently, if you sell your Securities before the stated scheduled
redemption date, you may receive far less than your original invested amount.

Your Securities may be redeemed in certain extraordinary circumstances prior to scheduled
maturity and, in such case, the early redemption amount paid to you may be less than what you paid
for the Securities.

The terms and conditions of your Securities are adjusted by the Issuer or Determination Agent with
the (direct or indirect) effect that the amount payable to you is less than your initial investment.
FACTORS THAT MAY AFFECT THE ISSUER'S ABILITY TO FULFIL ITS OBLIGATIONS
UNDER THE SECURITIES
1.
Risks associated with the Issuer's ability to fulfil its obligations under the Securities
The Securities are direct, unsecured and unsubordinated obligations of the Issuer and will rank
equally among themselves. Any payments to be made by the Issuer under the Securities are
dependent upon the Issuer's ability to fulfil its obligations when they fall due. Holders of
Securities are therefore exposed to the creditworthiness of the Issuer and any deterioration in
the Issuer's creditworthiness or perceived creditworthiness (whether measured by actual or
anticipated changes in the credit ratings of the Issuer) may adversely affect the value of the
Securities.
The Issuer is a major, global financial services company and, as such, faces a variety of risks
that are substantial and inherent in its businesses, and which may affect its ability to fulfil its
payment, delivery or other obligations under the relevant Securities. These risks include
liquidity risk, market risk, credit risk, operational risk, reputational risk, legal, regulatory and
compliance risks, litigation and other contingent liabilities, competition risks, the financial
condition of clients, customers and counterparties, adverse economic, monetary, political or
legal developments, cross-border and foreign exchange risk, catastrophic events, risks from
estimates and valuations and risks relating to strategy.
These risks are described in 'Risk Factors' on pages from 4 to 22 in the Registration Document
incorporated by reference in this Prospectus see 'Information Incorporated by Reference'.
FACTORS WHICH ARE MATERIAL FOR THE PURPOSES OF ASSESSING THE MARKET
RISKS IN RELATION TO THE SECURITIES
2.
Risks associated with the valuation of Securities
2.1
Initial value of the Securities and Issue Price
The market value of the Securities is likely to be lower, and may be significantly lower, than
the issue price of the Securities. In particular, the issue price may take into account:
(a)
where permitted by applicable law, amounts with respect to commissions relating to the issue
and sale of the Securities;
8

Risk Factors
(b)
the estimated profit that the Issuer and its subsidiary undertakings (together, the "Bank
Group" or "Barclays") expects to earn in connection with structuring the Securities;
(c)
internal funding rates (which are internally published borrowing rates based on variables such
as market benchmarks, the Bank Group's appetite for borrowing and Barclays' existing
obligations coming to maturity), which may vary from the levels at which Barclays'
benchmark debt Securities trade in the secondary market;
(d)
the estimated cost which Barclays may incur in hedging its obligations under the Securities;
and
(e)
estimated development and other costs which Barclays may incur in connection with the
Securities.
Information with respect to the amount of any such inducements, commissions and fees may
be obtained from the Issuer or distributor upon request.
2.2
Secondary market value of the Securities
Any secondary market prices of the Securities will likely be lower than the original issue price
of the Securities because, amongst other things, secondary market prices take into account the
secondary market credit spreads of the Issuer and, also, because (as described in risk factor 2.1
(Initial value of the Securities and Issue Price) above) secondary market prices will likely
exclude selling commissions, profits and hedging and other costs that are included in the
original issue price of the Securities. As a result, the price, if any, at which the Manager or any
other person would be willing to buy Securities from you in secondary market transactions, if
at all, is likely to be lower than the original issue price. Any sale by you prior to the scheduled
redemption date could result in a substantial loss to you. See the immediately following risk
consideration for information about additional factors that may impact any secondary market
prices of the Securities.
2.3
Factors affecting the value and trading price of the Securities
Generally, the market value of your Securities will be affected by the volatility or level of the
Underlying Asset at the time, changes in interest rates, the financial condition of the Issuer
(whether such changes are actual or perceived) and credit ratings, the supply of and demand
for the Securities, the time remaining until the maturity of the Securities and a number of other
factors. Some of these factors are interrelated in complex ways; as a result, the effect of any
one factor may be offset or magnified by the effect of another factor.
The price, if any, at which you will be able to sell your Securities prior to maturity, may be
substantially less than the amount you originally invested. The following paragraphs describe
the manner in which the market value of the Securities may be affected in the event of a
change in a specific factor, assuming all other conditions remain constant.

Performance of the Underlying Asset. The market value of the Securities prior to
maturity or prior to the relevant exercise date or period, as applicable, will likely
depend substantially on the current level (or, in some cases, performance since the date
on which the Securities were originally priced) of the Underlying Asset relative to its
initial level. If you decide to sell your Securities prior to maturity, when the current
level, price or value of the Underlying Asset at the time of sale is favourable relative to
its initial level, you may nonetheless receive substantially less than the amount that
would be payable at maturity based on that level because of expectations that the level
will continue to fluctuate until the final level is determined.

Volatility of the Underlying Asset. Volatility is the term used to describe the size and
frequency of market fluctuations. If the volatility of the Underlying Asset or its or their
components increases or decreases, the market value of the Securities may be adversely
affected.

Interest rates. The market value of the Securities will likely be affected by changes in
interest rates. Interest rates also may affect the economy and, in turn, the value of the
9

Risk Factors
Underlying Asset (if any) (or its components, if any), which would affect the market
value of the Securities.

Supply and demand for the Securities. In general, if the supply of the Securities
decreases and/or the demand increases and/or the demand for the Securities decreases,
the market value of the Securities may be adversely affected. The supply of the
Securities, and therefore the market value of the Securities, may be affected by
inventory positions held by Barclays.

The Issuer's or the Bank Group's financial condition, credit ratings and results of
operations. Actual or anticipated changes in the financial condition of the Issuer or the
Bank Group, current credit ratings or results of operations may significantly affect the
market value of the Securities. The significant difficulties experienced in the global
financial system in recent periods and resulting lack of credit, lack of confidence in the
financial sector, increased volatility in the financial markets and reduced business
activity could materially and adversely affect Barclays' business, financial condition,
credit ratings and results of operations. However, because the return on the Securities is
dependent upon factors in addition to the Issuer's ability to pay or settle its obligations
under the Securities (such as the current level of the Underlying Asset), an
improvement in the Issuer's financial condition, credit ratings or results of operations is
not expected to have a positive effect on the market value of the Securities. These
credit ratings relate only to the Issuer's creditworthiness, do not affect or enhance the
performance of the Securities and are not indicative of the risks associated with the
Securities or an investment in the Underlying Asset. A rating is not a recommendation
to buy, sell or hold securities and may be subject to suspension, change or withdrawal
at any time by the assigning rating agency.

Time remaining to maturity. A 'time premium' results from expectations concerning the
level of the Underlying Asset during the period prior to the maturity of the Securities.
As the time remaining to the maturity of the Securities decreases, this time premium
will likely decrease, potentially adversely affecting the market value of the Securities.
As the time remaining to maturity decreases, the market value of the Securities may be
less sensitive to the volatility in the Underlying Asset.

Events affecting or involving the reference asset. Economic, financial, regulatory,
geographic, judicial, political and other developments that affect the level of the
Underlying Asset, and real or anticipated changes in those factors, also may affect the
market value of the Securities. For example, for Underlying Asset composed of equity
securities, the financial condition and earnings results of the share issuer, and real or
anticipated changes in those conditions or results, may affect the market value of the
Securities. In addition, speculative trading by third parties in the Underlying Asset
could significantly increase or decrease the level of the Underlying Asset, thereby
exposing the Underlying Asset to additional volatility which could affect the market
value of the Securities.
The effect of one of the factors specified above may offset some or all of any change in the
market value of the Securities attributable to another factor.
These factors may affect the market price of the Securities, including any market price which
you receive in any secondary market transaction, and may be: (i) different from the value of
the Securities as determined by reference to Barclays' pricing models; and (ii) less than the
issue price. As a result, if you sell your Securities prior to scheduled maturity, you may receive
back less than your initial investment or even zero.
2.4
Over-issuance
As part of its issuing, market-making and/or trading arrangements, the Issuer may issue more
Securities than those which are to be initially subscribed or purchased by third party investors.
The Issuer (or the Issuer's affiliates) may hold such Securities for the purpose of meeting any
future investor interest or to satisfy market-making requirements. You should therefore not
10