Bond Barclay PLC 1.7% ( XS2251641267 ) in GBP

Barclay PLC

100 % ▲

United Kingdom

XS2251641267 ( in GBP )

1.7% per year ( payment 1 time a year)

02/11/2026

Prospectus brochure of the bond Barclays PLC XS2251641267 en GBP 1.7%, maturity 02/11/2026

100 000 GBP

400 000 000 GBP

03/11/2026 ( In 347 days )

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 XS2251641267, pays a coupon of 1.7% per year.
The coupons are paid 1 time per year and the Bond maturity is 02/11/2026

EXECUTION VERSION
IMPORTANT PROHIBITION OF SALES TO EEA OR UK RETAIL INVESTORS - The Notes are not
intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made
available to any retail investor in the European Economic Area ("EEA") or in the United Kingdom (the "UK").
For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point
(11) of Article 4(1) of Directive 2014/65/EU, as amended ("MiFID II"); or (ii) a customer within the meaning of
Directive (EU) 2016/97 (as amended or superseded), where that customer would not qualify as a professional
client as defined in point (10) of Article 4(1) of MiFID II. Consequently no key information document required
by Regulation (EU) No 1286/2014, as amended (the "PRIIPs Regulation") for offering or selling the Notes or
otherwise making them available to retail investors in the EEA or in the UK has been prepared and therefore
offering or selling the Notes or otherwise making them available to any retail investor in the EEA or in the UK
may be unlawful under the PRIIPs Regulation.
MIFID II product governance / Professional investors and ECPs only target market Solely for the purposes
of the manufacturer's product approval process, the target market assessment in respect of the Notes has led to the
conclusion that: (i) the target market for the Notes is eligible counterparties and professional clients only, each as
defined in "MiFID II"; and (ii) all channels for distribution of the Notes to eligible counterparties and professional
clients are appropriate. Any person subsequently offering, selling or recommending the Notes (a "distributor")
should take into consideration the manufacturer's target market assessment; however, a distributor subject to
MiFID II is responsible for undertaking its own target market assessment in respect of the Notes (by either
adopting or refining the manufacturer's target market assessment) and determining appropriate distribution
channels.
Final Terms dated 30 October 2020
BARCLAYS PLC
Legal entity identifier (LEI): 213800 LBQA 1Y9L22JB70
Issue of £400,000,000 1.700 per cent. Reset Notes due 2026
under the £60,000,000,000 Debt Issuance Programme
PART A CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Terms and Conditions of the
Notes (the "Conditions") set forth in the base prospectus dated 25 February 2020 and the supplemental base
prospectuses dated 30 April 2020, 30 July 2020 and 26 October 2020 which together constitute a base prospectus
(the "Base Prospectus") for the purposes of Regulation (EU) 2017/1129 (the "Prospectus Regulation"). This
document constitutes the Final Terms of the Notes described herein for the purposes of the Prospectus Regulation
and must be read in conjunction with the Base Prospectus.
Full information on the Issuer and the offer of the Notes described herein is only available on the basis of the
combination of these Final Terms and the Base Prospectus. The Base Prospectus and these Final Terms have been
published on the website of the Regulatory News Service operated by the London Stock Exchange at
http://www.londonstockexchange.com/exchange/news/market-news/market-news-home.html.
1.
(i)
Issuer:
Barclays PLC

2.
(i)
Series Number:
252

(ii)
Tranche Number:
1

(iii)
Date on which the Notes become Not Applicable

fungible:
3.
Specified Currency or Currencies:
GBP ("£")

4.
Aggregate Nominal Amount:
£400,000,000

5.
Issue Price:
99.990 per cent. of the Aggregate Nominal Amount

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6.
(i)
Specified Denominations:
£100,000 and integral multiples of £1,000 in excess
thereof

(ii)
Calculation Amount:
£1,000

7.
(i)
Issue Date:
3 November 2020

(ii)
Interest Commencement Date:
Issue Date

8.
Maturity Date:
3 November 2026

9.
Interest Basis:
Reset Notes

(see paragraph 15 below)
10.
Redemption/Payment Basis:
Subject to any purchase and cancellation or early
redemption, the Notes will be redeemed on the Maturity
Date at 100 per cent. of their nominal amount
11.
Change of Interest or
Not Applicable

Redemption/Payment Basis:
12.
Call Options:
Issuer Call

13.
(i)
Status of the Notes:
Senior

(ii)
Date of approval for issuance of 24 February 2020

Notes obtained:
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

14.
Fixed Rate Note Provisions
Not Applicable

15.
Reset Note Provisions
Applicable

(i)
Initial Rate of Interest:
1.700 per cent. per annum payable in arrear on each
Interest Payment Date up to and including the First
Reset Date

(ii)
Interest Payment Date(s):
3 November in each year up to and including the
Maturity Date

(iii)
Fixed Coupon Amount up to (but £17.00 per Calculation Amount

excluding) the First Reset Date:

(iv)
Broken Amount(s):
Not Applicable

(v)
Reset Reference Rate:
Sterling Reference Bond Rate

(vi)
First Reset Date:
3 November 2025

(vii)
Day Count Fraction:
Actual/Actual (ICMA)

(viii)
Reset Date(s):
The First Reset Date

(ix)
Mid-Swap Rate:
Not Applicable

(x)
Reference Bond Rate:
Not Applicable

(xi)
Sterling Reference Bond Rate:
Applicable

Reset Margin:
+ 1.75 per cent. per annum
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(xii)
U.S. Treasury Rate:
Not Applicable

(xiii)
Reference Banks:
Not Applicable

(xiv)
Reset Determination Dates:
The second Business Day prior to the First Reset Date

(xv)
Minimum Rate of Interest:
Zero

(xvi)
Maximum Rate of Interest:
Not Applicable

(xvii)
Business Day Convention:
No adjustment

(xviii) Additional Business Centre(s):
Not Applicable

(xix)
Reset Determination Time:
As per the Conditions

(xx)
Agent Bank:
The Bank of New York Mellon, London Branch

16.
Floating Rate Note Provisions
Not Applicable

17.
Zero Coupon Note Provisions
Not Applicable

PROVISIONS RELATING TO REDEMPTION

18.
Call Option
Applicable

(i)
Optional Redemption Date(s) Any date from and including the Issue Date to and
(Call):
including the First Reset Date

(ii)
Optional Redemption Amount In the case of the Optional Redemption Date(s) falling
(Call):
in the period from and including the Issue Date to but
excluding the First Reset Date (the "Make Whole
Redemption Dates"): the Make Whole Redemption
Price
In the case of the Optional Redemption Date falling on
the First Reset Date: 100 per cent. per Calculation
Amount

(iii)
Make Whole Redemption Price:
Sterling Make Whole Redemption Amount

(a)
Redemption Margin:
0.300 per cent.

(b)
Reference Bond:
UKT 2.000% 7 September, 2025

(c)
Quotation Time:
11.00 a.m. (London time)

(d)
Relevant Make Whole PXUK or any page as may replace such page

Screen Page:

(e)
Reference Date:
As per the Conditions

(f)
Par Redemption Date:
The First Reset Date

(iv)
Redeemable in part:
Applicable in respect of any redemption which occurs
on a Make Whole Redemption Date
Otherwise, any redemption of the Notes on the First
Reset Date may only be in whole but not in part

(a) Minimum
Redemption Not Applicable

Amount:
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(b) Maximum
Redemption Not Applicable

Amount:

(v)
Notice period:
Minimum period: 15 days

Maximum period: 60 days

(vi)
Optional Redemption Amount Not Applicable

(Regulatory Event) (for Tier 2
Capital Notes only):

(vii)
Early Redemption Amount £1,000 per Calculation Amount

(Tax):

(viii)
Optional Redemption Amount £1,000 per Calculation Amount

(Loss Absorption
Disqualification Event) (for
Senior Notes only):
19.
Final Redemption Amount of each Note:
Subject to any purchase and cancellation or early
redemption, the Notes will be redeemed on the Maturity
Date at £1,000 per Calculation Amount
20.
Early Termination Amount:
As per the Conditions

GENERAL PROVISIONS APPLICABLE TO THE NOTES

21.
Form of Notes
Registered Notes:

Unrestricted Global Certificate registered in the name of
a nominee for a common safekeeper for Euroclear and
Clearstream, Luxembourg (that is, held under the New
Safekeeping Structure (NSS)) exchangeable for
Unrestricted Individual Certificates in the limited
circumstances described in the Unrestricted Global
Certificate.
22.
New Global Note:
No

23.
Additional Financial Centre(s) or other Not Applicable

special provisions relating to payment
dates:
24.
Talons for future Coupons to be attached No

to Definitive Notes:
25.
Relevant Benchmarks:
Not Applicable

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SIGNED on behalf of BARCLAYS PLC:

By: Miray Muminoglu

Duly authorised
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PART B OTHER INFORMATION

1.
LISTING

(i)
Listing and admission to trading: Application is expected to be made by the Issuer (or on
its behalf) for the Notes to be admitted to trading on the
Regulated Market of the London Stock Exchange with
effect from on or about the Issue Date.
The Notes are also expected to be admitted to the
Sustainable Bond Market of the London Stock
Exchange with effect from on or about the Issue Date.

(ii)
Estimate of total expenses related £4,725

to admission to trading:
2.
RATINGS

Ratings:
The Notes to be issued are expected to be rated:

S&P Global Ratings Europe Limited ("Standard &
Poor's"): BBB
An obligation rated 'BBB' exhibits adequate protection
parameters. However, adverse economic conditions or
changing circumstances are more likely to weaken the
obligor's capacity to meet its financial commitments on
the obligation.
(Source: S&P,
https://www.standardandpoors.com/en_US/web/guest/a
rticle/-/view/sourceId/504352)

Moody's Investors Service Ltd. ("Moody's"): Baa2

An obligation rated 'Baa' is judged to be medium-grade
and subject to moderate credit risk and as such may
possess certain speculative characteristics. The modifier
'2' indicates a mid-range ranking.
(Source: Moody's,
https://www.moodys.com/ratingsprocess/Ratings-
Definitions/002002)

Fitch Ratings Limited ("Fitch"): A

An obligation rated 'A' denotes an expectation of low
default risk. The capacity for payment of financial
commitments is considered strong. This capacity may,
nevertheless, be more vulnerable to adverse business or
economic conditions than is the case for higher ratings.
(Source:
Fitch Ratings,
https://www.fitchratings.com/products/rating-
definitions)

Each of Moody's, Standard & Poor's and Fitch is
established in the UK or the European Economic Area
(the "EEA") and is registered under Regulation (EC)
No. 1060/2009 (as amended) (the "CRA Regulation").
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As such, each of Moody's, Standard & Poor's and Fitch
is included in the list of credit rating agencies published
by the European Securities and Markets Authority on its
website in accordance with the CRA Regulation
3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE

Save as discussed in "Subscription and Sale", so far as the Issuer is aware, no person involved in the
offer of the Notes has an interest that is material to the offer.

The Managers and their affiliates have engaged, and may in the future engage, in investment banking
and/or commercial banking transactions with, and may perform other services for, the Issuer and its
affiliates in the ordinary course of business.
4.
USE OF PROCEEDS

Estimated net proceeds:
£398,860,000

The net proceeds of the issue will be used for general corporate purposes of the Issuer and its
subsidiaries and/or the Group and may be used to strengthen further the capital base of the Issuer and
its subsidiaries and/or the Group.

More particularly, an amount of funding equal to the net proceeds of the issue of the Notes (as at the
date of issuance) will be allocated to Barclays Bank UK PLC as funding for the financing and/or re-
financing of Eligible Mortgage Assets.

An amount equal to any net proceeds (as at the date of issuance) which, from time to time, are not
allocated as funding for the purpose described above will be invested, at the Issuer's discretion, in
cash and short-term and liquid investments and in accordance with its liquidity policy pending
allocation as funding towards the financing and/or re-financing of Eligible Mortgage Assets, as
described above. The Issuer does not undertake to ensure that there is at all times a sufficient
aggregate amount of Eligible Mortgage Assets to allow for allocation of funding representing the net
proceeds of the issue of the Notes in full.

The Eligibility Criteria have been designed by the Issuer to meet the 2018 ICMA Green Bond
Principles, the United Nations Sustainable Development Goals and the Climate Bonds Initiative's
Climate Bond Standards as at the date of issuance of the Notes.

Carbon Trust Assurance Limited (the "Carbon Trust") has provided a second party opinion in which
they have confirmed that the Issuer's Green Bond Framework meets the 2018 ICMA Green Bond
Principles (applicable as at the date of issuance of the Notes).

The Carbon Trust (who are a qualified and approved Climate Bonds Initiative ("CBI") verifier) has
produced a report of factual findings dated 19 October 2020 in relation to conformance of the
proposed issuance of Notes and the Issuer's Green Bond Framework with the pre-issuance
requirements of the Climate Bonds Standard Version 3. On the basis of this report, a Pre-Issuance
Certification has been obtained from the CBI.

The Issuer will publish an investor report annually for each issuance of Notes in line with annual
results. It is intended that each investor report will be accompanied by an independent assurance
report.

All opinions and assurance reports will be made available on the Issuer's Investor Relations website.

"Eligibility Criteria" means:

Energy efficient residential properties in England and Wales that have been originated within the last
3 years prior to the issuance date and are at or below the estimated "carbon intensity maximum" of
22.53 kgCO2/m2/year.

Properties at or below this maximum, are estimated to be in the top 15 per cent. of the lowest carbon
intensive buildings in England and Wales in terms of estimated emissions performance in their local
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market on the date of these Final Terms. They are therefore deemed to meet the Eligibility Criteria,
based on Energy Performance Certificate data.

"Eligible Mortgage Assets" means:

Mortgages on residential properties which meet the Eligibility Criteria and are not used by the Group
as collateral in any transaction.
5.
YIELD

Indication of yield:
1.702 per cent. per annum

The indicative yield is calculated at the Issue Date on
the basis of the Issue Price. It is not an indication of
future yield.
6.
OPERATIONAL INFORMATION

(i)
CUSIP Number
Not Applicable

(ii)
ISIN:
XS2251641267

(iii)
Common Code:
225164126

(iv)
FISN:
BARCLAYS PLC/1EMTN 20261103, as updated on
the website of the Association of National Numbering
Agencies

(v)
CFI Code:
DTFXFR, as updated on the website of the Association
of National Numbering Agencies

(vi)
CINS Code:
Not Applicable

(vii)
CMU Instrument Number:
Not Applicable

(viii)
Any clearing system(s) other than Not Applicable

Euroclear,
Clearstream
Luxembourg, DTC or the CMU
Service and the relevant
identification number(s):

(ix)
Delivery:
Delivery free of payment

(x)
Names and addresses of Not Applicable

additional Paying Agent(s) (if
any):

(xi)
Green Notes:
Yes

(xii)
Intended to be held in a manner Yes. Note that the designation "yes" simply means that
which would allow Eurosystem the Notes are intended upon issue to be deposited with
eligibility:
one of the ICSDs as common safekeeper, and registered
in the name of a nominee of one of the ICSDs acting as
common safekeeper, and does not necessarily mean that
the Notes will be recognised as eligible collateral for
Eurosystem monetary policy and intra day credit
operations by the Eurosystem either upon issue or at any
or all times during their life. Such recognition will
depend upon the ECB being satisfied that Eurosystem
eligibility criteria have been met.
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7.
DISTRIBUTION

(i)
U.S. Selling Restrictions:
Reg. S Compliance Category 2

(ii)
Method of distribution:
Syndicated

(iii)
If syndicated

(a)
Names of Managers:
Barclays Bank PLC, ABN AMRO Bank N.V., Banco
Santander S.A., Crédit Agricole Corporate and
Investment Bank, Danske Bank A/S, ING Bank N.V.,
Belgian branch, Lloyds Bank Corporate Markets plc and
Nomura International plc

(b)
Stabilisation Manager(s) Not Applicable

(if any):

(iv)
If non-syndicated, name and
Not Applicable

address of Dealer:

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Document Outline

#6">PART B … OTHER INFORMATION