Obbligazione Barclay PLC 3.9% ( US06746XCW11 ) in USD

Emittente Barclay PLC
Prezzo di mercato 100 USD  ▼ 
Paese  Regno Unito
Codice isin  US06746XCW11 ( in USD )
Tasso d'interesse 3.9% per anno ( pagato 2 volte l'anno)
Scadenza 30/05/2023 - Obbligazione è scaduto



Prospetto opuscolo dell'obbligazione Barclays PLC US06746XCW11 in USD 3.9%, scaduta


Importo minimo 1 000 USD
Importo totale 4 450 000 USD
Cusip 06746XCW1
Standard & Poor's ( S&P ) rating A ( Upper medium grade - Investment-grade )
Moody's rating A1 ( Upper medium grade - Investment-grade )
Descrizione dettagliata Barclays PLC è una banca multinazionale britannica che offre una vasta gamma di servizi finanziari a clienti privati, aziende e istituzioni in tutto il mondo.

The Obbligazione issued by Barclay PLC ( United Kingdom ) , in USD, with the ISIN code US06746XCW11, pays a coupon of 3.9% per year.
The coupons are paid 2 times per year and the Obbligazione maturity is 30/05/2023

The Obbligazione issued by Barclay PLC ( United Kingdom ) , in USD, with the ISIN code US06746XCW11, was rated A1 ( Upper medium grade - Investment-grade ) by Moody's credit rating agency.

The Obbligazione issued by Barclay PLC ( United Kingdom ) , in USD, with the ISIN code US06746XCW11, was rated A ( Upper medium grade - Investment-grade ) by Standard & Poor's ( S&P ) credit rating agency.







424B2 1 a18-14489_6424b2.htm 5Y FLOAT TO FIX PS US06746XCW11 [BARC-AMERICAS.FID970683]

Pricing Supplement dated May 24, 2018
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)


U S$ 4 ,4 5 0 ,0 0 0
FLOAT I N G ­ T O ­ FI X ED RAT E N OT ES DU E M AY 3 0 , 2 0 2 3

Princ ipa l Am ount :
US$4,450,000
I ssue r:
Barclays Bank PLC




I ssue Pric e :
100% of the principal amount of the Notes
Se rie s:
Global Medium-Term Notes,



Series A

Pa ym e nt a t M a t urit y:
If you hold the Notes to maturity, you will 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.

Origina l T ra de Da t e :
May 24, 2018
M a t urit y Da t e :
May 30, 2023




Origina l I ssue Da t e :
May 30, 2018
De nom ina t ions:
Minimum denominations of


US$1,000 and integral multiples of
CU SI P/I SI N :
06746XCW1 / US06746XCW11
US$1,000 thereafter.

Re fe re nc e Ra t e :
3-month LIBOR


I nt e re st Ra t e :
For each Interest Period commencing on or after the Original Issue Date to but excluding November 30, 2020 (the
"Floa t ing Ra t e Pe riod "), the interest rate per annum will be equal to the greater of (a) the sum of the Reference
Rate and the Spread and (b) the Minimum Interest Rate.

For each Interest Period commencing on or after November 30, 2020 to but excluding the Maturity Date (the "Fix e d
Ra t e Pe riod "), the interest rate per annum will be equal to the Fixed Rate.

Fix e d Ra t e :
3.90% per annum

Spre a d:
0.35% per annum

M inim um I nt e re st Ra t e :
0.00% per annum

Conse nt t o U .K . Ba il -in
Notwithstanding any other agreements, arrangements or understandings between Barclays Bank PLC and any holder of
Pow e r
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.


[Terms of Note continue on the following page]





Pric e t o Public
Age nt 's Com m ission (1)
Proc e e ds t o Ba rc la ys Ba nk PLC (1)



Pe r N ot e
100%
1.50%
98.50%



T ot a l
$4,450,000
$66,750
$4,383,250

(1) Barclays Capital Inc. will receive commissions from the Issuer equal to 1.50% of the principal amount of the Notes, or $15.00 per $1,000 principal amount,
and may retain all or a portion of these commissions or use all or a portion of these commissions to pay selling concessions or fees to other dealers.

I nve st ing in t he N ot e s involve s a num be r of risk s. Se e "Risk Fa c t ors" be ginning on pa ge S-7 of t he prospe c t us supple m e nt
a nd "Se le c t e d Risk Fa c t ors" be ginning on pa ge PS­3 of t his pric ing supple m e nt .

We m a y use t his pric ing supple m e nt in t he init ia l sa le of N ot e s. I n a ddit ion, Ba rc la ys Ca pit a l I nc . or a not he r of our a ffilia t e s
m a y use t his pric ing supple m e nt in m a rk e t re sa le t ra nsa c t ions in a ny N ot e s a ft e r t he ir init ia l sa le . U nle ss w e or our a ge nt
inform s you ot he rw ise in t he c onfirm a t ion of sa le , t his pric ing supple m e nt is be ing use d in a m a rk e t re sa le t ra nsa c t ion.

T he N ot e s w ill not be list e d on a ny U .S. se c urit ie s e x c ha nge or quot a t ion syst e m . N e it he r t he Se c urit ie s a nd Ex c ha nge
Com m ission nor a ny st a t e se c urit ie s c om m ission ha s a pprove d or disa pprove d of t he se se c urit ie s or de t e rm ine d t ha t t his
pric ing supple m e nt is t rut hful or c om ple t e . Any re pre se nt a t ion t o t he c ont ra ry is a c rim ina l offe nse .

T he N ot e s c onst it ut e our dire c t , unc ondit iona l, unse c ure d a nd unsubordina t e d obliga t ions a nd a re not de posit lia bilit ie s of
e it he r Ba rc la ys PLC or Ba rc la ys Ba nk PLC a nd a re not c ove re d by t he U .K . Fina nc ia l Se rvic e s Com pe nsa t ion Sc he m e or
insure d or gua ra nt e e d by t he U .S. Fe de ra l De posit I nsura nc e Corpora t ion or a ny ot he r gove rnm e nt a l a ge nc y of t he U nit e d
St a t e s, t he U nit e d K ingdom or a ny ot he r jurisdic t ion.

th
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I nt e re st Pa ym e nt Da t e s:
Payable quarterly in arrear on the 30 day of each February, May, August and November, commencing on August 30,
2018 and ending on the Maturity Date.

I nt e re st Pe riod:
The initial Interest Period will begin on, and include, the Original Issue Date and end on, but exclude, the first Interest
Payment Date. Each subsequent Interest Period will begin on, and include, the Interest Payment Date for the
immediately preceding Interest Period and end on, but exclude, the next following Interest Payment Date. The final
Interest Period will end on, but exclude, the Maturity Date.

I nt e re st Re se t Da t e s:
For any Interest Period during the Floating Rate Period, the first day of such period.


I nt e re st De t e rm ina t ion
Two London Business Days prior to the relevant Interest Reset Date.
Da t e s:

Busine ss Da y
Following, unadjusted; 30/360
Conve nt ion/Da y Count
Fra c t ion:

Busine ss Da y:
A Monday, Tuesday, Wednesday, Thursday or Friday that is neither a day on which banking institutions in New York

City generally are authorized or obligated by law, regulation, or executive order to be closed.

Se t t le m e nt :
DTC; Book-entry; Transferable.


List ing:
The Notes will not be listed on any U.S. securities exchange or quotation system.


Age nt :
Barclays Capital Inc.





Y ou should re a d t his pric ing supple m e nt t oge t he r w it h t he prospe c t us da t e d M a rc h 3 0 , 2 0 1 8 , a s supple m e nt e d by
t he prospe c t us supple m e nt da t e d J uly 1 8 , 2 0 1 6 re la t ing t o our Globa l M e dium -T e rm N ot e s, Se rie s A, of w hic h t he se
N ot e s a re a pa rt . T his pric ing supple m e nt , t oge t he r w it h t he doc um e nt s list e d be low , c ont a ins t he t e rm s of t he
N ot e s a nd supe rse de s a ll prior or c ont e m pora ne ous ora l st a t e m e nt s a s w e ll a s a ny ot he r w rit t e n m a t e ria ls
inc luding pre lim ina ry or indic a t ive pric ing t e rm s, c orre sponde nc e , t ra de ide a s, st ruc t ure s for im ple m e nt a t ion,
sa m ple st ruc t ure s, broc hure s or ot he r e duc a t iona l m a t e ria ls of ours. Y ou should c a re fully c onside r, a m ong ot he r
t hings, t he m a t t e rs se t fort h unde r "Risk Fa c t ors" in t he prospe c t us supple m e nt , a s t he N ot e s involve risk s not
a ssoc ia t e d w it h c onve nt iona l de bt se c urit ie s. We urge you t o c onsult your inve st m e nt , le ga l, t a x , a c c ount ing a nd
ot he r a dvisors be fore you inve st in t he N ot e s.

Whe n you re a d t he prospe c t us supple m e nt , not e t ha t a ll re fe re nc e s t o t he prospe c t us da t e d J uly 1 8 , 2 0 1 6 , or t o
a ny se c t ions t he re in, should re fe r inst e a d t o t he a c c om pa nying prospe c t us da t e d M a rc h 3 0 , 2 0 1 8 , or t o t he
c orre sponding se c t ions of t ha t prospe c t us.

Y ou m a y a c c e ss t he se doc um e nt s on t he SEC w e bsit e a t w w w .se c .gov a s follow s (or if suc h a ddre ss ha s c ha nge d,
by re vie w ing our filings for t he re le va nt da t e on t he SEC w e bsit e ):

·
Prospe c t us da t e d M a rc h 3 0 , 2 0 1 8 :

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

·
Prospe c t us Supple m e nt da t e d J uly 1 8 , 2 0 1 6 :

https://www.sec.gov/Archives/edgar/data/312070/000110465916132999/a16-14463_21424b3.htm

Our SEC file num be r is 1 -1 0 2 5 7 a nd our Ce nt ra l I nde x K e y, or CI K , on t he SEC w e bsit e is 0 0 0 0 3 1 2 0 7 0 . As use d in
t his t e rm she e t , t he "Com pa ny," "w e ," "us," or "our" re fe rs t o Ba rc la ys Ba nk PLC.

PS-1

CON SEN T T O U .K . BAI L-I N 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.
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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 allows for
(i) the reduction or cancellation of all, or a portion, of the principal amount of, interest on, or any other amounts payable on, the
Notes; (ii) the conversion of all, 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 (iii) 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 will be varied, if necessary, solely to give effect to, the exercise of any U.K. Bail-in Power by the relevant U.K. resolution
authority. For the avoidance of doubt, this consent and acknowledgment is not a waiver of any rights holders of the 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 m ore inform a t ion, ple a se se e "Se le c t e d Risk Fa c t ors--Y ou M a y Lose Som e or All of Y our I nve st m e nt I f
Any U .K . Ba il-in Pow e r I s Ex e rc ise d by t he Re le va nt U .K . Re solut ion Aut horit y" in t his pric ing supple m e nt a s
w e ll a s "U .K . Ba il-in Pow e r," "Risk Fa c t ors--Risk s Re la t ing t o t he Se c urit ie s Ge ne ra lly--Re gula t ory a c t ion in
t he e ve nt a ba nk or inve st m e nt firm in t he Group is fa iling or lik e ly t o fa il c ould m a t e ria lly a dve rse ly a ffe c t
t he va lue of t he se c urit ie s" a nd "Risk Fa c t ors--Risk s Re la t ing t o t he Se c urit ie s Ge ne ra lly--U nde r t he t e rm s
of t he se c urit ie s, you ha ve a gre e d t o be bound by t he e x e rc ise of a ny U .K . Ba il-in Pow e r by t he re le va nt
U .K . re solut ion a ut horit y" in t he a c c om pa nying prospe c t us supple m e nt .

PS-2

SELECT ED RI SK FACT ORS

An inve st m e nt in t he N ot e s involve s signific a nt risk s. Y ou should re a d t he risk s sum m a rize d be low in
c onne c t ion w it h, a nd t he risk s sum m a rize d be low a re qua lifie d by re fe re nc e t o, t he risk s de sc ribe d in m ore
de t a il in t he "Risk Fa c t ors" se c t ion be ginning on pa ge S -7 of t he prospe c t us supple m e nt . We urge you t o
c onsult your inve st m e nt , le ga l, t a x , a c c ount ing a nd ot he r a dvise rs a nd t o inve st in t he N ot e s only a ft e r you
a nd your a dvisors ha ve c a re fully c onside re d t he suit a bilit y of a n inve st m e nt in t he N ot e s in light of your
pa rt ic ula r c irc um st a nc e s.

· 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 Pow er Is Exercised by the Relevant
U .K . Re solut ion Aut horit y--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 all 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 typically 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
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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 will not be a default or an Event of Default (as each term is defined in the indenture) and the trustee will 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 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.

· Reference Rate / Interest Payment Risk --Because any interest payments on the Notes during the Floating Rate
Period will be based on a floating rate of interest, you will 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 a lesser amount of interest than for one or more prior Interest Periods. 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 for any Interest Period where the sum Reference Rate and the Spread were equal to or less than the
Minimum Interest Rate. 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.

· Certain Built -In Costs Are Likely to Adversely Affect the Value of the Notes Prior to Maturity--While
the payment at maturity described in this pricing supplement is based on the full principal amount of your Notes, the
original issue price of the Notes includes the agent's commission and the cost of hedging our obligations under the Notes
through one or more of our affiliates. As a result, the price, if any, at which Barclays Capital Inc. and other affiliates of
Barclays Bank PLC may be willing to purchase Notes from you in secondary market transactions will 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.

· Suitability of the Notes for Investment --You should reach a decision whether to invest in the Notes after carefully
considering, with your advisors, the suitability of the Notes in light of your investment objectives and the

PS-3

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
Affe c t Y our N ot e s in V a rious Wa ys a nd Cre a t e Conflic t s of I nt e re st -- 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 potentially 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, seller 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
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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 will also act as the Calculation Agent for the Notes. As Calculation Agent,
we will 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 potentially 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 will 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 allow you to trade or sell 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 willing to buy the Notes. The Notes are
not designed to be short-term trading instruments. Accordingly, you should be able and willing to hold your Notes to
maturity.

· 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 compelling 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 will not be guaranteed after 2021.
It is impossible to predict whether and to what extent banks will 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.

· Historical Performance of the Reference Rate Should Not Be Taken as Any Indication of the Future
Pe rform a nc e of t he Re fe re nc e Ra t e Ove r t he T e rm of t he N ot e s -- 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.

PS-4

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

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.


PS-5

H Y POT H ET I CAL AM OU N T S PAY ABLE ON T H E N OT ES

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The examples below illustrate the various payments 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 will 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.

H Y POT H ET I CAL I N T EREST RAT E AN D I N T EREST PAY M EN T CALCU LAT I ON S

As described above, during the Floating Rate Period, the effective per annum Interest Rate payable on the Notes on each Interest
Payment Date will be a floating rate calculated as described under Interest Rate above. The following illustrates the process by
which the Interest Rate and interest payment amount are determined for each Interest Period during the Floating Rate Period.

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

I nt e re st Ra t e Ca lc ula t ion

Step 1: Determine the value of the Reference Rate for the Interest Period

For each Interest Period during the Floating Rate Period, a 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. 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 applicable Interest Rate for each Interest Period

For each Interest Period during the Floating Rate Period, once the Calculation Agent has determined the value of the Reference
Rate, the Calculation Agent then will determine the per annum Interest Rate for that Interest Period by calculating the sum of the
Reference Rate and the Spread. If the sum of the Reference Rate and the Spread is less than the Minimum Interest Rate, the
Interest Rate for that Interest Period will equal the Minimum Interest Rate.

Step 3: 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
will calculate the effective interest rate for that Interest Period by multiplying the per annum Interest Rate determined for that
Interest Period by the applicable day count fraction. The resulting effective interest rate is then multiplied by the relevant principal
amount of the Notes to determine the actual interest amount payable on the related Interest Payment Date.

Ex a m ple I nt e re st Ra t e a nd I nt e re st Pa ym e nt Ca lc ula t ions

The following examples illustrate 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 illustrative
purposes only and may not represent actual likely Reference Rate values that will 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. For the purposes of these examples, we have assumed that the Notes have quarterly Interest Payment
Dates, that interest payments will 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 will 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.

Example 1:
The Reference Rate is equal to 2.15%


Based on a Reference Rate equal to 2.15% and the Spread of 0.35%, the Interest Rate would be equal to 2.50% per annum (the
sum of the Reference Rate and the Spread).

Effective Interest Rate = 2.50% x (90/360) = 0.625%

PS-6

Interest Payment = $1,000 x 0.625% = $6.25
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Example 2:
The Reference Rate is equal to -0.15%


Based on a Reference Rate equal to -0.15% and the Spread of 0.35%, the Interest Rate would be equal to 0.20% per annum (the
sum of the Reference Rate and the Spread).

Effective Interest Rate = 0.20% x (90/360) = 0.05%

Interest Payment = $1,000 x 0.05% = $0.50

Example 3:
The Reference Rate is equal to -1.50%


Based on a Reference Rate equal to -1.50% and the Spread of 0.35%, the Interest Rate would be equal to -1.15% per annum (the
sum of the Reference Rate and the Spread). Because the Interest Rate is less than the Minimum Interest Rate, the Interest Rate
applicable to such period is equal to the Minimum Interest Rate of 0.00%, which results in no interest payment on the related
Interest Payment Date.

PS-7

H I ST ORI CAL I N FORM AT I ON

The following graph sets forth the Reference Rate for the period from January 1, 2008 to May 24, 2018. The Reference Rate on
May 24, 2018 was 2.325%. The historical performance of the Reference Rate should not be taken as an indication of its future
performance. Future performance of the Reference Rate may differ significantly from historical performance, and no assurance can
be given as to the Reference Rate during the term of the Notes, including on the interest determination dates. We obtained the
information in the graph below from Bloomberg Financial Markets, without independent verification.


PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS

PS-8

T AX CON SI DERAT I ON S

You should review carefully the sections entitled "Material U.S. Federal Income Tax Consequences--Tax Consequences to U.S.
Holders--Notes Treated as Indebtedness for U.S. Federal Income Tax Purposes" and, if you are a non-U.S. holder, "--Tax
Consequences to Non-U.S. Holders," in the accompanying prospectus supplement. The discussion below applies to you only if you
are an initial purchaser of the Notes; if you are a secondary purchaser of the Notes, the tax consequences to you may be different.
In the opinion of our special tax counsel, Davis Polk & Wardwell LLP, the Notes should be treated as debt instruments for U.S.
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federal income tax purposes. The remainder of this discussion assumes that this treatment is correct.

Assuming the treatment described above is correct, in the opinion of our special tax counsel, the Notes will be treated for U.S.
federal income tax purposes as variable rate debt instruments that provide for a qualified floating rate ("QFR") followed by a single
fixed rate. Under Treasury regulations applicable to variable rate debt instruments, the Notes may be treated as issued with original
issue discount ("OID").

In order to determine the amount of qualified stated interest ("QSI") and OID in respect of the Notes, an equivalent fixed rate debt
instrument must be constructed. The equivalent fixed rate debt instrument is constructed in the following manner: (i) first, the fixed
rate is converted to a QFR that would preserve the fair market value of the Notes, and (ii) second, each QFR (including the QFR
determined under (i) above) is converted to a fixed rate substitute (which will generally be the value of that QFR as of the issue
date of the Notes). The rules described under "--Original Issue Discount Notes" in the accompanying prospectus supplement are
then applied to the equivalent fixed rate debt instrument for purposes of calculating the amount of OID on the Notes. Under these
rules, the Notes will generally be treated as providing for QSI at a rate equal to the lowest rate of interest in effect at any time
under the equivalent fixed rate debt instrument, and any interest in excess of that rate will generally be treated as part of the stated
redemption price at maturity and, therefore, as giving rise to OID.

QSI on the Notes will generally be taxable to you as ordinary income at the time it accrues or is received, in accordance with your
method of tax accounting. If the Notes are issued with OID, you will be required to include the OID in income for U.S. federal
income tax purposes as it accrues, in accordance with a constant-yield method based on a compounding of interest. If the Notes
are not issued with OID, all stated interest on the Notes will be treated as QSI and will be taxable to you as ordinary interest
income at the time it accrues or is received in accordance with your method of tax accounting. If the amount of interest you receive
on your Notes in a calendar year is greater than the interest assumed to be paid or accrued under the equivalent fixed rate debt
instrument, the excess is treated as additional QSI taxable to you as ordinary income. Otherwise, any difference will reduce the
amount of QSI you are treated as receiving and will therefore reduce the amount of ordinary income you are required to take into
income.

The discussions herein and in the accompanying prospectus supplement do not address the consequences to taxpayers subject to
special tax accounting rules under Section 451(b).

Information regarding the determination of QSI and the amount of OID, if any, on the Notes may be obtained by requesting them
from Barclays Cross Asset Sales Americas, at (212) 528-7198.

Upon a sale or exchange (including redemption at maturity), you will generally recognize taxable income or loss equal to the
difference between the amount realized on the sale or exchange (not including any amount attributable to accrued but unpaid QSI)
and your tax basis in the Notes, which will generally equal the amount you paid to acquire the Notes, increased by the amount of
OID (if any) previously included in income by you with respect to the Notes and reduced by any payments other than QSI received
by you with respect to the Notes. This gain or loss will generally be long-term capital gain or loss if you have held the Notes for
more than one year. The deductibility of capital losses is subject to limitation.

Non-U.S. Holders. We do not believe that non-U.S. holders should be required to provide a Form W-8 in order to avoid 30% U.S.
withholding tax with respect to the interest payments (or OID, if any), although the Internal Revenue Service could challenge this
position. However, non-U.S. holders should in any event expect to be required to provide appropriate Forms W-8 or other
documentation in order to establish an exemption from backup withholding, as described under the heading "--Information
Reporting and Backup Withholding" in the accompanying prospectus supplement. If any withholding is required, we will not be
required to pay any additional amounts with respect to amounts withheld.

You should consult your tax advisor regarding the U.S. federal tax consequences of an investment in the Notes, as well as tax
consequences arising under the laws of any state, local or non-U.S. taxing jurisdiction.

PS-9

CERT AI N EM PLOY EE RET I REM EN T I N COM E SECU RI T Y ACT CON SI DERAT I ON S

Your purchase of a Note in an Individual Retirement Account (an "IRA"), will be deemed to be a representation and warranty by
you, as a fiduciary of the IRA and also on behalf of the IRA, that (i) neither the issuer, the placement agent nor any of their
respective affiliates has or exercises any discretionary authority or control or acts in a fiduciary capacity with respect to the IRA
assets used to purchase the Note or renders investment advice (within the meaning of Section 3(21)(A)(ii) of the Employee
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Retirement Income Security Act ("ERISA")) with respect to any such IRA assets and (ii) in connection with the purchase of the
Note, the IRA will pay no more than "adequate consideration" (within the meaning of Section 408(b)(17) of ERISA) and in
connection with any redemption of the Note pursuant to its terms will receive at least adequate consideration, and, in making the
foregoing representations and warranties, you have (x) applied sound business principles in determining whether fair market value
will be paid, and (y) made such determination acting in good faith.

For additional ERISA considerations, see "Benefit Plan Investor Considerations" in the prospectus supplement.

SU PPLEM EN T AL T ERM S OF T H E N OT ES

Notwithstanding anything to the contrary in the accompanying prospectus supplement, the Calculation Agent will determine LIBOR
for each interest determination date during the Floating Rate Period as follows:

As of the interest determination date, LIBOR will be the arithmetic mean of the offered rates for deposits in the index currency
having the index maturity designated in this pricing supplement, commencing on that interest determination date, that appear on
the Designated Screen Page, as defined below, as of 11:00 a.m., London time, on that interest determination date, if at least two
offered rates appear on the Designated Screen Page; except that if the Designated Screen Page, by its terms provides only for a
single rate, that single rate will be used.

If (i) fewer than two offered rates appear on the Designated Screen Page and the Designated Screen Page does not by its terms
provide only for a single rate or (ii) no rate appears on the Designated Screen Page and the Designated Screen Page by its terms
provides only for a single rate, then the Calculation Agent will request the principal London offices of each of four major reference
banks in the London interbank market, as selected by the Calculation Agent after consultation with us, to provide the Calculation
Agent with its offered quotation for the rate of interest on deposits in the index currency for the period of the index maturity
specified in this pricing supplement commencing on that interest determination date or, if pounds sterling is the index currency,
commencing on that interest determination date, to prime banks in the London interbank market at approximately 11:00 a.m.,
London time, on that interest determination date and in a principal amount that is representative of a single transaction in that index
currency in that market at that time.

If at least two quotations are provided, LIBOR determined on that interest determination date will be the arithmetic mean of those
quotations. If fewer than two quotations are provided, LIBOR will be determined for the applicable interest reset date as the
arithmetic mean of the rates quoted at approximately 11:00 a.m., London time , in the applicable principal financial center for the
country of the index currency on that interest reset date, by three major banks in that principal financial center selected by the
Calculation Agent, after consultation with us, for loans in the index currency to leading European banks, having the index maturity
specified in this pricing supplement and in a principal amount that is representative of a single transaction in that index currency in
that market at that time.

If fewer than three major banks in that principal financial center selected by the Calculation Agent provide quotes as set forth
above, then the Calculation Agent, after consulting such sources as it deems comparable to the Designated Screen Page, or any
such source it deems reasonable from which to estimate the LIBOR, shall determine LIBOR for that interest determination date in
its sole discretion.

Notwithstanding the foregoing:

If the Calculation Agent determines in its sole discretion on or prior to the relevant interest determination date that LIBOR for
deposits in the index currency having the index maturity designated in this pricing supplement has been discontinued or such rate
has ceased to be published permanently or indefinitely, then the Calculation Agent shall use for the relevant interest determination
date a successor or substitute rate that it has determined in its sole discretion to be (a) the industry-

PS-10

accepted successor rate to the discontinued LIBOR or (b) if no such industry-accepted successor rate exists, the most comparable
substitute rate to the discontinued LIBOR; and

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 business day convention, the day count convention, the definitions of business day
and interest determination date 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
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LIBOR, in a manner that is consistent with industry-accepted practices for such successor or substitute rate for debt obligations
such as the Notes.

The "index currency" means U.S. dollars.

"Designated Screen Page" means the screen page displayed by Reuters, Bloomberg or any other service that is specified in this
pricing supplement, or any other page as may replace that page on that service, for the purpose of displaying the London interbank
rates of major banks for the applicable index currency published by the administrator of LIBOR.

"Three-month LIBOR" means the rate displayed on the Designated Screen Page with a designated maturity of three months
commencing on the interest reset date.

SU PPLEM EN T AL PLAN OF DI ST RI BU T I ON

We have agreed to sell to Barclays Capital Inc. (the "Age nt "), and the Agent has agreed to purchase from us, the principal amount
of the Notes, and at the price, specified on the cover of this pricing supplement. The Agent commits to take and pay for all of the
Notes, if any are taken.

We expect that delivery of the Notes will be made against payment for the Notes on or about the Original Issue Date indicated on
the cover of this document, which is more than two business days following the Original Trade Date. Under Rule 15c6-1 of the
Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in two business
days, unless the parties to any such trade expressly agree otherwise. Accordingly, if the Original Issue Date is more than two
business days following the Original Trade Date, purchasers who wish to trade the Notes on any date prior to two business days
before delivery will be required to specify alternative settlement arrangements to prevent a failed settlement. See "Plan of
Distribution (Conflicts of Interest)" in the prospectus supplement.

The Notes are not intended to be offered, sold or otherwise made available to and may not be offered, sold or otherwise made
available to any retail investor in the European Economic Area ("EEA Retail Investor"). For these purposes, an EEA 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 ("MiFID
II"); (ii) a customer within the meaning of Directive 2002/92/EC, where that customer would not qualify as a professional client as
defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in Directive 2003/71/EC. Consequently no
key information document required by Regulation (EU) No 1286/2014 (as amended from time to time, the "PRIIPs Regulation") for
offering or selling the Notes or otherwise making them available to EEA Retail Investors has been prepared and therefore offering
or selling such Notes or otherwise making them available to any EEA Retail Investor may be unlawful under the PRIIPs Regulation.

PS-11

V ALI DI T Y OF T H E N OT ES

In the opinion of Davis Polk & Wardwell LLP, as special United States products counsel to Barclays Bank PLC, when the Notes
offered by this pricing supplement have been executed and issued by Barclays Bank PLC and authenticated by the trustee
pursuant to the indenture, and delivered against payment as contemplated herein, such Notes will be valid and binding obligations
of Barclays Bank PLC, enforceable in accordance with their terms, subject to applicable bankruptcy, insolvency and similar laws
affecting creditors' rights generally, concepts of reasonableness and equitable principles of general applicability (including, without
limitation, concepts of good faith, fair dealing and the lack of bad faith) and possible judicial or regulatory actions giving effect to
governmental actions or foreign laws affecting creditors' rights, provided that such counsel expresses no opinion as to the effect of
fraudulent conveyance, fraudulent transfer or similar provision of applicable law on the conclusions expressed above. This opinion
is given as of the date hereof and is limited to the laws of the State of New York. Insofar as this opinion involves matters governed
by English law, Davis Polk & Wardwell LLP has relied, with Barclays Bank PLC's permission, on the opinion of Davis Polk &
Wardwell London LLP, dated as of June 28, 2017, filed as an exhibit to a report on Form 6-K by Barclays Bank PLC on June 28,
2017, and this opinion is subject to the same assumptions, qualifications and limitations as set forth in such opinion of Davis Polk &
Wardwell London LLP. In addition, this opinion is subject to customary assumptions about the trustee's authorization, execution and
delivery of the indenture and its authentication of the Notes and the validity, binding nature and enforceability of the indenture with
respect to the trustee, all as stated in the letter of Davis Polk & Wardwell LLP, dated June 28, 2017, which has been filed as an
exhibit to the report on Form 6-K referred to above.

PS-12
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Document Outline