Obbligazione Barclay PLC 0% ( US06747MZV17 ) in USD

Barclay PLC

100 USD ▼

Regno Unito

US06747MZV17 ( in USD )

26/06/2025

Prospetto opuscolo dell'obbligazione Barclays PLC US06747MZV17 en USD 0%, scadenza 26/06/2025

1 000 USD

12 605 000 USD

06747MZV1

N/A

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 US06747MZV17, pays a coupon of 0% per year.
The coupons are paid 2 times per year and the Obbligazione maturity is 26/06/2025

The Obbligazione issued by Barclay PLC ( United Kingdom ) , in USD, with the ISIN code US06747MZV17, was rated NR by Moody's credit rating agency.

6/26/2019
https://www.sec.gov/Archives/edgar/data/312070/000110465919037417/a19-12100_15424b2.htm
424B2 1 a19-12100_15424b2.htm 424B2 - 6 LN92 [BARC-AMERICAS.FID1066995]

Pricing Supplement dated June 21, 2019
Filed Pursuant to Rule 424(b)(2)
(To the Prospectus dated March 30, 2018, the Prospectus Supplement dated July 18, 2016 and the Index Supplement dated July 18, 2016)
Registration No. 33321257
1

$12,605,000
Barrier SuperTrack Notes due
SM
June 26, 2025
Linked to the Least Performing of the S&P 500 Index
®
and the Russell 2000 Index
®
Global Medium-Term Notes, Series A
Terms used in this pricing supplement, but not defined herein, shall have the meanings ascribed to them in the prospectus supplement.
Issuer:

Barclays Bank PLC
Denominations:

Minimum denomination of $1,000, and integral multiples of $1,000 in excess thereof
Initial Valuation Date:

June 21, 2019
Issue Date:

July 1, 2019
Final Valuation Date:*

June 23, 2025
Maturity Date:*

June 26, 2025
Reference Assets:

The S&P 500
® Index (the "S&P 500 Index") and the Russell 2000
® Index (the "Russell 2000 Index"), as set forth in the following table:

Reference Asset
Bloomberg Ticker
Initial Value

S&P 500 Index
SPX <Index>
2,950.46

Russell 2000 Index
RTY <Index>
1,549.63

The S&P 500 Index and the Russell 2000 Index are each referred to herein as a "Reference Asset" and, collectively, as the "Reference
Assets."
Upside Leverage Factor:

1.80
Initial Value:

With respect to each Reference Asset, the Closing Value on the Initial Valuation Date, as set forth in the table above
Barrier Value:

With respect to each Reference Asset, 60.00% of its Initial Value (rounded to two decimal places), as set forth in the table above
Final Value:

With respect to each Reference Asset, the Closing Value on the Final Valuation Date
Payment at Maturity:

If you hold the Notes to maturity, you will receive on the Maturity Date a cash payment per $1,000 principal amount Note that you hold
determined as follows:
§
If the Final Value of the Least Performing Reference Asset is greater than its Initial Value, you will receive an amount per

$1,000 principal amount Note calculated as follows:
$1,000 + [$1,000 × Reference Asset Return of the Least Performing Reference Asset × Upside Leverage Factor]
§
If the Final Value of the Least Performing Reference Asset is less than or equal to its Initial Value but greater than or equal

to its Barrier Value, you will receive a payment of $1,000 per $1,000 principal amount Note
§
If the Final Value of the Least Performing Reference Asset is less than its Barrier Value, you will receive an amount per

$1,000 principal amount Note calculated as follows:
$1,000 + [$1,000 × Reference Asset Return of the Least Performing Reference Asset]
If the Final Value of the Least Performing Reference Asset is less than its Barrier Value, your Notes will be fully exposed to the
decline of the Least Performing Reference Asset from its Initial Value. You may lose up to 100.00% of the principal amount of your
Notes at maturity.
Any payment on the Notes is not guaranteed by any third party and is subject to (a) the creditworthiness of Barclays Bank PLC and
(b) the risk of exercise of any U.K. Bail-in Power (as described further on page PS2 of this pricing supplement) 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 Considerations" in this pricing supplement and
"Risk Factors" in the accompanying prospectus supplement for more information.
Consent to U.K. Bail-in

Notwithstanding any other agreements, arrangements or understandings between Barclays Bank PLC and any holder of the Notes, by
Power:
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 PS2 of this pricing supplement.

[Terms of the Notes Continue on the Next Page]

Initial Issue Price(1)(2)
Price to Public
Agent's Commission(3)
Proceeds to Barclays Bank PLC

Per Note

$1,000

100%

3.75%

96.25%
Total

$12,605,000

$12,605,000

$472,688

$12,132,312
(1) Because dealers who purchase the Notes for sale to certain fee-based advisory accounts may forego some or all selling concessions, fees or commissions, the public

offering price for investors purchasing the Notes in such fee-based advisory accounts may be between $962.50 and $1,000 per Note. Investors that hold their Notes
in fee-based advisory or trust accounts may be charged fees by the investment advisor or manager of such account based on the amount of assets held in those
accounts, including the Notes.
(2) Our estimated value of the Notes on the Initial Valuation Date, based on our internal pricing models, is $935.30 per Note. The estimated value is less than the initial

issue price of the Notes. See "Additional Information Regarding Our Estimated Value of the Notes" on page PS3 of this pricing supplement.
(3)
Barclays Capital Inc. will receive commissions from the Issuer of 3.75% of the principal amount of the Notes, or $37.50 per $1,000 principal amount. Barclays

Capital Inc. will use these commissions to pay selling concessions or fees (including custodial or clearing fees) to other dealers. Barclays Capital Inc. will pay from
these commissions a structuring fee of 0.50% of the principal amount of the Notes, or $5.00 per $1,000 principal amount, to other broker-dealers participating in
the distribution of the Notes. In no case will the total amount of selling concessions, structuring and other distribution related fees exceed 3.75% of the principal
amount of the Notes, or $37.50 per $1,000 principal amount.
Investing in the Notes involves a number of risks. See "Risk Factors" beginning on page S7 of the prospectus supplement and "Selected Risk Considerations"
beginning on page PS8 of this pricing supplement.
We may use this pricing supplement in the initial sale of Notes. In addition, Barclays Capital Inc. or another of our affiliates may use this pricing supplement
in market resale transactions in any Notes after their initial sale. Unless we or our agent informs you otherwise in the confirmation of sale, this pricing
supplement is being used in a market resale transaction.
The Notes will not be listed on any U.S. securities exchange or quotation system. Neither the U.S. Securities and Exchange Commission (the "SEC") nor any
state securities commission has approved or disapproved of these Notes or determined that this pricing supplement is truthful or complete. Any representation
to the contrary is a criminal offense.

https://www.sec.gov/Archives/edgar/data/312070/000110465919037417/a19-12100_15424b2.htm
1/22

6/26/2019
https://www.sec.gov/Archives/edgar/data/312070/000110465919037417/a19-12100_15424b2.htm
The Notes constitute our unsecured and unsubordinated obligations. The Notes are not deposit liabilities of Barclays Bank PLC and are not covered by the U.K.
Financial Services Compensation Scheme or insured by the U.S. Federal Deposit Insurance Corporation or any other governmental agency or deposit insurance agency
of the United States, the United Kingdom or any other jurisdiction.

https://www.sec.gov/Archives/edgar/data/312070/000110465919037417/a19-12100_15424b2.htm
2/22

6/26/2019
https://www.sec.gov/Archives/edgar/data/312070/000110465919037417/a19-12100_15424b2.htm

Terms of the Notes, Continued

Least Performing Reference The Reference Asset with the lowest Reference Asset Return, as calculated in the manner set forth below
Asset:
Reference Asset Return:

With respect to each Reference Asset, an amount calculated as follows:
Final Value Initial Value
Initial Value

Closing Value:

The term "Closing Value" means the closing level of the applicable Reference Asset, as further described under "Reference Assets--
Indices--Special Calculation Provisions" in the prospectus supplement, rounded to two decimal places (if applicable).
Calculation Agent:

Barclays Bank PLC
CUSIP / ISIN:

06747MZV1 / US06747MZV17

*
Subject to postponement, as described under "Additional Terms of the Notes" in this pricing supplement

https://www.sec.gov/Archives/edgar/data/312070/000110465919037417/a19-12100_15424b2.htm
3/22

6/26/2019
https://www.sec.gov/Archives/edgar/data/312070/000110465919037417/a19-12100_15424b2.htm

ADDITIONAL DOCUMENTS RELATED TO THE OFFERING OF THE NOTES
You should read this pricing supplement together with the prospectus dated March 30, 2018, as supplemented by the prospectus
supplement dated July 18, 2016 and the index supplement dated July 18, 2016, relating to our Global Medium-Term Notes, Series A, of
which these Notes are a part. This pricing supplement, together with the documents listed below, contains the terms of the Notes and
supersedes all prior or contemporaneous oral statements as well as any other written materials including preliminary or indicative
pricing terms, correspondence, trade ideas, structures for implementation, sample structures, brochures or other educational materials
of ours. You should carefully consider, among other things, the matters set forth under "Risk Factors" in the prospectus supplement and
"Selected Risk Considerations" in this pricing supplement, as the Notes involve risks not associated with conventional debt securities.
We urge you to consult your investment, legal, tax, accounting and other advisors before you invest in the Notes.
When you read the prospectus supplement and the index supplement, note that all references to the prospectus dated July 18, 2016, or
to any sections therein, should refer instead to the accompanying prospectus dated March 30, 2018, or to the corresponding sections of
that prospectus.
You may access these documents on the SEC website at www.sec.gov as follows (or if such address has changed, by reviewing our
filings for the relevant date on the SEC website):

·
Prospectus dated March 30, 2018:

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

·
Prospectus Supplement dated July 18, 2016:

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

·
Index Supplement dated July 18, 2016:

https://www.sec.gov/Archives/edgar/data/312070/000110465916133002/a16-14463_22424b3.htm
Our SEC file number is 110257. As used in this pricing supplement, "we," "us," or "our" refers to Barclays Bank PLC.

PS-1
https://www.sec.gov/Archives/edgar/data/312070/000110465919037417/a19-12100_15424b2.htm
4/22

6/26/2019
https://www.sec.gov/Archives/edgar/data/312070/000110465919037417/a19-12100_15424b2.htm

CONSENT TO U.K. BAIL-IN POWER
Notwithstanding any other agreements, arrangements or understandings between us and any holder of the Notes, by acquiring the
Notes, each holder of the Notes acknowledges, accepts, agrees to be bound by, and consents to the exercise of, any U.K. Bail-in Power
by the relevant U.K. resolution authority.
Under the U.K. Banking Act 2009, as amended, the relevant U.K. resolution authority may exercise a U.K. Bail-in Power in
circumstances in which the relevant U.K. resolution authority is satisfied that the resolution conditions are met. These conditions
include that a U.K. bank or investment firm is failing or is likely to fail to satisfy the Financial Services and Markets Act 2000 (the
"FSMA") threshold conditions for authorization to carry on certain regulated activities (within the meaning of section 55B FSMA) or,
in the case of a U.K. banking group company that is a European Economic Area ("EEA") or third country institution or investment
firm, that the relevant EEA or third country relevant authority is satisfied that the resolution conditions are met in 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 Notes may have at law if and to the extent that any U.K. Bail-
in Power is exercised by the relevant U.K. resolution authority in breach of laws applicable in England.
For more information, please see "Selected Risk Considerations--You May Lose Some or All of Your Investment If Any U.K.
Bail-in Power Is Exercised by the Relevant U.K. Resolution Authority" in this pricing supplement as well as "U.K. Bail-in
Power," "Risk Factors--Risks Relating to the Securities Generally--Regulatory action in the event a bank or investment firm
in the Group is failing or likely to fail could materially adversely affect the value of the securities" and "Risk Factors--Risks
Relating to the Securities Generally--Under the terms of the securities, you have agreed to be bound by the exercise of any
U.K. Bail-in Power by the relevant U.K. resolution authority" in the accompanying prospectus supplement.

PS-2
https://www.sec.gov/Archives/edgar/data/312070/000110465919037417/a19-12100_15424b2.htm
5/22

6/26/2019
https://www.sec.gov/Archives/edgar/data/312070/000110465919037417/a19-12100_15424b2.htm

ADDITIONAL INFORMATION REGARDING OUR ESTIMATED VALUE OF THE NOTES
Our internal pricing models take into account a number of variables and are based on a number of subjective assumptions, which may
or may not materialize, typically including volatility, interest rates, and our internal funding rates. Our internal funding rates (which are
our internally published borrowing rates based on variables such as market benchmarks, our appetite for borrowing, and our existing
obligations coming to maturity) may vary from the levels at which our benchmark debt securities trade in the secondary market. Our
estimated value on the Initial Valuation Date is based on our internal funding rates. Our estimated value of the Notes may be lower if
such valuation were based on the levels at which our benchmark debt securities trade in the secondary market.
Our estimated value of the Notes on the Initial Valuation Date is less than the initial issue price of the Notes. The difference between
the initial issue price of the Notes and our estimated value of the Notes results from several factors, including any sales commissions to
be paid to Barclays Capital Inc. or another affiliate of ours, any selling concessions, discounts, commissions or fees and any structuring
or other distribution related fees to be allowed or paid to non-affiliated intermediaries, the estimated profit that we or any of our
affiliates expect to earn in connection with structuring the Notes, the estimated cost which we may incur in hedging our obligations
under the Notes, and estimated development and other costs which we may incur in connection with the Notes.
Our estimated value on the Initial Valuation Date is not a prediction of the price at which the Notes may trade in the secondary market,
nor will it be the price at which Barclays Capital Inc. may buy or sell the Notes in the secondary market. Subject to normal market and
funding conditions, Barclays Capital Inc. or another affiliate of ours intends to offer to purchase the Notes in the secondary market but
it is not obligated to do so.
Assuming that all relevant factors remain constant after the Initial Valuation Date, the price at which Barclays Capital Inc. may initially
buy or sell the Notes in the secondary market, if any, and the value that we may initially use for customer account statements, if we
provide any customer account statements at all, may exceed our estimated value on the Initial Valuation Date for a temporary period
expected to be approximately six months after the Issue Date because, in our discretion, we may elect to effectively reimburse to
investors a portion of the estimated cost of hedging our obligations under the Notes and other costs in connection with the Notes which
we will no longer expect to incur over the term of the Notes. We made such discretionary election and determined this temporary
reimbursement period on the basis of a number of factors, which may include the tenor of the Notes and/or any agreement we may
have with the distributors of the Notes. The amount of our estimated costs which we effectively reimburse to investors in this way may
not be allocated ratably throughout the reimbursement period, and we may discontinue such reimbursement at any time or revise the
duration of the reimbursement period after the initial Issue Date of the Notes based on changes in market conditions and other factors
that cannot be predicted.
We urge you to read the "Selected Risk Considerations" beginning on page PS8 of this pricing supplement.

PS-3
https://www.sec.gov/Archives/edgar/data/312070/000110465919037417/a19-12100_15424b2.htm
6/22

6/26/2019
https://www.sec.gov/Archives/edgar/data/312070/000110465919037417/a19-12100_15424b2.htm

SELECTED PURCHASE CONSIDERATIONS
The Notes are not suitable for all investors. The Notes may be a suitable investment for you if all of the following statements are true:

· You do not seek an investment that produces periodic interest or coupon payments or other sources of current income, and you
are willing to forgo any dividends paid on the Reference Assets or the component securities held by the Reference Assets.

· You can tolerate a loss of some or all of your principal amount, and you are willing and able to make an investment that may
have the full downside market risk of an investment in the Least Performing Reference Asset.

· You do not anticipate that the Closing Value of any Reference Asset will fall below its Barrier Value on the Final Valuation
Date.

· You are willing and able to accept the individual market risk of each Reference Asset and understand that any decline in the
value of one Reference Asset will not be offset or mitigated by a lesser decline or any potential increase in the value of any
other Reference Asset.

· You understand and accept the risk that the payment at maturity will be based solely on the Reference Asset Return of the
Least Performing Reference Asset.

· You understand and are willing and able to accept the risks associated with an investment linked to the performance of the
Reference Assets.

· You understand and accept that you will not be entitled to receive dividends or distributions that may be paid to holders of the
securities composing the Reference Assets, nor will you have any voting rights with respect to the securities composing the
Reference Assets.

· You can tolerate fluctuations in the price of the Notes prior to scheduled maturity that may be similar to or exceed the
downside fluctuations in the value of the Reference Assets.

· You do not seek an investment for which there will be an active secondary market, and you are willing and able to hold the
Notes to maturity.

· You are willing and able to assume our credit risk for all payments on the Notes.

· You are willing and able to consent to the exercise of any U.K. Bail-in Power by any relevant U.K. resolution authority.
The Notes may not be a suitable investment for you if any of the following statements are true:

· You seek an investment that produces periodic interest or coupon payments or other sources of current income, and/or you
would prefer to receive any dividends paid on the Reference Assets or the component securities held by the Reference Assets.

· You seek an investment that provides for the full repayment of principal at maturity, and/or you are unwilling or unable to
accept the risk that you may lose some or all of the principal amount of your Notes in the event that the Final Value of the
Least Performing Reference Asset falls below its Barrier Value.

· You anticipate that the Closing Value of any Reference Asset will fall below its Barrier Value on the Final Valuation Date.

· You are unwilling or unable to accept the risk that the negative performance of any one Reference Asset may cause you to earn
no positive return or to suffer a loss of principal at maturity, regardless of the performance of the other Reference Asset.

· You are unwilling or unable to accept the individual market risk of each Reference Asset and/or do not understand that any
decline in the value of one Reference Asset will not be offset or mitigated by a lesser decline or any potential increase in the
value of any other Reference Asset.

· You seek an investment that entitles you to dividends or distributions on, or voting rights related to, the securities composing
the Reference Asset.

· You cannot tolerate fluctuations in the price of the Notes prior to scheduled maturity that may be similar to or exceed the
downside fluctuations in the value of the Reference Assets.

· You do not understand and/or are unwilling or unable to accept the risks associated with an investment linked to the
performance of the Reference Assets.

· You seek an investment for which there will be an active secondary market, and/or you are unwilling or unable to hold the
Notes to maturity.

· You prefer the lower risk, and therefore accept the potentially lower returns, of fixed income investments with comparable
maturities and credit ratings.

· You are unwilling or unable to assume our credit risk for all payments on the Notes.

· You are unwilling or unable to consent to the exercise of any U.K. Bail-in Power by any relevant U.K. resolution authority.
You must rely on your own evaluation of the merits of an investment in the Notes. 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
https://www.sec.gov/Archives/edgar/data/312070/000110465919037417/a19-12100_15424b2.htm
7/22

6/26/2019
https://www.sec.gov/Archives/edgar/data/312070/000110465919037417/a19-12100_15424b2.htm
specific information set out in this pricing supplement, the prospectus supplement, the prospectus and the index supplement. Neither
the Issuer nor Barclays Capital Inc. makes any recommendation as to the suitability of the Notes for investment.

PS-4
https://www.sec.gov/Archives/edgar/data/312070/000110465919037417/a19-12100_15424b2.htm
8/22

6/26/2019
https://www.sec.gov/Archives/edgar/data/312070/000110465919037417/a19-12100_15424b2.htm

ADDITIONAL TERMS OF THE NOTES
The Final Valuation Date and the Maturity Date are subject to postponement in certain circumstances, as described under "Reference
Assets--Indices--Market Disruption Events for Securities with an Index of Equity Securities as a Reference Asset," "Reference Assets
--Least or Best Performing Reference Asset--Scheduled Trading Days and Market Disruption Events for Securities Linked to the
Reference Asset with the Lowest or Highest Return in a Group of Two or More Equity Securities, Exchange-Traded Funds and/or
Indices of Equity Securities" and "Terms of the Notes--Payment Dates" in the accompanying prospectus supplement.
In addition, the Reference Assets and the Notes are subject to adjustment by the Calculation Agent under certain circumstances, as
described under "Reference Assets--Indices--Adjustments Relating to Securities with an Index as a Reference Asset" in the
accompanying prospectus supplement.

PS-5
https://www.sec.gov/Archives/edgar/data/312070/000110465919037417/a19-12100_15424b2.htm
9/22

6/26/2019
https://www.sec.gov/Archives/edgar/data/312070/000110465919037417/a19-12100_15424b2.htm

HYPOTHETICAL EXAMPLES OF AMOUNTS PAYABLE AT MATURITY
The following table illustrates the hypothetical payment at maturity under various circumstances. The "total return" as used in these
examples is the number, expressed as a percentage, that results from comparing the payment at maturity per $1,000 principal amount
Note to $1,000. The hypothetical total returns set forth below are for illustrative purposes only and may not be the actual total returns
applicable to a purchaser of the Notes. The numbers appearing in the following table and examples have been rounded for ease of
analysis. The hypothetical examples below do not take into account any tax consequences from investing in the Notes and make the
following key assumptions:

§ Hypothetical Initial Value of each Reference Asset: 100.00 *

§ Hypothetical Barrier Value for each Reference Asset: 60.00 (60.00% of the hypothetical Initial Value set forth above)*

* The hypothetical Initial Value of 100.00 and the hypothetical Barrier Value of 60.00 for each Reference Asset have been chosen for

illustrative purposes only. The actual Initial Value and Barrier Value for each Reference Asset are as set forth on the cover of this
pricing supplement.

Final Value

Reference Asset Return

Reference Asset Return
S&P 500
Russell 2000
S&P 500
Russell 2000

Payment at
Total Return on

of the Least Performing
Index

Index

Index

Index

Maturity**
Notes
Reference Asset
150.00
190.00

50.00%
90.00%

50.00%
$1,900.00
90.00%
145.00
140.00

45.00%
40.00%

40.00%
$1,720.00
72.00%
130.00
150.00

30.00%
50.00%

30.00%
$1,540.00
54.00%
125.00
120.00

25.00%
20.00%

20.00%
$1,360.00
36.00%
140.00
110.00

40.00%
10.00%

10.00%
$1,180.00
18.00%
115.00
105.00

15.00%
5.00%

5.00%
$1,090.00
9.00%
110.00
100.00

10.00%
0.00%

0.00%
$1,000.00
0.00%
90.00
102.50

-10.00%
2.50%

-10.00%
$1,000.00
0.00%
80.00
120.00

-20.00%
20.00%

-20.00%
$1,000.00
0.00%
95.00
70.00

-5.00%
-30.00%

-30.00%
$1,000.00
0.00%
105.00
60.00

5.00%
-40.00%

-40.00%
$1,000.00
0.00%
50.00
120.00

-50.00%
20.00%

-50.00%
$500.00
-50.00%
40.00
135.00

-60.00%
35.00%

-60.00%
$400.00
-60.00%
40.00
30.00

-60.00%
-70.00%

-70.00%
$300.00
-70.00%
40.00
20.00

-60.00%
-80.00%

-80.00%
$200.00
-80.00%
10.00
95.00

-90.00%
-5.00%

-90.00%
$100.00
-90.00%
102.00
0.00

2.00%
-100.00%

-100.00%
$0.00
-100.00%

** per $1,000 principal amount Note
The following examples illustrate how the payments at maturity set forth in the table above are calculated:
Example 1: The Final Value of the S&P 500 Index is 140.00 and the Final Value of the Russell 2000 Index is 110.00.
Because the Russell 2000 Index has the lowest Reference Asset Return, the Russell 2000 Index is the Least Performing Reference
Asset. Because the Final Value of the Least Performing Reference Asset is greater than its Initial Value, you will receive a payment at
maturity of $1,180.00 per $1,000 principal amount Note that you hold, calculated as follows:

$1,000 + [$1,000 × Reference Asset Return of the Least Performing Reference Asset × Upside Leverage Factor]
$1,000 + [$1,000 × 10.00% × 1.80] = $1,180.00
The total return on investment of the Notes is 18.00%.
Example 2: The Final Value of the S&P 500 Index is 90.00 and the Final Value of the Russell 2000 Index is 102.50.
Because the S&P 500 Index has the lowest Reference Asset Return, the S&P 500 Index is the Least Performing Reference Asset.
Because the Final Value of the Least Performing Reference Asset is less than or equal to its Initial Value but greater than or equal to its
Barrier Value, you will receive a payment at maturity of $1,000.00 per $1,000 principal amount Note that you hold.
The total return on investment of the Notes is 0.00%.
Example 3: The Final Value of the S&P 500 Index is 40.00 and the Final Value of the Russell 2000 Index is 135.00.
Because the S&P 500 Index has the lowest Reference Asset Return, the S&P 500 Index is the Least Performing Reference Asset.
Because the Final Value of the Least Performing Reference Asset is less than its Barrier Value, you will receive a payment at maturity
of $400.00 per $1,000 principal amount Note that you hold, calculated as follows:

$1,000 + [$1,000 × Reference Asset Return of the Least Performing Reference Asset]
https://www.sec.gov/Archives/edgar/data/312070/000110465919037417/a19-12100_15424b2.htm
10/22