Obligation Barclay PLC 1.308% ( US06741VNZ12 ) en USD

Barclay PLC

100.418 % ⇌

Royaume-Uni

US06741VNZ12 ( en USD )

1.308% par an ( paiement semestriel )

30/03/2027

Prospectus brochure de l'obligation Barclays PLC US06741VNZ12 en USD 1.308%, échéance 30/03/2027

1 000 USD

3 750 000 USD

06741VNZ1

A+ ( Qualité moyenne supérieure )

A1 ( Qualité moyenne supérieure )

30/09/2025 ( Dans 150 jours )

Barclays PLC est une banque multinationale britannique offrant une large gamme de services financiers, notamment la banque de détail, la gestion de patrimoine, la banque d'investissement et les cartes de crédit, opérant dans de nombreux pays à travers le monde.

L'Obligation émise par Barclay PLC ( Royaume-Uni ) , en USD, avec le code ISIN US06741VNZ12, paye un coupon de 1.308% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 30/03/2027

L'Obligation émise par Barclay PLC ( Royaume-Uni ) , en USD, avec le code ISIN US06741VNZ12, a été notée A1 ( Qualité moyenne supérieure ) par l'agence de notation Moody's.

L'Obligation émise par Barclay PLC ( Royaume-Uni ) , en USD, avec le code ISIN US06741VNZ12, a été notée A+ ( Qualité moyenne supérieure ) par l'agence de notation Standard & Poor's ( S&P ).

424B2 1 a17-9104_22424b2.htm 424B2 - 10Y FIXED TO FLOORED FLOATER [BARC-AMERICAS.FID865431]

CALCULATION OF REGISTRATION FEE

Title of Each Class of Securities Offered
Maximum Aggregate Offering Price
Amount of Registration Fee(1)

Global Medium-Term Notes, Series A
$3,750,000
$434.63

(1) Calculated in accordance with Rule 457(r) of the Securities Act of 1933.

Pricing Supplement dated March 27, 2017
Filed Pursuant to Rule 424(b)(2)
(To Prospectus dated July 18, 2016
Registration No. 333-212571
and the Prospectus Supplement dated July 18, 2016)

U S$ 3 ,7 5 0 ,0 0 0
FI X ED T O FLOORED FLOAT I N G RAT E N OT ES DU E M ARCH 3 0 , 2 0 2 7

Princ ipa l Am ount :
US$3,750,000
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 :
March 27, 2017
M a t urit y Da t e :
March 30, 2027
Origina l I ssue Da t e :
March 30, 2017
De nom ina t ions:
Minimum denominations of US$1,000 and
integral multiples of US$1,000 thereafter.
CU SI P/I SI N :
06741VNZ1 / US06741VNZ12

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 the Original Issue date to but excluding March 30, 2019, the interest rate
per annum will be the Initial Interest Rate.
For each Interest Period commencing on March 30, 2019 to but excluding the Maturity Date (the "Floating Rate
Period"), 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.
I nit ia l I nt e re st Ra t e :
3.25% per annum
Spre a d:
1.00% 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
Pow e r
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. See "Consent to U.K.
Bail-in Power" on page PS-1 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%
0.75%
99.25%

T ot a l
$3,750,000
$28,125
$3,721,875

https://www.sec.gov/Archives/edgar/data/312070/000110465917019935/a17-9104_22424b2.htm[3/29/2017 12:36:48 PM]

(1) Barclays Capital Inc. will receive commissions from the Issuer equal to 0.75% of the principal amount of the notes, or $7.50 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 PS-2 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.

I nt e re st Pa ym e nt Da t e s:
Payable quarterly in arrears on the 30th day of each March, June, September and December, commencing on
June 30, 2017 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 commencing on or after March 30, 2019, 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 close.
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 J uly 1 8 , 2 0 1 6 , 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 nd t he prospe c t us a dde ndum , 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.

·
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 J uly 1 8 , 2 0 1 6 :

https://www.sec.gov/Archives/edgar/data/312070/000119312516650074/d219304df3asr.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
https://www.sec.gov/Archives/edgar/data/312070/000110465917019935/a17-9104_22424b2.htm[3/29/2017 12:36:48 PM]

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.

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.

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-1

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.

·
I ssue r Cre dit Risk -- The Notes are our unsecured debt obligations, and are not, either directly or indirectly, an

obligation of any third party. Any payment to be made on the Notes, including any payment due at maturity, depends on
our ability to satisfy our obligations as they come due. As a result, the actual and perceived creditworthiness of Barclays
Bank PLC may affect the market value of the Notes and, in the event we were to default on our obligations, you may not
receive the payment due at maturity or any other amounts owed to you under the terms of the Notes.

·
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--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
https://www.sec.gov/Archives/edgar/data/312070/000110465917019935/a17-9104_22424b2.htm[3/29/2017 12:36:48 PM]

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
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.

·
Re fe re nc e Ra t e / I nt e re st Pa ym e nt Risk --Because any interest payments on the Notes will be based on a floating

rate of interest after the first two years of payments based on a fixed 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, you would receive an interest payment based on the Minimum
Interest Rate on the related Interest Payment Date. The Minimum Interest Rate may be set to 0.00%, and therefore, in this
scenario, 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.

·
Ce rt a in Built -I n Cost s Are Lik e ly t o Adve rse ly Affe c t t he V a lue of t he N ot e s Prior t o M a t urit y --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.

·
Suit a bilit y of t he N ot e s for I nve st m e nt --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 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.

PS-2

·
We a nd Our Affilia t e s M a y Enga ge in V a rious Ac t ivit ie s or M a k e De t e rm ina t ions T ha t Could M a t e ria lly

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. 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.

https://www.sec.gov/Archives/edgar/data/312070/000110465917019935/a17-9104_22424b2.htm[3/29/2017 12:36:48 PM]

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
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.

·
La c k of Liquidit y --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.

·
Cha nge s in t he M e t hod Pursua nt t o Whic h t he Re fe re nc e Ra t e is De t e rm ine d M a y Adve rse ly Affe c t

t he V a lue of t he N ot e s-- The method by which the Reference Rate is calculated may change in the future, as a result
of governmental actions, actions by the publisher of the Reference Rate or otherwise. We cannot predict whether the
method by which the Reference Rate is calculated will change or what the impact of any change might be. Any of these
changes could adversely affect the Reference Rate, the market value of the Notes and any amounts payable on the Notes.

In particular, LIBOR and other rates that are deemed "benchmarks" are the subject of recent national, international and
other regulatory guidance and proposals for reform. Some of these reforms are already effective while others are still to be
implemented. These reforms may cause these "benchmarks" to perform differently than in the past, or to disappear
entirely, or have other consequences which cannot be predicted. Any of these consequences could adversely affect any
securities based on, or linked to, these "benchmarks" such as the Notes. Any of these international, national or other
proposals for reform or the general increased regulatory scrutiny of "benchmarks" could increase the costs and risks of
administering or otherwise participating in the setting of a "benchmark" and complying with any of these regulations or
requirements. These factors may have the effect of discouraging market participants from continuing to administer or
participate in certain "benchmarks," trigger changes in the rules or methodologies used in certain "benchmarks" or lead to
the disappearance of certain "benchmarks." The disappearance of a "benchmark" or changes in the manner of
administration of a "benchmark" could result in adjustment to the terms and conditions, discretionary valuation by the
calculation agent, or other consequences in relation to securities linked to that "benchmark." Any of these consequences
could adversely affect the market value of the Notes and any amounts payable on the Notes.

PS-3

·
H ist oric a l Pe rform a nc e of t he Re fe re nc e Ra t e Should N ot Be T a k e n a s Any I ndic a t ion of t he Fut ure

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.

·
M a ny Ec onom ic a nd M a rk e t Fa c t ors Will I m pa c t t he V a lue of t he N ot e s--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-4
https://www.sec.gov/Archives/edgar/data/312070/000110465917019935/a17-9104_22424b2.htm[3/29/2017 12:36:48 PM]

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

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, after any initial Interest Periods for which the Initial Interest Rate is payable, 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.

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 commencing on or after March 30, 2019, 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 prospectus supplement.

Step 2: Calculate the applicable Interest Rate for each Interest Period

For each Interest Period commencing on or after the Original Issue Date to but excluding March 30, 2019, the Interest Rate will be
the Initial Interest Rate.

For each Interest Period commencing on or after March 30, 2019, 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 and then assessing that value relative to the Minimum Interest Rate. 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 examples are based on the Minimum Interest Rate of 0.00% per
annum and the Spread of 1.00%. Quarterly interest payments are 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 calculations are based on
a principal amount of $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 1.50%

Based on a Reference Rate equal to 1.50% and the Spread of 1.00%, 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%

https://www.sec.gov/Archives/edgar/data/312070/000110465917019935/a17-9104_22424b2.htm[3/29/2017 12:36:48 PM]

Interest Payment = $1,000 x 0.6.25% = $6.25

PS-5

Example 2:
The Reference Rate is equal to -0.50%

Based on a Reference Rate equal to -0.50% and the Spread of 1.00%, the Interest Rate would be equal to 0.50% per annum (the
sum of the Reference Rate and the Spread).

Effective Interest Rate = 0.50% x (90/360) = 0.125%

Interest Payment = $1,000 x 0.125% = $1.25

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

Based on a Reference Rate equal to -1.50% and the Spread of 1.00%, the Interest Rate would be equal to -0.50% 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-6

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 March 27, 2017. The Reference Rate on
March 27, 2017 was 1.15189%. The historical performance of the Reference Rate should not be taken as an indication of its future
performance. We cannot give you any assurance that the Reference Rate will be within the applicable Reference Rate Range on
any day of any Interest Period. We obtained the information in the graph below from Bloomberg Financial Markets ("Bloomberg"),
without independent verification. H ist oric a l Pe rform a nc e is not indic a t ive of fut ure pe rform a nc e .

PS-7

U N I T ED ST AT ES FEDERAL I N COM E T AX T REAT M EN T

The material tax consequences of your investment in the Notes are summarized below. The discussion below supplements the
https://www.sec.gov/Archives/edgar/data/312070/000110465917019935/a17-9104_22424b2.htm[3/29/2017 12:36:48 PM]

discussion under "Material U.S. Federal Income Tax Consequences" in the accompanying prospectus supplement. Except as
noted under "Non-U.S. Holders" below, this section applies to you only if you are a U.S. holder (as defined in the accompanying
prospectus supplement) and you hold your Notes as capital assets for tax purposes and does not apply to you if you are a member
of a class of holders subject to special rules or are otherwise excluded from the discussion in the prospectus supplement (for
example, if you did not purchase your Notes in the initial issuance of the Notes). In addition, this discussion does not apply to you
if you purchase your Notes for more or less than the principal amount of the Notes.

In the opinion of our special tax counsel, Sullivan & Cromwell LLP, your Notes should be treated as debt instruments subject to the
rules applicable to variable rate debt instruments for U.S. federal income tax purposes. This opinion assumes that the description
of the terms of the Notes in this pricing supplement is materially correct. The discussion below assumes that the Notes will be
treated as variable rate debt instruments.

Under the rules governing the determination of original issue discount ("OID") for a variable rate debt instrument that provides for
interest at a single fixed rate and a qualified floating rate, we believe that your Notes should generally be treated as issued with de
minimis OID for U.S. federal income tax purposes and therefore the Notes should generally not be subject to the rules requiring
inclusion of OID in gross income for U.S. federal income tax purposes. We intend to treat the Notes as issued with de minimis
OID and to report in a manner consistent with such treatment. The discussion below assumes that the Notes will be treated as
issued with de minimis OID.

If you are a U.S. individual or taxable entity, you will generally be taxed on interest on the Notes as ordinary income at the time you
receive the interest or when it accrues, depending on your method of accounting for tax purposes. If you sell or exchange your
Notes prior to maturity, you should generally recognize gain or loss, which should generally be capital gain or loss except to the
extent that such gain or loss is attributable to accrued but unpaid interest. Such capital gain or loss should be treated as long-term
capital gain or loss to the extent you have held your Notes for more than one year.

For a further discussion of the variable rate debt instrument rules, please see the section titled "Material U.S. Federal Income Tax
Consequences--Notes Treated as Indebtedness for U.S. Federal Income Tax Purposes--Variable Rate Debt Instruments" in the
accompanying prospectus supplement.

Non-U.S. Holders. Barclays currently does not withhold on payments treated as interest to non-U.S. holders in respect of
instruments such as the Notes. However, if Barclays determines that there is a material risk that it will be required to withhold on
any such payments, Barclays may withhold on any payments treated as interest at a 30% rate, unless you have provided to
Barclays an appropriate and valid Internal Revenue Service Form W-8. In addition, non-U.S. holders will be subject to the general
rules regarding information reporting and backup withholding as described under the heading "Material U.S. Federal Income Tax
Consequences--Information Reporting and Backup Withholding" in the accompanying prospectus supplement.

PS-8

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
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 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.

Delivery of the Notes of a particular series may be made against payment for the Notes more than three business days following
the pricing date for those Notes (that is, a particular series of Notes may have a settlement cycle that is longer than "T+3"). For
considerations relating to an offering of Notes with a settlement cycle longer than T+3, see "Plan of Distribution (Conflicts of
Interest)" in the prospectus supplement.

PS-9
https://www.sec.gov/Archives/edgar/data/312070/000110465917019935/a17-9104_22424b2.htm[3/29/2017 12:36:48 PM]

U S$ 3 ,7 5 0 ,0 0 0

BARCLAY S BAN K PLC

FI X ED T O FLOORED FLOAT I N G RAT E N OT ES DU E M ARCH 3 0 , 2 0 2 7

GLOBAL MEDIUM-TERM NOTES, SERIES A

(TO PROSPECTUS DATED JULY 18, 2016
AND THE PROSPECTUS SUPPLEMENT DATED JULY 18, 2016)

https://www.sec.gov/Archives/edgar/data/312070/000110465917019935/a17-9104_22424b2.htm[3/29/2017 12:36:48 PM]

Document Outline

#1">
- #1">