Obligation Barclay PLC 0% ( XS2134381743 ) en USD

Barclay PLC

100 % ⇌

Royaume-Uni

XS2134381743 ( en USD )

26/03/2050

Prospectus brochure de l'obligation Barclays PLC XS2134381743 en USD 0%, échéance 26/03/2050

1 000 000 USD

300 000 000 USD

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 XS2134381743, paye un coupon de 0% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 26/03/2050

IMPORTANT PROHIBITION OF SALES TO EEA OR UK RETAIL INVESTORS -
The Notes are not intended to be offered, sold or otherwise made available to and should not
be offered, sold or otherwise made available to any retail investor in the European Economic
Area ("EEA") or in the United Kingdom (the "UK"). For these purposes, a retail investor means
a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of
Directive 2014/65/EU, as amended ("MiFID II"); or (ii) a customer within the meaning of
Directive (EU) 2016/97 (as amended or superseded), where that customer would not qualify as
a professional client as defined in point (10) of Article 4(1) of MiFID II. Consequently no key
information document required by Regulation (EU) No 1286/2014, as amended (the "PRIIPs
Regulation") for offering or selling the Notes or otherwise making them available to retail
investors in the EEA or in the UK has been prepared and therefore offering or selling the Notes
or otherwise making them available to any retail investor in the EEA or in the UK may be
unlawful under the PRIIPs Regulation.
No prospectus is required to be published under Regulation (EU) 2017/1129 (as amended
or superseded), for this issue of Notes. The Financial Conduct Authority, in its capacity
as competent authority under the Financial Services and Markets Act 2000, as amended,
has neither approved nor reviewed the information contained in this Pricing Supplement.
Pricing Supplement dated 6 March 2020
BARCLAYS PLC
Legal entity identifier (LEI): 213800 LBQA 1Y9L22JB70
Issue of USD 300,000,000 Zero Coupon Callable Notes due 2050
under the £60,000,000,000 Debt Issuance Programme
PART A CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Terms and
Conditions of the Notes (the "Conditions") set forth in the base prospectus dated 25 February
2020 (the "Base Prospectus"). This document constitutes the Pricing Supplement of the Notes
described herein and must be read in conjunction with the Base Prospectus.
Full information on the Issuer and the offer of the Notes described herein is only available on
the basis of the combination of this Pricing Supplement and the Base Prospectus. The Base
Prospectus and this Pricing Supplement have been published on the website of the Regulatory
News Service operated by the London Stock Exchange at
http://www.londonstockexchange.com/exchange/news/market-news/market-news-home.html.
1.
(i)
Issuer:
Barclays PLC

2.
(i)
Series Number:
249

(ii)
Tranche Number:
1

(iii)
Date on which the Notes
Not Applicable

become fungible:

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3.
Specified Currency or Currencies:
United States Dollar ("USD")
4.
Aggregate Nominal Amount:
USD 300,000,000

5.
Issue Price:
100 per cent. of the Aggregate Nominal
Amount
6.
(i)
Specified Denominations:
USD 1,000,000

(ii)
Calculation Amount:
USD 1,000,000
7.
(i)
Issue Date:
26 March 2020

(ii)
Interest Commencement Date: Not Applicable

8.
Maturity Date:
26 March 2050

9.
Interest Basis:
Zero Coupon

(see paragraph 17 below)
10.
Redemption/Payment Basis:
Subject to any purchase and cancellation

or early redemption, the Notes will be
redeemed on the Maturity Date at the
Final Redemption Amount.
11.
Change of Interest or
Not Applicable

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

13.
(i)
Status of the Notes:
Senior

(ii)
Date of approval for issuance
24 February 2020

of Notes obtained:
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
14.
Fixed Rate Note Provisions
Not Applicable

15.
Reset Note Provisions
Not Applicable

16.
Floating Rate Note Provisions
Not Applicable
17.
Zero Coupon Note Provisions
Applicable

(i)
Accrual Yield:
3.30 per cent. per annum

(ii)
Reference Price:
USD 1,000,000 per Calculation Amount

(iii)
Day Count Fraction in relation 30/360

to early Redemption Amounts:
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PROVISIONS RELATING TO REDEMPTION
18.
Call Option
Applicable

(i)
Optional Redemption Date(s)
Any date set out next to the
(Call):
corresponding Optional Redemption
Amount (Call) below subject to
adjustment in accordance with the
Following Business Day Convention

(ii)
Optional Redemption
The relevant Optional Redemption
Amount (Call):
Amount (Call) per Calculation Amount
will be the amount set out next to the
corresponding Optional Redemption Date
(Call) below:

Optional

Redemption
Optional
Optional
Redemption
Percentage
Redemption
Date (Call)
Amount (Call)
per
Calculation
Amount

26 March 2025
117.625534%
USD 1,176,255.34
26 March 2026
121.507176%
USD 1,215,071.76
26 March 2027
125.516913%
USD 1,255,169.13
26 March 2028
129.658971%
USD 1,296,589.71
26 March 2029
133.937718%
USD 1,339,377.18
26 March 2030
138.357662%
USD 1,383,576.62
26 March 2031
142.923465%
USD 1,429,234.65
26 March 2032
147.639939%
USD 1,476,399.39
26 March 2033
152.512057%
USD 1,525,120.57
26 March 2034
157.544955%
USD 1,575,449.55
26 March 2035
162.743939%
USD 1,627,439.39
26 March 2036
168.114489%
USD 1,681,144.89
26 March 2037
173.662267%
USD 1,736,622.67
26 March 2038
179.393122%
USD 1,793,931.22
26 March 2039
185.313095%
USD 1,853,130.95
26 March 2040
191.428427%
USD 1,914,284.27
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26 March 2041
197.745565%
USD 1,977,455.65
26 March 2042
204.271169%
USD 2,042,711.69
26 March 2043
211.012117%
USD 2,110,121.17
26 March 2044
217.975517%
USD 2,179,755.17
26 March 2045
225.168709%
USD 2,251,687.09
26 March 2046
232.599276%
USD 2,325,992.76
26 March 2047
240.275053%
USD 2,402,750.53
26 March 2048
248.204129%
USD 2,482,041.29
26 March 2049
256.394866%
USD 2,563,948.66

(iii)
Make Whole Redemption
Not Applicable

Price:

(iv)
Redeemable in part:
Not Applicable

(v)
Notice period:
Minimum period: 15 days

Maximum period: 60 days

(vi)
Optional Redemption Amount Not Applicable
(Regulatory Event) (for Tier 2
Capital Notes only):

(vii) Early Redemption Amount
Zero Coupon Early Redemption
(Tax):
Amount
(viii) Optional Redemption Amount Zero
Coupon Early Redemption
(Loss Absorption
Amount
Disqualification Event) (for
Senior Notes only):
19.
Final Redemption Amount of each
Subject to any purchase and cancellation

Note:
or early redemption, the Notes will be
redeemed on the Maturity Date at USD
2,648,558.96 per Calculation Amount
20.
Early Termination Amount:
Zero Coupon Early Redemption
Amount
GENERAL PROVISIONS APPLICABLE TO THE NOTES
21.
Form of Notes:
Registered Notes:

Unrestricted Global Certificate
exchangeable for Unrestricted
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Individual Certificates in the limited
circumstances described in the
Unrestricted Global Certificate
22.
New Global Note:
No
23.
Additional Financial Centre(s) or
London, Taipei

other special provisions relating to
payment dates:
24.
Talons for future Coupons to be
No
attached to Definitive Notes:
25.
Relevant Benchmarks:
Not Applicable
26.
Amendments, replacements or further Not Applicable
supplements to the Conditions:

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PART B OTHER INFORMATION
1.
LISTING

(i)
Listing and admission to trading: See the paragraph titled "Listing" below.

(ii)
Estimate of total expenses related GBP 4,725 in respect of the ISM and
to admission to trading:
TWD 100,000 in respect of the TPEx.

2.
RATINGS

Ratings:
The Notes to be issued are expected to be
rated:
S&P Global Ratings Europe Limited

("Standard & Poor's"): BBB
Moody's Investors Service Ltd.
("Moody's"): Baa2
Fitch Ratings Limited ("Fitch"): A
Each of Moody's, Standard & Poor's and
Fitch is established in the EEA and is
registered under Regulation (EC) No.
1060/2009 (as amended) (the "CRA
Regulation"). As such, each of Moody's,
Standard & Poor's and Fitch is included in
the list of credit rating agencies published
by the European Securities and Markets
Authority on its website in accordance
with the CRA Regulation.
3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE
ISSUE/OFFER

Save as discussed in "Subscription and Sale", so far as the Issuer is aware, no person
involved in the offer of the Notes has an interest that is material to the offer.
The Managers and their affiliates have engaged, and may in the future engage, in
investment banking and/or commercial banking transactions with, and may perform
other services for, the Issuer and its affiliates in the ordinary course of business.
4.
USE OF PROCEEDS

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

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5.
OPERATIONAL INFORMATION

(i)
CUSIP Number
Not Applicable

(ii)
ISIN:
XS2134381743

(iii)
Common Code:
213438174

(iv)
FISN:
As set out on the website of the
Association of National Numbering
Agencies (ANNA) or alternatively
sourced from the responsible National
Numbering Agency that assigned the
ISIN Code.

(v)
CFI Code:
As set out on the website of the
Association of National Numbering
Agencies (ANNA) or alternatively
sourced from the responsible National
Numbering Agency that assigned the
ISIN Code.

(vi)
CINS Code:
Not Applicable

(vii)
CMU Instrument Number:
Not Applicable

(ix)
Any clearing system(s) other Not Applicable

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

(x)
Delivery:
Delivery against payment

(xi)
Names and addresses of
Not Applicable

additional Paying Agent(s) (if
any):

(xii) Green Notes:
No

(xiii) Intended to be held in a manner No. Whilst the designation is specified as
which would allow Eurosystem "no" at the date of this Pricing
eligibility:
Supplement, should the Eurosystem
eligibility criteria be amended in the
future such that the Notes are capable of
meeting them the Notes may then be
deposited with one of the ICSDs as
common safekeeper, and registered in the
name of a nominee of one of the ICSDs
acting as common safekeeper. Note that
this does not necessarily mean that the
Notes will then be recognised as eligible
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collateral for Eurosystem monetary policy
and intra day credit operations by the
Eurosystem at any time during their life.
Such recognition will depend upon the
ECB being satisfied that Eurosystem
eligibility criteria have been met.
6.
DISTRIBUTION

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

(ii)
Method of distribution:
Syndicated

(iii)
If syndicated

(a)
Names of Managers:
Cathay United Bank Co., Ltd.
KGI Securities Co. Ltd.

(b)
Stabilisation Manager(s) Not Applicable
(if any):

(iv)
If non-syndicated, name and Not Applicable
address of Dealer:
LISTING

Application will be made by the Issuer (or on its behalf) for the Notes to be listed on the Taipei
Exchange (the "TPEx") in the Republic of China (the "ROC") and for the Notes to be admitted
to trading on the International Securities Market of the London Stock Exchange (the "ISM").

The Notes will be traded on TPEx pursuant to the applicable rules of TPEx and on the ISM
pursuant to the rules and regulations of the ISM. Effective date of listing and trading of the
Notes on the TPEx and on the ISM is expected to be on or about 26 March 2020.

No assurances can be given as to whether the Notes will be, or will remain, listed on the Taipei
Exchange. If the Notes fail to or cease to be listed on the Taipei Exchange, certain investors
may not invest in, or continue to hold or invest in, the Notes.
Neither the ISM nor TPEx is responsible for the content of this document, the Base Prospectus
and any supplement or amendment thereto and no representation is made by TPEx or the ISM
as to the accuracy or completeness of this document, the Base Prospectus and any supplement
or amendment thereto. Each of the ISM and TPEx expressly disclaims any and all liability for
any losses arising from, or as a result of the reliance on, all or part of the contents of this
document, the Base Prospectus and any supplement or amendment thereto. Neither the
admission of the Notes to listing and trading on the TPEx, nor the admission of the Notes to
trading on the ISM, shall be taken as an indication of the merits of the Issuer or the Notes.
The Notes have not been, and shall not be, offered, sold or re-sold, directly or indirectly, to
investors other than "professional institutional investors" as defined under Paragraph 2 of
Article 4 of the Financial Consumer Protection Act of the ROC. Purchasers of the Notes are
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not permitted to sell or otherwise dispose of the Notes except by transfer to a professional
institutional investor.

The Notes have not been and will not be registered under the United States Securities Act of
1933, as amended (the "Securities Act") or any state securities law. The Notes are being
offered and sold outside the United States to non-U.S persons in reliance on Regulation S under
the Securities Act ("Regulation S") and may not be offered or sold within the United States or
to, or for the account or benefit of, any U.S. person as defined in Regulation S).

ADDITIONAL INFORMATION REGARDING THE NOTES

As specified in Condition 10(f) (Loss Absorption Disqualification Event Redemption of Senior
Notes) of the Notes, the Notes may (subject to certain restrictions) be redeemed by the Issuer
at any time if a Loss Absorption Disqualification Event occurs, as more fully set out in
Condition 10(f) of the Base Prospectus.

Investors should have regard to the information set out in the Base Prospectus and Pricing
Supplement including, without limitation, the following:

· Risk Factors:
o pages 8-21 of the Base Prospectus dated 25 February 2020; and
o the sections titled "Risk Review Material existing and emerging risks" on
pages 92 to 100 and "Risk Review: Supervision and regulation" on pages 171-
177 of the 2019 Annual Report of the Issuer, as filed with the SEC on Form 20-
F on 13 February 2020; and
· Conditions: pages 34-87 of the Base Prospectus dated 25 February 2020.

ROC REGULATORY DISCLAIMER

The Notes are not subject to any statutory conversion, exchange, or subscription for equity, or
any statutory terms that result in any write-down of the principal amount of the Notes unless
such conversion, exchange, subscription or principal write-down is deemed by the competent
authority of the Issuer's home country to be necessary in the case that the Issuer is, or is likely
to become, no longer viable.

In addition, investors have provided an agreement and acknowledgement with respect to the
exercise of the UK Bail-in Power (see Condition 24 (Recognition of UK Bail-in Power) of the
Notes).

Further information regarding the statutory loss absorption regime to which the Issuer and the
Notes are currently subject is set out in the risk factor entitled "Regulatory action in the event
a bank or investment firm in the Group is failing or likely to fail, including the exercise by the
Resolution Authority of a variety of statutory resolution powers, could materially adversely
affect the value of the Notes" on pages 15-16 of the Base Prospectus.

ROC TAXATION
The following summary of certain taxation provisions under ROC law is based on the Issuer's
understanding of current law and practice. It does not purport to be comprehensive and does
not constitute legal or tax advice. Investors (particularly those subject to special tax rules, such
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