SEC Form FWP filed by Barclays PLC
Free Writing Prospectus
Filed pursuant to Rule 433
Registration Statement No. 333-232144
Dated January 7, 2022
| CAPPED NOTES |
Capped Notes Linked to a Global Equity Index Basket
| Issuer | Barclays Bank PLC (“Barclays”) |
| Principal Amount | $10.00 per unit |
| Term | Approximately 4 years |
| Market Measure | A global equity index basket comprised of the S&P 500® Index (Bloomberg symbol: “SPX”), the Russell 2000® Index (Bloomberg Symbol: “RTY”), the EURO STOXX 50® Index (Bloomberg symbol: “SX5E”), the FTSE® 100 Index (Bloomberg symbol: “UKX”), the Nikkei 225 Index (Bloomberg symbol: “NKY”), the Swiss Market Index (Bloomberg symbol: “SMI”), the S&P/ASX 200 Index (Bloomberg symbol: “AS51”) and the FTSE China 50 Index (Bloomberg symbol: “XIN0I”). Each Basket Component is a price return index. The S&P 500® Index will be given an initial weight of 55.00%, the Russell 2000® Index will be given an initial weight of 15.00%, the EURO STOXX 50® Index will be given an initial weight of 12.00%, each of the FTSE® 100 Index and the Nikkei 225 Index will be given an initial weight of 6.00%, each of the Swiss Market Index and the S&P/ASX 200 Index will be given an initial weight of 2.25% and the FTSE China 50 Index will be given an initial weight of 1.50%. |
| Payout Profile at Maturity |
· 1.5-to-1 upside exposure to increases in the Market Measure, subject to the Capped Value · 1-to-1 downside exposure to decreases in the Market Measure, with up to 100.00% of your principal at risk |
| Capped Value | [$15.00 to $15.40] per unit, a [50.00% to 54.00%] return over the principal amount, to be determined on the pricing date. |
| Participation Rate | 150.00% |
| Interest Payments | None |
| Preliminary Offering Documents |
http://www.sec.gov/Archives/edgar/data/312070/00009
|
| Exchange Listing | No |
You should read the relevant Preliminary Offering Documents before you invest. Click on the Preliminary Offering Documents hyperlink above or call your Financial Advisor for a hard copy.
Risk Factors
Please see the Preliminary Offering Documents for a description of certain risks related to this investment, including, but not limited to, the following:
| · | Depending on the performance of the Market Measure as measured shortly before the maturity date, your investment may result in a loss; there is no guaranteed return of principal. |
| · | Payments on the notes, including repayment of principal, are subject to the credit risk of Barclays and to the risk of exercise of any U.K. Bail-in Power or any other resolution measure by the relevant U.K. resolution authority. If Barclays becomes insolvent, is unable to pay its obligations, or any other resolution measure is exercised, you may lose your entire investment. |
| · | Changes in the level of one of the Basket Components may be offset by changes in the levels of the other Basket Components. |
| · | Your investment return is limited to the return represented by the Capped Value and may be less than a comparable investment directly in the stocks included in the Basket Components. |
| · | The initial estimated value of the notes on the pricing date will be less than their public offering price. |
| · | If you attempt to sell the notes prior to maturity, their market value may be lower than both the public offering price and the initial estimated value of the notes on the pricing date. |
| · | You will have no rights of a holder of the securities included in the Basket Components, and you will not be entitled to receive securities or dividends or other distributions by the issuers of those securities. |
| · | Your return on the notes may be affected by factors affecting the international securities markets. In addition, you will not obtain the benefit of any increase in the value of any currency in which the securities included in the Basket Components are traded against the U.S. dollar, which you would receive if you had owned the securities included in the Basket Components during the term of your notes, although the value of the notes may be adversely affected by general exchange rate movements in the market. |
| · | There are risks associated with small-size capitalization companies. The stock prices of small-size companies may be more volatile than stock prices of large capitalization companies. Small-size capitalization companies may be less able to withstand adverse economic, market, trade and competitive conditions relative to larger companies. Small-size capitalization companies may also be more susceptible to adverse developments related to their products or services. |
Final terms will be set on the pricing date within the given range for the specified Market-Linked Investment. Please see the Preliminary Offering Documents for complete product disclosure, including related risks and tax disclosure.
The graph above and the table below reflect the hypothetical return on the notes, based on the terms contained in the table to the left (using the mid-point for any range(s)). The graph and table have been prepared for purposes of illustration only and do not take into account any tax consequences from investing in the notes.
| Hypothetical Percentage Change from the Starting Value to the Ending Value | Hypothetical Redemption Amount per Unit | Hypothetical Total Rate of Return on the Notes |
| -100.00% | $0.00 | -100.00% |
| -50.00% | $5.00 | -50.00% |
| -40.00% | $6.00 | -40.00% |
| -30.00% | $7.00 | -30.00% |
| -20.00% | $8.00 | -20.00% |
| -10.00% | $9.00 | -10.00% |
| 0.00% | $10.00 | 0.00% |
| 2.00% | $10.30 | 3.00% |
| 5.00% | $10.75 | 7.50% |
| 10.00% | $11.50 | 15.00% |
| 20.00% | $13.00 | 30.00% |
| 30.00% | $14.50 | 45.00% |
| 34.67% | $15.20(1) | 52.00% |
| 40.00% | $15.20 | 52.00% |
| 50.00% | $15.20 | 52.00% |
|
(1) This Redemption Amount per unit cannot exceed the hypothetical Capped Value. | ||
Barclays Bank PLC (Barclays) has filed a registration statement (which includes a prospectus) with the Securities and Exchange Commission
(SEC) for the notes that are described in this Guidebook. Before you invest, you should carefully read the prospectus in that registration
statement and other documents that Barclays has filed with the SEC for more complete information about Barclays and any offering described
in this Guidebook. You may obtain these documents without cost by visiting EDGAR on the SEC Website at www.sec.gov.
Barclays's Central Index Key, or CIK, on the SEC website is 312070. Alternatively, Merrill Lynch will arrange to send you the prospectus
and other documents relating to any offering described in this document if you so request by calling toll-free 1-800-294-1322. Barclays
faces risks that are specific to its business, and we encourage you to carefully consider these risks before making an investment in
its securities.