Thursday, 18 April 2024

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Barclays Bank PLC Updates Announcement of 16 Cash Tender Offers and Consent Solicitations By

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NEW YORK–(BUSINESS WIRE)–Barclays Bank PLC (the Issuer) announced today that, in connection with its previously announced cash tender offers (each, an Offer) to purchase any and all of its outstanding exchange-traded notes (the Notes or the ETNs) of the sixteen separate series listed in tables below (each, a Series) and the solicitation of consents (each, a Consent Solicitation) from holders of the Notes (the Noteholders) to amend certain provisions of the Notes with respect to each Series, it has:

  • determined the results of the Offer and Consent Solicitation for each Series included in Table 1 below (each, an Expired Series); and
  • extended the expiration deadline for the Offer and Consent Solicitation with respect to each Series included in Table 2 below (each, an Extended Series) and amended the purchase price per Note (the Purchase Price) for certain Extended Series as set forth in Table 2 below.

Each Offer and Consent Solicitation is subject to the conditions and restrictions set out in the Initial Statement, as supplemented by Supplement No. 3 dated April 4, 2024 (as so supplemented, and as it may be further supplemented or amended from time to time, the Statement). The Initial Statement is the Offer to Purchase and Consent Solicitation Statement dated December 7, 2023, as supplemented by Supplement No. 1 dated March 7, 2024 and Supplement No. 2 dated March 20, 2024. Capitalized terms used and not otherwise defined in this announcement have the meanings given in the Statement.

Expired Series

The Offer and Consent Solicitation for each Expired Series expired at 11:59 p.m., New York City time, on April 3, 2024 (with respect to each Expired Series, the Expiration Deadline). For each Expired Series, the Issuer has received and accepted the specified number of Notes validly tendered and not validly withdrawn prior to the Expiration Deadline. All conditions to the Offer for each Expired Series were deemed satisfied or waived by the Issuer as of the Expiration Deadline. The aggregate purchase price of the Notes for each Series accepted by the Issuer will be the specified dollar amount set forth in Table 1 below, reflecting the previously announced Purchase Price per Note. On April 10, 2024 (the Settlement Date), Noteholders whose Notes have been accepted for purchase pursuant to the relevant Offer will receive the previously announced applicable Purchase Price. No Offer or Consent Solicitation is currently open in respect of the Expired Series.

Table 1:…

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