Barclays Bank PLC Increases Purchase Price of Certain Cash Tender Offers and Consent Solicitations
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 sixteen separate series (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 increased the Purchase Price per Note applicable to certain Series.
Each Offer and Consent Solicitation is subject to the conditions and restrictions set out in the Offer to Purchase and Consent Solicitation Statement dated December 7, 2023, as supplemented by Supplement No. 1 dated March 7, 2024 (“Supplement No. 1”) and Supplement No. 2 dated March 20, 2024 (as so supplemented, and as it may be further supplemented or amended from time to time, the “Statement”). Capitalized terms used and not otherwise defined in this announcement have the meanings given in the Statement. Except as otherwise set forth below, the terms and conditions of the Offers and Consent Solicitations as set forth in Supplement No. 1 will continue to apply.
Purchase Price Amendments
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For each Series listed in the table below, the Purchase Price per Note has been increased from the value specified in Supplement No. 1. The specified Purchase Price per Note for each Series listed below reflects a premium to the Closing Indicative Note Value of that Series on March 20, 2024. The Purchase Price may be lower than the trading price of the Notes of that Series on the Expiration Date. The Expiration Date for each Series is April 3, 2024 and has not changed from the date specified in Supplement No. 1.
Title of Note |
Bloomberg |
CUSIP / ISIN |
Purchase Price |
Closing Indicative Note Value on |
iPath CBOE S&P 500 BuyWrite IndexSM ETN |
BWVTF |
06739F135 / GB00B1WL1590 |
$107.00 |
$103.26 |
iPath Bloomberg Livestock Subindex Total ReturnSM ETN |
COWTF |
06739H743 / US06739H7439 |