Barclays Bank PLC Amends 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 five 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 amended 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 Initial Statement, as supplemented by Supplement No. 8 dated September 10, 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, Supplement No. 2 dated March 20, 2024, Supplement No. 3 dated April 4, 2024, Supplement No. 4 dated May 20, 2024, Supplement No. 5 dated June 5, 2024, Supplement No. 6 dated July 16, 2024 and Supplement No. 7 dated July 31, 2024. 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 the Initial Statement will continue to apply.
Purchase Price Amendments
For each Series listed in the table below, the Purchase Price per Note has been amended from the value specified in the Initial Statement. The specified Purchase Price per Note for each Series listed below reflects a premium to the Closing Indicative Note Value of that Series on September 10, 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 September 25, 2024 and has not changed from the date specified in the Initial Statement.
Title of Note |
Bloomberg |
CUSIP / ISIN |
Purchase Price per Note* |
Closing Indicative Note Value on September 10, 2024 |
iPath CBOE S&P 500 BuyWrite IndexSM ETN |
BWVTF |
06739F135 / GB00B1WL1590 |