21st Feb 2014 13:42
From: Barclays Bank PLC, of 5 The North Colonnade, Canary Wharf, London E14 4BB ("Barclays")
To: Holders of GBP 35,000,000 Index Linked Notes due August 2018, Series S593, ISIN: XS0383457297 (the "Notes") issued pursuant to the Programme for the issuance of Structured Investment Management Plan Linked to Equity ("S.I.M.P.L.E") Notes (the "Programme")
21 February 2014
Second Notice of Successor Commodity Reference Price
Dear Sirs,
This Second Notice dated 21 February 2014 follows an initial notice dated 29 January 2014 provided to inform you of Barclays' offer to buy back the Notes at par. The initial offer period has been extended and this offer now applies to all orders received and confirmed by Barclays on or before 11:00 a.m. London time on 14 March 2014. No further purchase of the Notes by investors is, or will be, possible and any purchase of the Notes by Barclays will be in its sole discretion. Please contact your relationship manager for further information.
To the holders of Notes after this time Barclays hereby notifies you that:
1. the Index Sponsor will discontinue the publication of and permanently cancel the CORALS (USD) Total Return IndexTM, as displayed on http://ecommerce.barcap.com/indices and Bloomberg (ticker: BXIICORT ) and 28 March 2014 is the last expected day when the Index will be calculated and published;
2. as Determination Agent, Barclays has determined that the Barclays Commodity Strategy 1648 Index Total Return (Bloomberg ticker: BXCS1648 ) (the "Successor Index") shall be used to determine the Successor Commodity Reference Price, pursuant to paragraph 3 (Adjustments to Commodity Index) of Annex 2 (Adjustments to Payment Dates or Settlement Dates) to the Final Terms; and
3. as of 21 March 2014 (the "Transition Date"), all references in the Final Terms to the CORALS (USD) Total Return IndexTM shall be deemed to be references to the Successor Index and the Final Terms shall be amended and restated to reflect this. In all other respects the Conditions of the Notes will remain in full effect.
Information regarding the Successor Index is available on http://ecommerce.barcap.com/indices/show?url=Index_Products/Commodities/Other/Barclays_Commodity_Strategy_1648_Index.
Capitalised terms used but not otherwise defined herein shall have the meanings given to them in the Final Terms dated 31 March 2009, as read in conjunction with the Base Prospectus dated 8 April 2008 (as supplemented and amended).
Kind Regards,
Barclays Bank PLC
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