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Investment Bank

Investment Bank

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MiFID II - Article 41(4)

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Disclosure in relation to the offer of financial instruments issued by Barclays

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Introduction

Barclays Bank PLC, an Investment Firm as defined by the Markets in Financial Instruments Directive II (“MiFID II”), and its MiFID II Investment Firm subsidiaries (together, “Barclays”) comprise a multi-service financial institution that engages in a wide variety of activities in relation to multiple products and services, with a broad and diverse client base. As part of these activities, Barclays may offer financial instruments (as defined in MiFID II) issued by themselves or other group entities to its clients that are included in the calculation of prudential requirements specified in Regulation (EU) No 575/2013 of the European Parliament and of the Council, Directive 2013/36/EU of the European Parliament and of the Council or Directive 2014/59/EU of the European Parliament and of the Council.


Under Article 41(4) of Commission Delegated Regulation (EU) 2017/565 Barclays shall provide additional information explaining the differences between the financial instrument and bank deposits in terms of yield, risk, liquidity and any protection provided in accordance with Directive 2014/49/EU of the European Parliament and of the Council which is set out below.

Disclosure

An investment in a financial instrument as defined in MiFID II may give rise to a higher yield than a bank deposit placed with Barclays (a "Barclays Bank Deposit"). However, an investment in a financial instrument carries risks which are very different from the risk profile of a Barclays Bank Deposit. Financial instruments are expected to have greater liquidity than a Barclays Bank Deposit since Barclays Bank Deposits are generally not transferable. However, financial instruments may have no established trading market when issued, and one may never develop. Certain financial instruments issued by Barclays are subordinated obligations of the relevant issuer and investments in financial instruments do not benefit from any protection provided pursuant to Directive 2014/49/EU of the European Parliament and of the Council on deposit guarantee schemes or any national implementing measures implementing this directive in any jurisdiction. Therefore, if the issuer becomes insolvent or defaults on its obligations, investors investing in such financial instruments in a worst case scenario could lose their entire investment. Further, as a result of the implementation of Directive 2014/59/EU of the European Parliament and of the Council, holders of certain financial instruments may be subject to write-down or conversion into equity on any application of the general bail-in tool and non-viability loss absorption, which may result in such holders losing some or all of their investment.


Please see the terms of the relevant financial instrument for detailed information about its yield and risk profile.


More details related to the above disclosure are available upon request.
 

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