As discussed further in product supplement SUN-1, the Treasury Department and the Internal Revenue Service are actively considering various alternative treatments that may apply to instruments such as the notes, possibly with retroactive effect. The notes may be suitable investments for investors that believe that the Ending Value will be greater than the Threshold Value. When one component stock is replaced, the entire index is reviewed. You may access the following documents on the SEC Website at www. Capitalized terms used but not defined in this term sheet have the meanings set forth in product supplement SUN
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You should read this term sheet, together with the documents listed below, which together contain the terms of the notes and supersede all prior or contemporaneous oral statements as well as any other written materials. On the pricing date, the closing 6852a2 of the Index was 12, There are important differences between the notes and a conventional debt security, including different investment risks.
Amount of Registration Fee 1.
These short- to medium-term investments offer you a way to enhance exposure to a particular market view without taking on a similarly enhanced level of market downside risk. The following examples do not take into account any tax consequences from investing in the notes.
The notes may not be an appropriate investment for you if: You understand that secondary market prices for the notes, if any, will be affected by various factors, including our actual and perceived creditworthiness. Accordingly, purchasers who wish to trade the notes more than three business days prior to the original issue date will be required to specify alternative settlement arrangements to prevent a failed settlement.
The notes are not guaranteed or insured by the Federal Deposit Insurance Corporation or secured by collateral. Your yield may be less than the yield on a conventional debt security of comparable maturity.
Filed Pursuant to Rule b 2. You are willing to accept that a trading market is not expected to develop for the notes. Market-Linked Investments come in four basic categories, each designed to meet a different set of investor risk profiles, time horizons, income requirements, and market views bullish, bearish, moderate outlook, etc. A trading market is not expected to develop for the notes.
You seek assurances that there will be a liquid market if and when you want to sell the notes prior to maturity. We may appoint and remove the calculation agent.
Your investment may result in a loss; there is no guaranteed return of principal. The degree to which your principal is repaid at maturity is generally determined by the performance of the linked asset.
The value of the Index is the sum of the primary exchange prices of each of the 30 common stocks included in the Index, divided by a divisor. The current formula used to calculate divisor adjustments is as follows: These short- to medium-term market-linked notes offer you a way to enhance your income stream, either through variable or fixed-interest coupons, an added payout at maturity based on the performance of the linked asset, or both.
Final Term Sheet – ML SUNs (DJIA)
Dow Jones, CME and their respective affiliates are not responsible for and have not participated in the determination of the timing of, prices at, or quantities of the notes to be issued or in the determination or calculation of the equation by which the notes are to be converted into cash. Under Rule 15c of the Securities Exchange Act oftrades in the secondary market generally are emn to settle in three business days, unless the parties to any such trade expressly agree otherwise.
Individuals are urged to consult their tax advisors regarding the application of this legislation to their ownership of the notes Enhanced Buffer Market-Linked Step Up Notes TS You may access the following documents on the SEC Website at www.
There are no pre-determined criteria for selection of a component stock except cmn component companies represented by the Index should be established U.
The component stocks of the Index may be changed at any time for any 86522a2.
An investment in the notes involves significant risks, including those listed below. We urge you to consult your investment, legal, tax, accounting, and other advisors before you invest in the notes. Is the Ending Value equal to or greater than the Threshold Value? Beneficial owners of the notes will not have any right to the component stocks included in the Index or any dividends paid on those stocks. You will receive per unit: The notes will rank equally with all of our other unsecured and unsubordinated debt, and any payments due on the notes, including any repayment of principal, will be subject to the credit risk of Barclays.
If it is determined that the scheduled calculation day is not a Market Measure Business Day, or if a Market Disruption Event occurs on the scheduled calculation day, the Ending Value will be determined as more fully described beginning on page S of product supplement SUN Regular cash dividends are not taken into account in the calculation of the Index.
Dow Jones, CME and their respective affiliates have no obligation or liability in connection with the administration, marketing or trading of the notes.