NEW YORK--(BUSINESS WIRE)--Barclays Bank PLC announced today that it has determined the purchase price in connection with its previously announced cash tender offer to purchase any and all of its iPath MSCI India Index ETNs due December 18, 2036 (CUSIP: 06739F291/ISIN: US06739F2911). The Offer and related solicitation of consents from holders of the Notes to amend certain provision of the Notes are subject to the conditions and restrictions set out in the Amended and Restated Offer to Purchase and Consent Solicitation Statement dated August 5, 2020.

In accordance with the terms of the Offer, the purchase price of the Notes is $86.4057 per $50 principal amount of Notes (the “Purchase Price”). The Purchase Price reflects a 4% premium to the Closing Indicative Note Value of the Notes on September 1, 2020, which was $83.0824. The Offer and Consent Solicitation will expire at 11:59 p.m., New York City time, on September 1, 2020 (the “Expiration Deadline”), unless extended or early terminated by the Issuer, in which case notification to that effect will be given by or on behalf of the Issuer in accordance with the methods set out in the Statement. To receive the Purchase Price, Noteholders must validly tender and not withdraw their Notes prior to the Expiration Deadline.

The Issuer intends to announce, inter alia, its decision whether to accept valid tenders of Notes for purchase pursuant to the Offer in an announcement following the Expiration Deadline.

The Issuer reserves the right, in its sole and absolute discretion, not to accept any tender instructions, not to purchase Notes or to extend, re-open, withdraw or terminate the Offer and Consent Solicitation and to amend or waive any of the terms and conditions of the Offer and Consent Solicitation in any manner, subject to applicable laws and regulations.

Capitalized terms used and not otherwise defined in this announcement have the meanings given in the Statement.

For Further Information

A complete description of the terms and conditions of the Offer is set out in the Statement. Further details about the transaction can be obtained from:

About Barclays

Barclays is a British universal bank. We are diversified by business, by different types of customer and client, and geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group. Barclays offers investment banking products and services in the US through Barclays Capital Inc. For further information about Barclays, please visit our website home.barclays.com