www.ib.barclays Open in urlscan Pro
104.94.121.254  Public Scan

Form analysis
1 forms found in the DOM

/search-results.html

<form action="/search-results.html" class="logo-banner__search__form" data-search-form="">
  <input type="text" name="search" id="ib-search-new" class="ib-input ui-autocomplete-input" placeholder="" autocomplete="off"> <a class="clear-input">X</a>
  <button type="submit" class="ib-go">Search</button>
  <button type="reset" class="ib-cancel">Cancel</button>
  <div class="searchDropDownNew">
    <ul id="ui-id-1" tabindex="0" class="ui-menu ui-widget ui-widget-content ui-autocomplete ui-front" unselectable="on" style="display: none;"></ul>
  </div>
  <i class="icon icon__search"></i>
</form>

Text Content

Please enable JavaScript for full functionality.
 * Home
 * Global MarketsGlobal Markets
   * Main menu
   * Global Markets
   * BARX Electronic TradingBARX Electronic Trading
 * ResearchResearch
   * Main menu
   * Research
   * AlexaAlexa
   * Data HubData Hub
   * The Eagle Eye NewsletterThe Eagle Eye Newsletter
 * InsightsInsights
   * Main menu
   * Insights
   * Record pace of activist campaigns continues into 2023Record pace of
     activist campaigns continues into 2023
   * Optionality and AutomationOptionality and Automation
   * Clean, Lean and GreenClean, Lean and Green
   * Reducing Friction in International PaymentsReducing Friction in
     International Payments
   * Addressing human security: 150 investable trendsAddressing human security:
     150 investable trends
   * Food SecurityFood Security
   * 10 ESG Themes for Asia-Pacific: A Region Under Pressure10 ESG Themes for
     Asia-Pacific: A Region Under Pressure
   * UK Autumn StatementUK Autumn Statement
   * ESG investing yields positive returns in select bond marketsESG investing
     yields positive returns in select bond markets
   * An uneasy alliance: can the world be less reliant on oil?An uneasy
     alliance: can the world be less reliant on oil?
   * 3 Point Perspective3 Point Perspective
   * ThemesThemes
   * The post-COVID economyThe post-COVID economy
   * A growing divide: Income inequality affects US homeownershipA growing
     divide: Income inequality affects US homeownership
   * The future of Smart CitiesThe future of Smart Cities
   * SeriesSeries
   * Flexible WorkingFlexible Working
   * Tracking the evolution of Fixed Income tradingTracking the evolution of
     Fixed Income trading
   * Barclays Asia Forum 2021Barclays Asia Forum 2021
   * Should the Federal Reserve create a digital dollar?Should the Federal
     Reserve create a digital dollar?
   * 10 ESG themes for 2022: The transition mission10 ESG themes for 2022: The
     transition mission
   * Extreme WeatherExtreme Weather
   * Barclays Asia Forum 2022Barclays Asia Forum 2022
   * The Future of FintechThe Future of Fintech
   * 5 trends in shareholder activism that have emerged in 20235 trends in
     shareholder activism that have emerged in 2023
   * The labour supply crunchThe labour supply crunch
   * The green transition: Driving force behind a radical rethinkThe green
     transition: Driving force behind a radical rethink
   * Payments evolution in the UAE and Middle EastPayments evolution in the UAE
     and Middle East
   * Barclays Asia Forum 2023Barclays Asia Forum 2023
   * Can global energy evolve to achieve net zero by 2050?Can global energy
     evolve to achieve net zero by 2050?
   * Top shareholder activism trends through Q3Top shareholder activism trends
     through Q3
   * Shareholder Activism 2023 round upShareholder Activism 2023 round up
   * M&A Outlook 2024M&A Outlook 2024
   * Middle East Payments updateMiddle East Payments update
   * Shareholder activists take aim at Boards Shareholder activists take aim at
     Boards
   * The Flip Side podcastThe Flip Side podcast
   * Shareholder activism continues at record pace in 2024Shareholder activism
     continues at record pace in 2024
 * News and EventsNews and Events
   * Main menu
   * News and Events
   * Jobs of tomorrow, solutions for the planetJobs of tomorrow, solutions for
     the planet
   * Encore! A path for workplace re-entryEncore! A path for workplace re-entry
   * Encore! programme reboots careersEncore! programme reboots careers
   * 10 million pixels of digital innovation10 million pixels of digital
     innovation
   * Reenergising careers through Encore!Reenergising careers through Encore!
   * Making a difference: Tarun Mathur and the Everest ChallengeMaking a
     difference: Tarun Mathur and the Everest Challenge
   * Accelerating the growth of sustainable entrepreneursAccelerating the growth
     of sustainable entrepreneurs
   * Barclays ranked number one in green bond issuance in Q1 2020Barclays ranked
     number one in green bond issuance in Q1 2020
   * Barclays Research launches UK Spend Trends 2.0Barclays Research launches UK
     Spend Trends 2.0
   * We want a culture where you feel safe in being yourselfWe want a culture
     where you feel safe in being yourself
   * £100 million COVID-19 Community Aid Package£100 million COVID-19 Community
     Aid Package
   * Barclays Adds ESG Assessment and IndicatorsBarclays Adds ESG Assessment and
     Indicators
   * Our ambition to be a net zero bank by 2050Our ambition to be a net zero
     bank by 2050
   * Barclays appoints Gautam Chawla as Vice ChairmanBarclays appoints Gautam
     Chawla as Vice Chairman
   * Barclays Corporate & Investment Bank appoints Alex LynchBarclays Corporate
     & Investment Bank appoints Alex Lynch
   * HEROES is supporting key workersHEROES is supporting key workers
   * 2020 EGS: Putting the post-COVID world in context2020 EGS: Putting the
     post-COVID world in context
   * Combatting the dual pandemics of COVID-19 and inequalityCombatting the dual
     pandemics of COVID-19 and inequality
   * Empowering local talent with skills for digital & tech jobsEmpowering local
     talent with skills for digital & tech jobs
   * Closing the 'digital divide' remote training during COVID-19Closing the
     'digital divide' remote training during COVID-19
   * Barclays expands leadership in ESG bankingBarclays expands leadership in
     ESG banking
   * Barclays Launches NDF Algorithms on BARXBarclays Launches NDF Algorithms on
     BARX
   * Barclays appoints Kieran-DoranBarclays appoints Kieran-Doran
   * Barclays appoints Philip-GillmannBarclays appoints Philip-Gillmann
   * Barclays appoints Manuel EsteveBarclays appoints Manuel Esteve
   * How Barclays is promoting gender diversity How Barclays is promoting gender
     diversity
   * “Trading is about the world around you”“Trading is about the world around
     you”
   * Barclays expands FX footprint in Singapore Barclays expands FX footprint in
     Singapore
   * “To be successful on the trading floor”“To be successful on the trading
     floor”
   * Having diverse thinkers helps us make better decisionsHaving diverse
     thinkers helps us make better decisions
   * Robin Hood: COVID-19 ReliefRobin Hood: COVID-19 Relief
   * Barclays appoints Florent RodierBarclays appoints Florent Rodier
   * Entrepreneurship As A Force For GoodEntrepreneurship As A Force For Good
   * QPS book: Systematic Investing in CreditQPS book: Systematic Investing in
     Credit
   * Barclays Launches BARX Book for EquitiesBarclays Launches BARX Book for
     Equities
   * Charity partnerships making a difference in Asia PacificCharity
     partnerships making a difference in Asia Pacific
   * Marie Freier appointed as Global Head of ESG ResearchMarie Freier appointed
     as Global Head of ESG Research
   * Keeping social innovation alive during COVID-19Keeping social innovation
     alive during COVID-19
   * Recognising colleagues' extraordinary efforts amid COVID-19Recognising
     colleagues' extraordinary efforts amid COVID-19
   * Barclays Research climbs in Institutional InvestorBarclays Research climbs
     in Institutional Investor
   * Barclays & Solactive launch Climate Change Europe BTI IndexBarclays &
     Solactive launch Climate Change Europe BTI Index
   * Barclays enhances its BARX electronic trading offeringBarclays enhances its
     BARX electronic trading offering
   * Barclays appoints Anthony Samengo-TurnerBarclays appoints Anthony
     Samengo-Turner
   * Relief to recovery: supporting efforts to tackle COVID-19Relief to
     recovery: supporting efforts to tackle COVID-19
   * Ossiam ESG Low Carbon Shiller Barclays ETF 3rd anniversaryOssiam ESG Low
     Carbon Shiller Barclays ETF 3rd anniversary
   * Barclays appoints Tim DevineBarclays appoints Tim Devine
   * Barclays appoints David MacGownBarclays appoints David MacGown
   * Barclays appoints Lucy DemeryBarclays appoints Lucy Demery
   * Barclays Research publishes the 2021 Equity Gilt StudyBarclays Research
     publishes the 2021 Equity Gilt Study
   * How Springboard Collaborative is closing the literacy gapHow Springboard
     Collaborative is closing the literacy gap
   * Barclays and Agape: Enabling People to SucceedBarclays and Agape: Enabling
     People to Succeed
   * Barclays appoints Ee-Ching TayBarclays appoints Ee-Ching Tay
   * Barclays appoints Tobias ÅkermarkBarclays appoints Tobias Åkermark
   * Barclays appoints Bronson AlberyBarclays appoints Bronson Albery
   * Supporting a recharge for healthcare workers Supporting a recharge for
     healthcare workers
   * Barclays named Western Europe’s Best Investment BankBarclays named Western
     Europe’s Best Investment Bank
   * New Management Team for Investment BankingNew Management Team for
     Investment Banking
   * Barclays announces three key appointments in EuropeBarclays announces three
     key appointments in Europe
   * Barclays appoints Keith RobinsonBarclays appoints Keith Robinson
   * Barclays appoints Mani JosephBarclays appoints Mani Joseph
   * Meet the architects of Barclays’ racial equity planMeet the architects of
     Barclays’ racial equity plan
   * Barclays appoints Davide SalaBarclays appoints Davide Sala
   * Barclays appoints Angela LiuBarclays appoints Angela Liu
   * Barclays named Derivatives House of the YearBarclays named Derivatives
     House of the Year
   * Bringing in-demand tech skills to more New YorkersBringing in-demand tech
     skills to more New Yorkers
   * Barclays appoints Jefferson RivesBarclays appoints Jefferson Rives
   * Barclays appoints Aamir KhanBarclays appoints Aamir Khan
   * Barclays appoints Duncan Beattie and Duncan ConnellanBarclays appoints
     Duncan Beattie and Duncan Connellan
   * Barclays creates new Sustainable and Impact Banking GroupBarclays creates
     new Sustainable and Impact Banking Group
   * François Baroin appointed Barclays Chairman, FranceFrançois Baroin
     appointed Barclays Chairman, France
   * Barclays appoints Sven BaumannBarclays appoints Sven Baumann
   * Risk.net - Prime broker of the year: BarclaysRisk.net - Prime broker of the
     year: Barclays
   * Urvashi Batra joins BarclaysUrvashi Batra joins Barclays
   * Raising $30m for women-led, climate-focused enterprises Raising $30m for
     women-led, climate-focused enterprises
   * Barclays appoints Carrie Chen and Raymond YuBarclays appoints Carrie Chen
     and Raymond Yu
   * Barclays appoints Corinne GrainBarclays appoints Corinne Grain
   * First-Ever Commissions for Cancer Yields Big ResultsFirst-Ever Commissions
     for Cancer Yields Big Results
   * Celebrating the incredible accomplishments of our colleaguesCelebrating the
     incredible accomplishments of our colleagues
   * Barclays appoints Graham WarnerBarclays appoints Graham Warner
   * Barclays appoints Ed SkiltonBarclays appoints Ed Skilton
   * Barclays hires Aytac IlhanBarclays hires Aytac Ilhan
   * Barclays appoints Hossein ZaimiBarclays appoints Hossein Zaimi
   * Barclays appoints Alexis de Rosnay, Jeff AmmermanBarclays appoints Alexis
     de Rosnay, Jeff Ammerman
   * Barclays appoints Arif Vohra Barclays appoints Arif Vohra
   * 2022 Equity Gilt Study launches2022 Equity Gilt Study launches
   * Barclays named Best Investment Bank in the UKBarclays named Best Investment
     Bank in the UK
   * Colleagues in Japan give back to the communityColleagues in Japan give back
     to the community
   * Raising funds for the people of La Palma, SpainRaising funds for the people
     of La Palma, Spain
   * Building a bridge to hope with Covenant HouseBuilding a bridge to hope with
     Covenant House
   * Ensuring gender diversity in leadership with LEAPEnsuring gender diversity
     in leadership with LEAP
   * Barclays appoints Enrico Massaro Barclays appoints Enrico Massaro
   * Barclays appoints Adrian BeidasBarclays appoints Adrian Beidas
   * Daniel Hanna joins BarclaysDaniel Hanna joins Barclays
   * Barclays appoints Marie Freier Barclays appoints Marie Freier
   * Barclays has appointed Tim Main, Reid Marsh and Arif VohraBarclays has
     appointed Tim Main, Reid Marsh and Arif Vohra
   * For the past 50 years, Barclays has been my lifeFor the past 50 years,
     Barclays has been my life
   * Barclays appoints Jim RossmanBarclays appoints Jim Rossman
   * 2022 Institutional Investor Fixed-Income rankings2022 Institutional
     Investor Fixed-Income rankings
   * How War and Extreme Weather Are Exacerbating Food InsecurityHow War and
     Extreme Weather Are Exacerbating Food Insecurity
   * Barclays Expands Technology Banking FranchiseBarclays Expands Technology
     Banking Franchise
   * Barclays appoints new co-heads of Investment BankingBarclays appoints new
     co-heads of Investment Banking
   * Barclays wins Credit derivatives house of the yearBarclays wins Credit
     derivatives house of the year
   * Barclays steps forward to support communities in SingaporeBarclays steps
     forward to support communities in Singapore
   * Barclays appoints Foruhar MadjlessiBarclays appoints Foruhar Madjlessi
   * 2023 Equity Gilt Study2023 Equity Gilt Study
   * Barclays announces new leadership for Global EquitiesBarclays announces new
     leadership for Global Equities
   * WimbledonWimbledon
   * Barclays appoints Christopher LudwigBarclays appoints Christopher Ludwig
   * Barclays announces key appointments in Global MacroBarclays announces key
     appointments in Global Macro
   * Barclays appoints Akihiko YamadaBarclays appoints Akihiko Yamada
   * Barclays appoints Lee CounselmanBarclays appoints Lee Counselman
   * Barclays appoints Pedro CostaBarclays appoints Pedro Costa
   * Barclays appoints two new senior leadersBarclays appoints two new senior
     leaders
   * Barclays appoints two new senior hiresBarclays appoints two new senior
     hires
   * Barclays appoints Jed BrodyBarclays appoints Jed Brody
   * Barclays appoints Michael Del GiudiceBarclays appoints Michael Del Giudice
   * Barclays appoints Geoffrey BelsherBarclays appoints Geoffrey Belsher
   * Barclays appoints Ian WoodsBarclays appoints Ian Woods
   * Barclays appoints Denise WongBarclays appoints Denise Wong
   * Barclays appoints Jean-Baptiste PatoisBarclays appoints Jean-Baptiste
     Patois
   * Barclays appoints Alishba AliBarclays appoints Alishba Ali
   * Barclays appoints Naohiko Baba Barclays appoints Naohiko Baba
   * Barclays appoints Ryan VoegeliBarclays appoints Ryan Voegeli
   * Barclays establishes new Energy Transition GroupBarclays establishes new
     Energy Transition Group
   * Barclays appoints Abhay Kumar SinhaBarclays appoints Abhay Kumar Sinha
   * Barclays Appoints David GarnerBarclays Appoints David Garner
   * Barclays appoints Rafael AbatiBarclays appoints Rafael Abati
   * Barclays appoints Isabelle MillatBarclays appoints Isabelle Millat
   * Barclays appoints David KingBarclays appoints David King
   * Barclays Appoints Alexander AltmannBarclays Appoints Alexander Altmann
   * Barclays appoints Christian WagnerBarclays appoints Christian Wagner
   * Barclays appoints Jonathon Traer-ClarkBarclays appoints Jonathon
     Traer-Clark
 * Client Login
   
    * Barclays Live
    * BARX

 * Barclays Group
 * Contact us
 * Careers


Double click here to edit new New Header component
Investment Bank
How can we help?
X Search Cancel

Contact Us Client Login
* Barclays Live
* BARX
Search

 * Solutions
   
   * Solutions
     
     Solutions
     Solutions
     Investment Banking
     Investment Banking
     
     Global Markets
     Global Markets
     
     Research
     Research
     
     International Corporate Banking
     International Corporate Banking
     
     SOLUTIONS
     
     Barclays Investment Bank offers advisory, finance and risk management
     services that connect your ideas to capital and power possibilities.
     
     Explore Solutions
     INVESTMENT BANKING
     
     Powering long-term growth for companies, governments and financial
     institutions worldwide through expert strategic advice, financing and risk
     management solutions.
     
     Mergers & Acquisitions
     
     Strategic advice for complex transactions
     
     Equity Capital Markets
     
     Guidance through all aspects of the equity financing process
     
     Debt Capital Markets
     
     Investment grade fixed income debt financing solutions
     
     Leveraged Finance
     
     Advisory, arranging and underwriting of high yield debt
     
     Risk Management
     
     Strategic and tactical risk management solutions
     
     GLOBAL MARKETS
     
     Powering performance for institutional investors with a full range of
     execution services, forward-thinking ideas and risk management solutions
     across asset classes.
     
     Macro
     
     Strategy and execution in global rates and FX products
     
     Equities
     
     Deep liquidity in cash and derivative products
     
     Credit
     
     Debt instruments across the capital structure
     
     Securitised products
     
     Global solutions across vertically integrated business
     
     Prime Services
     
     Equity financing and prime derivatives services
     
     Fixed Income Financing
     
     Financing of all fixed income securities
     
     Barclays Investment Managers
     
     Customised fund solutions across multiple asset classes
     
     RESEARCH
     
     Powering perspectives for institutional investors through data-driven
     analysis, actionable insights and access to our Research analysts across
     global sectors, markets and economies.
     
     Equity Research
     
     Industry sector research fuelled by deep expertise
     
     Credit Research
     
     Actionable company, sector and strategy insights
     
     Macro & Strategy Research
     
     Actionable analysis of developed and emerging economies
     
     Thematic Investing Research
     
     Insights to help you navigate long-term, disruptive trends
     
     Sustainable Investing Research
     
     Analysis that enhances sustainable investing strategies
     
     Data & Investment Sciences
     
     Finding new ways to leverage data in investing
     
     Quantitative Portfolio Strategy
     
     Insights into all aspects of the investment process
     
     Bespoke Solutions
     
     Financial solutions customised for your needs
     
     INTERNATIONAL CORPORATE BANKING
     
     International Corporate Banking powers the world's largest businesses with
     wholesale lending and sophisticated treasury solutions supported by deep
     industry knowledge and on-the-ground specialists across the world.
     
     Trade and Working Capital
     
     A full suite of services to support international operations
     
     Cash Management
     
     Solutions to streamline operations and optimise cash flow
     
     Foreign Exchange
     
     Expertise to streamline cross-currency transactions
     
     Lending
     
     Bespoke lending tailored to your business and goals
     
     Green Solutions
     
     Driving your sustainability ambitions
     
     Currency Clearing
     
     Efficient payments clearing, integration and insight
     
     Payments
     
     Integrated, innovative and flexible payment solutions
     
     Digital Banking
     
     Bringing you a simpler, more effective digital journey
 * Insights
   
   * Insights
     
     Insights
     Insights
     Themes
     Themes
     
     Series
     Series
     
     INSIGHTS
     
     View thought-leading perspectives from Barclays Investment Bank’s financial
     experts and Research analysts.
     
     Read Our Insights
     THEMES
     
     Dive deeper into the topics and trends shaping economies and industries
     with timely analysis and insights from our experts.
     
     Macro Shifts
     
     Views on the seismic economic, geopolitical and demographic changes
     reshaping markets.
     
     Innovation Edge
     
     Perspectives on the disruption and innovation driving market and sector
     outcomes.
     
     Solving Sustainable
     
     Insights for companies and economies transitioning toward greater
     sustainability.
     
     SERIES
     
     Learn what’s driving the latest changes in business and markets through our
     regularly recurring series.
     
     3 Point Perspective
     
     Succinct yet powerful views on today’s economic and business opportunities
     and challenges.
     
     The Flip Side
     
     A podcast series where our Research analysts debate timely business and
     economic topics.
     
     Impact Series
     
     Robust reports exploring the social impact of macroeconomic and structural
     market forces.
 * News and Events
   
   * News and Events
     
     News and Events
     News and Events
     
     NEWS AND EVENTS
     
     Get the latest news about Barclays Investment Bank businesses, people and
     our work in the community, as well as our upcoming events and conferences.
     
     View News and Events
     
 * Contact Us
 * Client Login
   
     Client Login
     
   * Barclays Live
   * BARX

Parsys 1
Disclosures


SALES AND TRADING DISCLAIMER


SHARE THIS PAGE

 * 
 * 
 * 
 * 

Parsys 2

Unless expressly stated otherwise, any views and/or commentary contained in this
communication are of the Barclays Trading and/or Distribution desks, have not
been produced by Barclays’ Research Department and are not Investment Research
or Investment Recommendations. This communication does not contain a personal
recommendation. Where an Investment Recommendation is given by Barclays Trading
and/or Distribution desk, it is a marketing communication for the purposes of
the relevant conduct of business requirements applicable to the communication.
For important disclosures relating to this communication, please see below.

This communication has been prepared by Barclays. “Barclays” means any entity
within the Barclays Group of companies, where “Barclays Group” means Barclays
Bank PLC, Barclays PLC, Barclays Bank Ireland PLC and any of their subsidiaries,
affiliates, ultimate holding company and any subsidiaries or affiliates of such
holding company.

BARCLAYS IS A FULL SERVICE INVESTMENT BANK. In the normal course of offering
investment banking products and services to clients, Barclays may act in several
capacities (including issuer, market maker and/or liquidity provider,
underwriter, distributor, index sponsor, swap counterparty and calculation
agent) simultaneously with respect to a product, giving rise to potential
conflicts of interest which may impact the performance of a product. This
communication is from a Barclays Sales and/or Trading desk and is not a product
of the Barclays Research department.  Any views expressed may differ from those
of Barclays Research. Any views and/or commentary in this communication are of
the Barclays Sales and/or Trading desk from which it originates (the “Authors”).
This communication has not been produced, reviewed or approved by Barclays’s
Research department, and is not subject to any prohibition on dealing ahead of
the dissemination of research.  Any views expressed herein may not be objective
or independent of the interests of the Authors or other Barclays Sales and/or
Trading desks, who are active participants in the markets, investments or
strategies referred to in this communication.  This communication is not a
personal recommendation and do not take into account whether any product or
transaction is suitable for any particular investor. Barclays may at any time
acquire, hold or dispose of long or short positions (including hedging and
trading positions) and trade or otherwise effect transactions for their own
account or the account of their customers in the products referred to herein
which may impact the performance of a product.

THIS COMMUNICATION IS PROVIDED FOR INFORMATION PURPOSES ONLY AND IT IS SUBJECT
TO CHANGE. IT IS INDICATIVE ONLY AND IS NOT BINDING. Barclays is not offering to
sell or seeking offers to buy any product or enter into any transaction. Any
offer or entry into any transaction requires Barclays’ subsequent formal
agreement which will be subject to internal approvals and execution of binding
transaction documents. Neither Barclays nor any of its directors, officers,
employees, representatives or agents, accepts any liability whatsoever for any
direct, indirect or consequential losses (in contract, tort or otherwise)
arising from the use of this communication or its contents or reliance on the
information contained herein, except to the extent this would be prohibited by
law or regulation. Barclays is acting solely as principal and not as fiduciary.
Barclays does not provide, and has not provided, any investment advice or
personal recommendation to you in relation to the transaction and/or any related
securities described herein and is not responsible for providing or arranging
for the provision of any general financial, strategic or specialist advice,
including legal, regulatory, accounting, model auditing or taxation advice or
services or any other services in relation to the transaction and/or any related
securities described herein. Accordingly, Barclays is under no obligation to,
and shall not, determine the suitability for you of the transaction described
herein; your individual circumstances have not been assessed. You must
determine, on your own behalf or through independent professional advice, the
merits, terms, conditions and risks of the transaction described herein.

Barclays is not responsible for information stated to be obtained or derived
from third party sources or statistical services. Any past or simulated past
performance including back-testing, modelling or scenario analysis contained
herein is no indication as to future performance. No representation is made as
to the accuracy of the assumptions made within, or completeness of, any
modelling, scenario analysis or back-testing. All opinions and estimates are
given as of the date hereof and are subject to change. The value of any
investment may also fluctuate as a result of market changes. Barclays is not
obliged to inform the recipients of this communication of any change to such
opinions or estimates.

This document is being directed at persons who are professional investors and is
not intended for retail client use. Not For Further Distribution or Distribution
To Retail Clients. For Discussion Purposes Only. Subject to any specific
disclosures applicable to your jurisdiction in the ‘IMPORTANT DISCLOSURES’
section below and/or any contractual agreement between Barclays and a Client
that explicitly contradict this notice, information or materials (e.g. morning
briefings, monthly newsletters, market structure updates, trade ideas
(“Content”)) that are produced by a Barclays Equities Trading and/or
Distribution desk and not produced by the Barclays Research department are
provided to clients established in an EEA Restricted Content Jurisdiction by
Barclays Bank Ireland PLC (a bank authorised by the Central Bank of Ireland
whose registered office is at 1 Molesworth Street, Dublin 2, Ireland). For the
purposes of this notice, an EEA Restricted Content Jurisdiction shall mean any
jurisdiction in the EEA, excluding: Belgium, Denmark, France, Germany, Ireland,
Italy, Netherlands, Norway, Spain, Sweden (as may be updated from time to time).

For important regional disclosures you must read, click on the link relevant to
your region.  Please contact your Barclays representative if you are unable to
access.

EMEA Disclosures

APAC Disclosures - Investor Classification

APAC Disclosures - Hong Kong Securities & Futures Commission Code of Conduct on
Bookbuilding and Placing Activities

US Disclosures

This communication is confidential and is for the benefit and internal use of
the recipient for the purpose of considering the securities/transaction
described herein, and no part of it may be reproduced, distributed or
transmitted without the prior written permission of Barclays. Barclays offers
premier investment banking products and services to its clients through Barclays
Bank PLC, Barclays Bank Ireland PLC and certain other subsidiaries and
affiliates. The key details of each relevant Barclays entity are set out below
and will apply as relevant to your legal and/or regulatory relationship with
Barclays:

Communications from Barclays Bank PLC: Barclays Bank PLC is authorised by the
Prudential Regulation Authority and regulated by the Financial Conduct Authority
and the Prudential Regulation Authority and is a member of the London Stock
Exchange. Barclays Bank PLC is registered in England No. 1026167 with its
registered office at 1 Churchill Place, London E14 5HP.

Communications from Barclays Bank Ireland PLC: Barclays Bank Ireland PLC is
regulated by the Central Bank of Ireland. Registered in Ireland. Registered
Number: 396330. Registered Office: One Molesworth Street, Dublin 2, D02 RF29. A
list of names and personal details of every director of the company is available
for inspection to the public at the company’s registered office for a nominal
fee. Calls may be recorded for security and other purposes.

Communications from Barclays Capital Securities Limited: Barclays Capital
Securities Limited is authorised by the Prudential Regulation Authority and
regulated by the Financial Conduct Authority and the Prudential Regulation
Authority and is a member of the London Stock Exchange. Barclays Capital
Securities Limited is registered in England No. 1929333 with its registered
office at 1 Churchill Place, London E14 5HP.

 © Barclays 2024


Parsys 3
Parsys 4



SHARE THIS PAGE

 * 
 * 
 * 
 * 

Parsys 5
Parsys 6
iParsys for Double Pixel component



FOLLOW US

 * 
 * 
 * 

ABOUT US

 * Careers
 * Citizenship
 * Investor Relations
 * News
 * Sponsorship

OTHER CIB WEBSITES

 * Barclays Indices
 * Barclays Investment Managers
 * Barclays Japan
 * Barclays Live
 * BARX
 * EFS Solutions

OTHER BARCLAYS WEBSITES

 * Barclaycard
 * Barclays Group
 * Corporate Banking
 * Personal, Premier and Business Banking
 * Private Bank
 * Wealth Management

 * Important information
 * Privacy Notice
 * Disclosures
 * Accessibility
 * Cookies policy

© Barclays 2024




COOKIE PREFERENCES

Please review and manage your cookie settings below. For more information, or to
change your preferences at any time, please visit ourCookie Policy page.
Please select 'Save and close' to remember your preferences for future visits.


MANAGE CONSENT PREFERENCES

STRICTLY NECESSARY COOKIES

Off

These cookies are essential, as they enable you to move around the website and
use its features, such as accessing secure areas. Without these cookies, the
services that you have asked for cannot be provided.

PERFORMANCE COOKIES

Performance Cookies

Data collected by these cookies tells us how you use our website, which we can
use to improve how it works and can also help us to identify issues you may have
while exploring the site. All data collected by these cookies is anonymous and
is only used to improve how the website works.

FUNCTIONALITY COOKIES

Functionality cookies

These cookies allow a website to remember choices a user makes (such as user
name, website credentials, or download preferences) and tailor the website to
provide enhanced features and content to the user.

TARGETING COOKIES

Targeting Cookies

These cookies collect data to tailor our marketing and advertising to your
interests and may be set through our site by our advertising partners. They
remember that you have visited a website and this information is shared with
third-party marketing partners. Users can opt out of sharing their data with
third parties by turning off these cookies. If you decide not to allow these
cookies, you will experience less targeted advertising.

Back Button


COOKIE LIST



Search Icon
Filter Icon

Clear
checkbox label label
Apply Cancel
Consent Leg.Interest
checkbox label label
checkbox label label
checkbox label label

Save and Close