Every 424B that iPath Select MLP ETN (ATMP) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow ATMP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ATMP filings page.
Barclays Bank PLC filed a preliminary pricing supplement for Buffered Autocallable Contingent Coupon Notes due November 19, 2027, linked to the least performing of the Russell 2000 Index, the Nasdaq-100 Index and the SPDR S&P 500 ETF.
The notes pay a $7.708 contingent coupon per $1,000 (0.7708% per period, 9.25% per annum) only if each reference asset closes at or above its 80% coupon barrier on specified observation dates. They are automatically callable beginning November 2026 if each asset is at or above 100% of its initial value. At maturity, if not called, principal is protected only above the 80% buffer; below that, losses match the decline beyond the 20% buffer, up to an 80% maximum loss.
Initial issue price is $1,000 per note; agent commission is up to $4 per $1,000, with proceeds of 99.60% to the issuer. The issuer’s estimated value is expected between $933.70 and $983.70 per note. Payments are subject to Barclays’ credit and the U.K. Bail-in Power. The notes will not be listed.
Barclays Bank PLC filed a preliminary pricing supplement for Buffered Autocallable Notes due May 19, 2027 linked to the least performing of the Russell 2000 Index and the Nasdaq-100 Index. The notes are issued in $1,000 denominations and may automatically redeem on scheduled dates if each index closes at or above its initial level.
The notes offer a Periodic Call Premium of $171.50 per $1,000 (17.15% per annum), with call checks on May 13, 2026, November 13, 2026, and at final valuation on May 14, 2027. They include a 20.00% buffer; below that, principal losses increase at a 1.25x downside leverage. Initial values were RTY 2,382.984 and NDX 24,993.46, with buffer values of 1,906.39 and 19,994.77, respectively. The price to public is 100.00% with an agent’s commission of 0.15%, and Barclays’ estimated value is expected between $942.00 and $992.00 per $1,000. The notes are unsecured, not exchange-listed, and investors consent to potential U.K. Bail-in Power.
Barclays Bank PLC filed a preliminary pricing supplement for Buffered Callable Contingent Coupon Notes due August 19, 2026 linked to the least performing of the S&P 500, Russell 2000, and Nasdaq‑100.
The notes offer an 11.50% per annum contingent coupon (paid as $9.583 per $1,000 monthly) only if each index is at or above its Coupon Barrier of 82.50% of its Initial Value on the relevant Observation Date. Principal is protected only down to a 17.50% buffer; below that, losses increase at a 1.212121× rate to as much as a full loss at maturity. Barclays may redeem the notes in whole on specified monthly Call Valuation Dates at $1,000 plus any due coupon.
Initial issue price is $1,000 per note; the issuer’s estimated value on the Initial Valuation Date is expected between $940.90 and $990.90. The notes are unsecured, unsubordinated, will not be listed, and are subject to the U.K. Bail‑in Power. Initial index levels include SPX 6,737.49, RTY 2,382.984, and NDX 24,993.46.
Barclays Bank PLC filed a preliminary pricing supplement for Global Medium‑Term Notes linked to the iShares Silver Trust (SLV). The Notes offer a Maximum Return of 29.95% at maturity on a $1,000 denomination and pay no coupons. If SLV’s Final Value is at or above the Initial Value, holders receive $1,000 plus the lesser of the Reference Asset Return or 29.95%; if below, holders receive $1,000 per Note.
Key terms include: Initial Value of $47.42 (SLV closing value on November 13, 2025), Initial Valuation Date November 14, 2025, Issue Date November 19, 2025, Final Valuation Date November 14, 2028, and Maturity Date November 17, 2028. Price to public is 100%, the agent’s commission is 2.50% (up to $25 per $1,000), and proceeds to Barclays are 97.50% per Note. Barclays’ estimated value is expected between $903.20 and $963.20 per Note on the Initial Valuation Date. The Notes will not be listed and are subject to U.K. Bail‑in Power.
Barclays Bank PLC is offering unsecured, unsubordinated notes linked to the SPDR S&P 500 ETF Trust (SPY). The notes provide a fixed Digital Return of 9.32% if the Final Underlier Value is at or above the Buffer Value.
If the buffer is met, investors receive $10,932 per $10,000 note at maturity. If the Final Underlier Value is below the Buffer Value of $620.70 (which is 92.00% of the Initial Underlier Value of $674.6695), investors receive physical delivery of 16.11084 SPY shares per $10,000 note (fractional shares in cash). The Final Valuation Date is November 30, 2026 and the Maturity Date is December 3, 2026.
The price to public is 100% of principal, the agent’s commission is 1%, and proceeds to Barclays are 99% per note. The notes will not be listed on a U.S. exchange and are subject to U.K. Bail‑in Power, meaning principal and terms could be altered by a U.K. resolution authority.
Barclays Bank PLC filed a preliminary 424B2 for unsecured, unsubordinated structured notes linked to CAT, GOOGL and V. The notes offer a Contingent Coupon of $25.00 per $1,000 each quarter (10.00% per annum) if on an Observation Date the Closing Value of each underlier is at or above its Coupon Barrier (65% of initial). Beginning with the second Observation Date, the notes are subject to automatic redemption if each underlier is at or above its Initial Underlier Value, paying $1,000 plus due coupons.
If not redeemed, at maturity investors receive: (i) $1,000 plus due coupons if the Least Performing underlier is at or above its Barrier (60% of initial); (ii) $1,000 if the Least Performing is below its Barrier but the Best Performing is at or above its initial; or (iii) $1,000 plus $1,000 times the Least Performing underlier return, which can result in substantial loss. Denomination is $1,000; price to public 100%, agent’s commission 2.10%, proceeds to issuer 97.90%. The notes are not listed and are subject to U.K. Bail-in Power.
Barclays Bank PLC is offering US$75,000,000 of floating rate notes linked to Compounded SOFR, maturing on December 14, 2026. The notes are issued at 100% of principal, pay quarterly interest at Compounded SOFR + 0.41% per annum, subject to a 0.50% minimum and a 4.50% maximum, and return 100% of principal at maturity, subject to the issuer’s credit and any exercise of U.K. Bail‑in Power.
Total proceeds to Barclays are $74,943,750 after a $56,250 agent’s commission (0.075%). Denominations are $1,000 and multiples thereof. Interest is payable on the 14th of February, May, August and November, starting February 14, 2026, using a 30/360 day count and “following, unadjusted” business day convention. The notes settle DTC in book‑entry form and will not be listed on a U.S. exchange.
Key risks highlighted include issuer credit risk, the potential impact of U.K. Bail‑in Power, SOFR benchmark volatility and methodology changes, and limited secondary market liquidity.
Barclays Bank PLC is offering unsecured, unsubordinated index-linked notes that pay a contingent coupon of $30 per $1,000 each quarter (12.00% per annum) if, during the Observation Period, none of the three underliers—the Nasdaq‑100 (NDX), Russell 2000 (RTY) and S&P 500 (SPX)—closes below its Coupon Barrier Value (70% of the Initial Underlier Value) on any scheduled trading day.
The notes may be called at the issuer’s discretion on any coupon date after approximately three months. If not redeemed early, at maturity on November 12, 2027 investors receive par plus any due coupon only if the Least Performing Underlier is at or above its Barrier Value (60% of its initial). Otherwise, repayment is reduced one-for-one with the underlier’s decline, down to zero. Initial Valuation is based on November 7, 2025 closings; Issue Date is November 14, 2025; Final Valuation Date is November 8, 2027.
Total offering is $795,000; agent’s commission is 0.20%, with proceeds to Barclays of $793,410. The notes will not be listed and are subject to U.K. Bail‑in Power. Payments depend on Barclays’ credit.
Barclays Bank PLC priced a $3,000,000 offering of Airbag Autocallable Yield Notes linked to the least performing of AMD, ARM (ADS), and AVGO, due May 14, 2026. The notes pay a fixed 24.60% per annum coupon ($20.50 per $1,000 monthly) until called or maturity.
The notes auto‑call if on any monthly observation date each underlying closes at or above its Initial Underlying Price (AMD $233.54; ARM $152.38; AVGO $349.43, all set on Nov 7, 2025). If not called and each final price is at or above its Conversion Price (75% of initial: AMD $175.16; ARM $114.29; AVGO $262.07), investors receive principal plus the final coupon. Otherwise, investors receive the final coupon and a Share Delivery Amount of the least performing underlying (AMD 5.7091; ARM 8.7497; AVGO 3.8158 shares per note), which may be worth less than principal.
Per note pricing: $1,000 issue price, $5.00 underwriting discount, and $995.00 proceeds to Barclays; total proceeds $2,985,000. Barclays’ estimated value is $991.00 per note on the trade date. Payments are subject to Barclays’ credit and consent to U.K. Bail-in Power. The notes will not be listed on an exchange.
Barclays Bank PLC is offering $5,451,000 of Digital S&P 500 Index-Linked Global Medium‑Term Notes, Series A, due December 15, 2026, under a Rule 424(b)(2) pricing supplement. The notes are unsecured, unsubordinated obligations that do not bear interest and will not be listed. After a 1.08% agent’s commission, expected proceeds to Barclays are $5,392,129.20.
Repayment at maturity depends on the S&P 500 Index performance from the November 11, 2025 trade date to the December 11, 2026 determination date. With an initial level of 6,846.61, if the final level is at least 90.00% of that level, holders receive the capped amount of $1,089.30 per $1,000 face amount. Below the 90% threshold, returns turn negative, and investors could lose their entire investment. Key terms include a cap level of 108.93%, a threshold amount of 10.00%, and a buffer rate of approximately 111.11%. Payments are subject to Barclays’ credit and the potential exercise of any U.K. Bail‑in Power.
Barclays Bank PLC plans to offer Capped Leveraged Buffered S&P 500 Index‑Linked Global Medium‑Term Notes, Series A. Each note has a $1,000 face amount, pays no interest, and returns depend on S&P 500 performance from trade date to the determination date.
The notes provide 160.00% upside participation, capped at a maximum settlement amount expected between $1,147.20 and $1,173.12 per $1,000. A 10.00% buffer protects principal down to 90% of the initial index level; below that, losses accelerate by about 1.1111% for each 1% decline past the buffer. Maturity is expected the second business day after a determination date set 15–17 months after the trade date.
The notes are unsecured, unsubordinated obligations of Barclays, subject to the credit of the issuer and consent to potential U.K. Bail‑in Power. They will not be listed. The price to public is 100% of face amount, agent’s commission 0.00%, and proceeds to Barclays 100.00% of face amount. Barclays expects the estimated value on the trade date to be less than the initial issue price, and secondary market prices may be lower.
Barclays Bank PLC is offering $3,000,000 Trigger Autocallable Contingent Yield Notes linked to the lesser performing of Microsoft (MSFT) and Oracle (ORCL), due December 16, 2026. The notes pay a 20.30% per annum contingent monthly coupon only if each stock closes on or above its Coupon Barrier on the Observation Date; missed coupons can be paid later via the memory feature.
The notes auto-call if, on any monthly Observation Date, each stock is at or above its Initial Underlying Price ($506.00 for MSFT; $240.83 for ORCL). Barriers and Downside Thresholds are 65.00% of initial: $328.90 for MSFT and $156.54 for ORCL. If not called and either final price is below its threshold, investors receive shares of the lesser performer at a fixed Share Delivery Amount (1.9763 MSFT or 4.1523 ORCL per note), which may be worth significantly less than principal.
Key dates: Strike Date November 10, 2025; monthly observations; Final Valuation Date December 11, 2026. Initial issue price is $1,000 per note; underwriting discount $12.50 per note; proceeds to issuer $2,962,500. Estimated value on the trade date is $980.20 per note. Payments are subject to Barclays’ credit and consent to U.K. Bail-in Power. The notes will not be listed on any exchange.
Barclays Bank PLC priced $4,088,000 of Digital MSCI EAFE Index‑Linked Global Medium‑Term Notes, Series A, due November 15, 2027. The notes pay no interest and are unsecured obligations.
At maturity, each $1,000 note pays $1,143 if the MSCI EAFE Index’s final level is at least 87.50% of the initial level of 2,832.61. If the index finishes below 87.50%, repayment falls proportionally below par and can result in a total loss. The notes are not listed, and payments depend on Barclays’ credit and the potential exercise of any U.K. Bail‑in Power.
Pricing terms show a price to the public of 100% of face amount, 0.00% agent’s commission, and 100% proceeds to Barclays. The issuer states its estimated value on the trade date is less than the initial issue price, and any secondary market price may be lower. Tax counsel indicates a treatment as prepaid forward contracts, subject to IRS uncertainty.
Barclays Bank PLC priced $10,798,000 of Digital S&P 500 Index‑Linked Global Medium‑Term Notes, Series A, due February 10, 2027. The notes pay no interest and the cash repayment depends on S&P 500 performance from the trade date of November 10, 2025 to the determination date of February 8, 2027.
If the final index level is greater than or equal to 90.00% of the initial level of 6,832.43, holders receive the maximum settlement amount of $1,116.50 per $1,000 face amount. If the final level is below 90.00%, the return is negative and may result in a full loss of principal. Key terms include a cap level of 111.65% of the initial level and a buffer rate of approximately 111.11%.
The notes are unsecured and unsubordinated obligations of Barclays Bank PLC and are subject to the U.K. Bail‑in Power. They will not be listed. Pricing: price to public 100%, agent’s commission 0.00%, proceeds to issuer 100%.
Barclays Bank PLC filed a 424B2 for Contingent Income Auto‑Callable Securities linked to Tesla, Inc. common stock. These unsecured notes target a contingent quarterly payment of at least 3.5375% of $1,000 (at least $35.375) if, on a determination date, TSLA’s closing price is at or above 50% of the initial value (the downside threshold). If TSLA closes at or above the initial value on any non‑final determination date, the notes are automatically redeemed for $1,000 plus the due contingent payment(s).
If not called, at maturity on November 27, 2026 you receive $1,000 plus due contingent payment(s) if TSLA’s final value is at or above the downside threshold. Otherwise, repayment is $1,000 × (final/initial), exposing investors to losses greater than 50% and potentially total loss. Key dates include pricing on November 21, 2025, issue on November 26, 2025, and determination dates on Feb 23, May 21, Aug 21, Nov 23, 2026. Per‑security economics list a $1,000 price, $12.50 agent commission, $5.00 structuring, and $982.50 proceeds to issuer. The notes are not exchange‑listed and are subject to U.K. Bail‑in Power.
Barclays Bank PLC outlined preliminary terms for unsecured, unsubordinated structured notes linked to Disney (DIS), NIKE (NKE) and Tesla (TSLA). The notes offer a Contingent Coupon of $26.875 per $1,000 each quarter (10.75% per annum) for any Observation Date on which the Closing Value of each underlier is at or above its Coupon Barrier Value (set at 50% of the Initial Underlier Value).
The notes may be automatically redeemed (after an initial ~three‑month period) on any Observation Date other than the final if each underlier is at or above its Initial Underlier Value, paying $1,000 plus the coupon. Key dates: Initial Valuation Date November 13, 2025; Issue Date November 18, 2025; Final Valuation Date November 13, 2026; Maturity Date November 18, 2026. Denominations are $1,000, with an agent commission of 0.25% (issuer proceeds 99.75%).
If not redeemed early, maturity payments depend on outcomes: full principal plus coupon if the Least Performing underlier is at or above its 50% barrier; $1,000 if the Best Performing underlier is at or above its Initial Value even if the least is below its barrier; otherwise, repayment is $1,000 plus $1,000 times the return of the least performer, which can result in significant loss up to all principal. The notes will not be listed and are subject to the U.K. Bail‑in Power.
Barclays Bank PLC is offering SPX-linked unsecured notes that pay no interest and return a variable amount at maturity. The notes provide 1.25x leveraged upside on S&P 500 gains, capped by a Maximum Upside Return of 16.05% (maximum payment $1,160.50 per $1,000). If the index is flat to down but stays above the 10% buffer, holders receive a +1% return for each 1% decline, up to 10%. Below the buffer, repayment reflects losses beyond 10%, with up to 90% loss of principal.
Key dates: Initial Valuation Nov 25, 2025; Issue Dec 1, 2025; Final Valuation May 25, 2027; Maturity May 28, 2027. Denominations are $1,000. Pricing: Price to public 100%, agent’s commission 0.60%, proceeds to issuer 99.40%. The notes will not be listed and are subject to the credit of Barclays and the U.K. Bail-in Power.
Barclays Bank PLC filed a preliminary pricing supplement for unsecured, unsubordinated Contingent Coupon Auto-Callable Notes linked to the Barclays US Tech Accelerator 6% Decrement USD ER Index (BXIIUT4E). The notes offer a $16.667 monthly coupon per $1,000 (20.00% per annum) only when the Index’s Closing Value is at or above the Coupon Barrier (70% of initial).
Beginning with the sixth Observation Date, the notes are automatically redeemed if the Index is at or above its initial value, paying $1,000 plus the coupon. If held to maturity and the Final Value is at or above the Barrier (50% of initial), you receive $1,000 plus any due coupon; otherwise, repayment equals $1,000 + ($1,000 × Underlier Return), exposing investors to significant loss, up to total loss of principal.
Denomination is $1,000; price to public 100%, agent’s commission 0.90%, and proceeds to issuer 99.10%. The underlier applies a 6% per annum decrement (daily) and variable exposure of 100%–400% to a Nasdaq‑100 futures excess‑return index. The notes are not listed and are subject to U.K. Bail‑in Power.
Barclays Bank PLC filed a preliminary Rule 424(b)(2) pricing supplement for Trigger Autocallable Contingent Yield Notes linked to Valero Energy Corporation common stock. The notes pay a quarterly Contingent Coupon only if Valero’s closing price on the observation date is at or above the Coupon Barrier.
The notes are automatically called if Valero’s price on any quarterly observation date is at or above the Initial Underlying Price, returning principal plus that quarter’s coupon. If not called, at maturity investors receive principal plus the coupon if the Final Underlying Price is at or above the Downside Threshold (equal to the Coupon Barrier). Otherwise, investors receive shares equal to the Share Delivery Amount, which can be worth substantially less than principal.
Key terms: Contingent Coupon Rate of at least 11.00% per annum; Coupon Barrier and Downside Threshold at 70.00% of the Initial Underlying Price; minimum denomination $1,000. Economics per Note: initial issue price $1,000, underwriting discount $15, proceeds to issuer $985; estimated value on trade date between $923.90 and $973.90. Key dates: Trade Nov 13, 2025; Final Valuation Nov 13, 2026; Maturity Nov 18, 2026. Payments are subject to Barclays’ credit and consent to U.K. Bail-in Power.
Barclays Bank PLC filed a preliminary pricing supplement for unsecured, unsubordinated structured Notes linked to the Barclays US Tech Accelerator 6% Decrement USD ER Index (BXIIUT4E). The Notes pay a Contingent Coupon of $11.25 per $1,000 (13.50% per annum, 1.125% monthly) only on Observation Dates when the Index closes at or above the Coupon Barrier Value, set at 50% of the Initial Underlier Value.
Beginning with the twelfth Observation Date, the Notes are subject to automatic redemption if the Index is at or above the Initial Underlier Value, returning $1,000 plus the Contingent Coupon. If held to maturity and not redeemed, payment is: (i) $1,000 plus the Contingent Coupon if the Final Underlier Value is at or above the Barrier Value (50% of initial), or (ii) $1,000 + ($1,000 × Underlier Return) if below the Barrier Value, which can result in a significant or total loss of principal.
The Index applies a 6% per annum decrement deducted daily and a variable exposure (100%–400%) to a Nasdaq‑100 futures excess‑return index, which can magnify losses. The Notes are subject to U.K. Bail‑in Power, will not be listed, and pricing includes an agent’s commission of 1.25%.
Barclays Bank PLC filed a preliminary pricing supplement for Callable Contingent Coupon Notes due November 23, 2029 linked to the least performing of AMZN, META and AAPL. The notes pay a contingent coupon at 17.00% per annum (monthly accrual of $14.167 per $1,000) only if, on each observation date, the closing value of each stock is at or above its 70.00% coupon barrier.
The issuer may redeem the notes, in whole, on specified call dates starting after roughly three months; if called, holders receive $1,000 plus any due coupon. At maturity, if not redeemed, holders receive $1,000 if the least performer is at or above its 50.00% barrier; otherwise, principal is reduced one-for-one with the least performer’s decline, up to a total loss. Initial issue price is $1,000, price to public 100.00%, agent commission 0.75%, and proceeds to issuer 99.25%. The issuer’s estimated value is expected between $903.80 and $973.80 per note. The notes are unsecured obligations subject to U.K. Bail-in Power and will not be listed.
Barclays Bank PLC plans to offer Digital S&P 500 Index‑Linked Global Medium‑Term Notes, Series A, under a Rule 424(b)(2) pricing supplement. The notes pay no interest and are expected to mature 15–17 months after the trade date.
If the S&P 500 final level is at least 90.00% of the initial level, holders receive the maximum settlement amount, expected to equal the threshold settlement amount of $1,106.90–$1,125.70 per $1,000 face amount. If the final level is below 90.00%, the return is negative; losses increase by approximately 1.1111% for each 1% below the threshold, and investors could lose their entire investment.
The notes are unsecured and unsubordinated obligations of Barclays Bank PLC, subject to the risk of exercise of any U.K. Bail‑in Power. They will not be listed, and liquidity is not assured. Initial pricing shows Price to public: 100%, Agent’s commission: 0.00%, and Proceeds to issuer: 100% of face amount. Barclays expects the notes’ estimated value on the trade date to be less than the initial issue price, and secondary market prices may be lower. For U.S. tax purposes, counsel indicates a reasonable treatment as prepaid forward contracts, though IRS outcomes could differ.
Barclays Bank PLC is offering unsecured, unsubordinated contingent income notes linked to three stocks: Dollar Tree (DLTR), Zillow Class C (Z), and Zoom Class A (ZM). The notes pay a Contingent Coupon of $23 per $1,000 (9.20% per annum) on each Observation Date only if the Closing Value of each underlier is at or above its Coupon Barrier (set at 50.00% of its Initial Underlier Value). The notes are subject to automatic redemption on an Observation Date (other than the Final Valuation Date) if each underlier is at or above its Initial Underlier Value, returning $1,000 plus that period’s coupon.
Principal is at risk. If not called, at maturity you receive $1,000 plus the coupon only if the Least Performing Underlier is at or above its Barrier (50% of initial). If the Least Performing Underlier is below its Barrier and the Best Performing Underlier is below its Initial Value, repayment is reduced 1-for-1 with the Least Performer’s decline, up to total loss. Key terms: minimum denomination $1,000; Issue Date November 13, 2025; Maturity Date November 13, 2026; Observation Dates in February, May, August 2026 and the Final Valuation Date. Initial values: DLTR $104.92; Z $73.03; ZM $83.57; barriers and coupon barriers at 50% of those levels. The offering size is $250,000; price to public 100%; agent commission 0.25%; proceeds to issuer 99.75%. The notes are not listed and are subject to the U.K. Bail-in Power.
Barclays Bank PLC priced unsecured notes linked to the SPDR Gold Trust (GLD). The notes cap upside at a Maximum Return of 13.70% (maximum payment $1,137 per $1,000) and provide partial downside protection to $950 per $1,000 if the Underlier Return is below -5.00%.
Payment at maturity equals $1,000 plus the Underlier Return, subject to the 13.70% cap; losses match the Underlier’s decline 1:1 down to -5.00%, then the Minimum Payment at Maturity of $950 applies. The Initial Underlier Value is $368.31. Key dates: Final Valuation Date November 23, 2026; Maturity Date November 27, 2026.
Total issuance is $2,002,000 at $1,000 per note; agent’s commission 1% and proceeds to Barclays 99%. The notes will not be listed and are subject to Barclays’ credit and the potential exercise of U.K. Bail-in Power. For tax, Barclays intends to treat them as contingent payment debt instruments with a comparable yield of 4.19% and a projected maturity amount of $1,044.02 per $1,000.
Barclays Bank PLC filed a 424B2 pricing supplement for unsecured structured notes linked to Alphabet (GOOGL), Meta (META) and Microsoft (MSFT), totaling $2,853,000 at a price to public of 100%.
The notes pay a Contingent Coupon of $26 per $1,000 each quarter (10.40% per annum) only if, on an Observation Date, the Closing Value of each underlier is at or above its Coupon Barrier Value (set at 60% of its Initial Underlier Value). Initial values: GOOGL $278.83; META $621.71; MSFT $496.82. Coupon and principal are at risk; missed coupons accrue and may be paid later if conditions are met.
Auto‑call may occur from the second Observation Date onward if each underlier is at or above its Initial Underlier Value, returning $1,000 plus the applicable coupon and any unpaid coupons. At maturity, outcomes depend on the Least Performing Underlier: if it is at or above its Barrier Value (60% of initial), principal is repaid; if it is below and the Best Performing Underlier is also below initial, repayment equals $1,000 plus $1,000 × the Least Performer’s return, which can mean significant loss. Denominations are $1,000; the notes are not exchange‑listed. Proceeds to Barclays are 97.90% (agent commission 2.10%). Holders consent to the U.K. Bail‑in Power.
Barclays Bank PLC filed a preliminary 424B2 to offer unsecured, unsubordinated notes linked to the S&P 500 Index. The Notes pay no interest and return depends on index performance at maturity, subject to set terms and the issuer’s credit and U.K. Bail-in Power.
Upside is leveraged 1.25x and capped at a 17.20% Maximum Upside Return (maximum payment of $1,172 per $1,000). If the index declines but stays within the 10.00% Buffer, holders receive a positive return equal to the absolute decline, up to 10%. If the index falls beyond the Buffer, repayment is reduced dollar-for-dollar with losses beyond 10%, and investors may lose up to 90% of principal.
Key dates: Initial Valuation Nov 25, 2025; Issue Dec 1, 2025; Final Valuation Nov 26, 2027; Maturity Dec 1, 2027. Denomination is $1,000. Pricing shows 100% price to public, a 2.60% selling commission, and 97.40% proceeds to Barclays. The Notes will not be listed on any U.S. exchange. Payments at maturity, including any principal, depend on Barclays’ credit and are subject to consent to the U.K. Bail-in Power.
Barclays Bank PLC is offering $1,190,000 of Global Medium‑Term Notes, Series A: callable contingent coupon notes due November 14, 2030, linked to the least performing of the Russell 2000, Nasdaq‑100, and EURO STOXX 50. The notes pay a $7.00 monthly contingent coupon per $1,000 (0.70% per month; 8.40% per annum) only if on each Observation Date all three indices are at or above their 60% coupon barriers. Initial values were set on November 10, 2025; the final valuation date is November 11, 2030.
Barclays may redeem the notes in whole, at its option, on designated call dates beginning roughly six months after issuance, at $1,000 plus any due coupon. If held to maturity and the least performing index finishes at or above its 60% barrier, principal is repaid at $1,000; otherwise, repayment is $1,000 + $1,000 × index return, exposing investors to full downside and up to 100% loss. The offering is unsecured, unsubordinated, not listed, and subject to the U.K. Bail‑in Power. Pricing: price to public 100.00%, agent’s commission 0.80%, proceeds to issuer 99.20% (total proceeds $1,180,480). Barclays’ estimated value on the valuation date is $977.80 per note.
Barclays Bank PLC priced and is offering $7,832,000 of Buffered Supertrack Notes due November 12, 2027, linked to the least performing of the S&P 500 Index and the Dow Jones Industrial Average. The notes have a 30.00% buffer and a maximum return of 27.00%. If the least performing index finishes at or above its initial level, repayment equals $1,000 plus upside capped at $1,270 per $1,000 note; between the initial level and the buffer, investors receive $1,000; below the buffer, principal is reduced 1% for each 1% drop beyond -30%, up to a 70% loss.
The initial issue price is $1,000 per note, with a 0.15% selling commission; proceeds to Barclays are 99.85% ($7,820,252). Barclays’ estimated value on the initial valuation date is $993.50 per note. Key dates include: initial valuation on November 7, 2025, issue on November 13, 2025, final valuation on November 8, 2027, and maturity on November 12, 2027. The notes are unsecured, unsubordinated obligations, will not be listed on an exchange, and are subject to the consented U.K. Bail-in Power.
Barclays Bank PLC priced $6,512,000 of Callable Contingent Coupon Notes due October 10, 2030, linked to the least performing of the S&P 500 Index, Russell 2000 Index and Nasdaq‑100 Index. Each $1,000 note was offered at 100.00%, with a 0.85% agent’s commission and 99.15% proceeds to the issuer; totals were $6,512,000, $54,367 and $6,457,633, respectively.
The notes pay a $8.50 contingent coupon per $1,000 (10.20% per annum) on scheduled dates only if each index closes at or above its 75.00% Coupon Barrier. Principal is protected only if, at maturity, the least performing index is at or above its 60.00% Barrier; otherwise repayment falls dollar‑for‑dollar with the index decline, up to a complete loss. Barclays may redeem the notes (in whole) on specified call dates after roughly three months at $1,000 plus any due coupon.
Initial values: SPX 6,728.80; RTY 2,432.824; NDX 25,059.81, setting Coupon Barriers and Barriers at 75.00% and 60.00% of those levels. The issuer’s estimated value is $979.50 per note. The notes are unsecured, unsubordinated obligations, not listed on any exchange, and are subject to U.K. Bail‑in Power.
Barclays Bank PLC priced $1,661,000 AutoCallable Notes due November 13, 2030, linked to the least performing of the Dow Jones Industrial Average, Russell 2000 Index and Nasdaq-100 Index.
The notes can be automatically called on scheduled dates if each index closes at or above its Call Value (100% of Initial Value). The Call Premium accrues at $100 per $1,000 per year (10.00% per annum), paid only upon an Automatic Call. If held to maturity and not called: repayment of $1,000 occurs if the least performing index finishes at or above its Barrier (70% of Initial Value); below the Barrier, principal is reduced one-for-one with the index decline.
Initial issue price is $1,000 per note; agent’s commission is 4.225%, yielding proceeds to Barclays of 95.775% (total $1,590,822.75). The issuer’s estimated value is $928.80 per $1,000. The notes are unsecured, unsubordinated obligations, unlisted, and subject to consent to any U.K. Bail‑in Power.
Barclays Bank PLC priced $13,269,000 Global Medium‑Term Notes, Series A, due May 12, 2027, linked to the least performing of the S&P 500 Index and the Dow Jones Industrial Average.
The notes pay no coupons and return principal at maturity. If the least performing index finishes at or above its initial level, holders receive $1,000 plus the lesser of the index return or the Maximum Return of 11.25% (i.e., up to $1,112.50 per $1,000). If it finishes below its initial level, the payment is $1,000 per $1,000 note.
Price to public is 100% of face; the agent’s commission is 0.15% ($19,903.50 total), and proceeds to the issuer are 99.85% ($13,249,096.50). The issuer’s estimated value is $996.30 per $1,000 note. The notes are unsecured, unsubordinated obligations, subject to U.K. Bail‑in Power, and will not be listed. Denominations are $1,000 and integral multiples. Initial index values were SPX 6,728.80 and INDU 46,987.10.
Barclays Bank PLC launched a preliminary pricing supplement for Phoenix AutoCallable Notes due November 17, 2028, linked to the least performing of the Dow Jones Industrial Average, Russell 2000, and Nasdaq‑100.
The Notes pay a contingent coupon of $6.458 per $1,000 (7.75% per annum) on specified dates only if each index is at or above its Coupon Barrier of 75% of Initial Value. They are subject to Automatic Call beginning after roughly one year if each index is at or above 100% of its Initial Value on a Call Valuation Date, returning $1,000 plus any due coupon. If not called, at maturity investors receive $1,000 if the Least Performing index is at or above its Barrier of 70%; otherwise the payoff falls one-for-one with that index’s decline, up to a complete loss.
The Issue Date is November 19, 2025, with Initial Valuation Date on November 14, 2025. The initial issue price is $1,000 per Note; the agent’s commission is 3.00%, and proceeds to the issuer are 97.00% per Note. Barclays’ estimated value on the Initial Valuation Date is expected between $878.60 and $938.60 per Note. Payments are subject to Barclays’ credit and the potential exercise of any U.K. Bail‑in Power. The Notes will not be listed.
Barclays Bank PLC is offering $2,000,000 of Buffered Callable Contingent Coupon Notes due November 12, 2027, linked to the least performing of Uber (UBER), Waste Management (WM), and Dell (DELL). The notes pay a $67.50 contingent coupon per $1,000 each period (27.00% per annum) only if, on the relevant observation date, each stock is at or above its coupon barrier (75% of its initial value: UBER $69.09; WM $149.72; DELL $111.89).
Barclays may redeem the notes, in whole, at its discretion on scheduled call dates beginning roughly six months after issuance, paying $1,000 per note plus any due coupon. If not redeemed, principal is protected only to a 25% buffer; below that, repayment is reduced by 1.333333% for every 1% the least performing stock falls past −25%, down to zero. Initial issue price is $1,000 per note; Barclays’ estimated value is $974.20. The notes are unsecured obligations, will not be listed, and are subject to potential U.K. Bail-in Power.
Barclays Bank PLC is offering unsecured, unsubordinated notes linked to the S&P 500 Index with a fixed digital return feature and downside buffer. For each $1,000 note, if the Final Underlier Value is at or above the Buffer Value of 5,719.48 (85.00% of the Initial Underlier Value of 6,728.80), holders receive $1,072.10 at maturity, reflecting a 7.21% Digital Return, regardless of further index gains. If the Final Underlier Value falls below the Buffer Value, repayment declines on a leveraged basis using a Downside Leverage Factor of 1.17647, causing loss of some or all principal.
The offering totals $7,418,000 (per-note issue price $1,000), with a 1% agent’s commission and 99% proceeds to Barclays ($7,343,820). The Final Valuation Date is November 23, 2026, and maturity is November 27, 2026. The notes will not be listed. Payments depend on Barclays’ credit and are subject to potential exercise of U.K. Bail-in Power. For U.S. tax purposes, counsel views the notes as prepaid forward contracts; Section 871(m) is not expected to apply based on current guidance.
Barclays Bank PLC filed a 424B2 pricing supplement for autocallable notes linked to Snowflake Inc. (SNOW) Class A common stock. The notes may be automatically called if the Underlier’s Closing Price on any Observation Date (other than the Final Observation Date) is greater than or equal to the Initial Underlier Value. If called, holders receive the $1,000 principal per note plus the applicable Contingent Coupon and any Unpaid Contingent Coupons.
The Contingent Coupon is $41.50 per $1,000 principal amount if, on an Observation Date, the Underlier is at or above the Coupon Barrier. The Coupon Barrier and Trigger Value are $144.57, each equal to 55.00% of the Initial Underlier Value. The Initial Underlier Value is $262.86. If the notes are not called and the Final Underlier Value is at or above the Trigger Value, investors receive $1,000 per note plus the Contingent Coupon and any Unpaid Contingent Coupons. If the Final Underlier Value is below the Trigger Value, repayment equals $1,000 × (1 + Underlier Return), resulting in a 1% principal loss for every 1% decline from the Initial Underlier Value.
Observation Dates are February 23, 2026; May 26, 2026; August 24, 2026; and November 23, 2026. The Maturity Date is November 27, 2026. The notes are unsecured and unsubordinated obligations, not listed on any U.S. exchange, and are subject to the U.K. Bail‑in Power. The total offering is $6,170,000, with a 1% agent’s commission and 99% proceeds to Barclays ($6,108,300).
Barclays Bank PLC is offering Phoenix AutoCallable Notes due November 19, 2027, linked to the least performing of Bank of America (BAC), Citigroup (C), and JPMorgan Chase (JPM). The notes pay a $25 contingent coupon per $1,000 each period (10% per annum) only if, on an Observation Date, the closing value of each stock is at or above its Coupon Barrier set at 60.00% of Initial Value. The notes are automatically called if, on a Call Valuation Date, each stock is at or above 100.00% of Initial Value.
At maturity, if not called: if the least performing stock is at or above its Barrier (60.00% of Initial), repayment is $1,000 per note; otherwise, repayment tracks the stock’s decline, and Barclays may deliver shares under a physical settlement option. Principal is at risk up to 100%.
Denomination is $1,000. Price to public: 100.00%; agent commission: 2.00%; proceeds to issuer: 98.00%. Estimated value on the Initial Valuation Date is expected between $909.90 and $959.90 per note. The notes will not be listed. All payments are subject to Barclays’ credit and consent to the U.K. Bail‑in Power.
Barclays Bank PLC priced a primary offering of $17,687,000 Contingent Income Auto‑Callable Securities linked to NIKE, Inc. Class B common stock. The notes pay a contingent quarterly coupon of $27.25 per $1,000 (2.725%) if the closing price of NKE is at or above the downside threshold of $39.71 (65% of the $61.09 initial value) on the relevant determination date. If NKE is at or above the initial value on any determination date before maturity, the notes are automatically redeemed for $1,000 plus the applicable contingent payment and any unpaid contingent payments.
If not redeemed early and the final underlier value is below the downside threshold, investors receive $1,000 multiplied by the underlier performance factor, resulting in losses proportional to NKE’s decline; the repayment can be less than 65% of principal and could be zero. The securities are unsecured, unsubordinated obligations of Barclays and are subject to U.K. Bail‑in Power.
The price to public is $1,000 per note; agent’s commissions total $309,522.50, and proceeds to issuer are $17,377,477.50. The notes will not be listed. Determination dates are February 9, 2026, May 7, 2026, August 7, 2026, and November 9, 2026, with maturity on November 13, 2026.
Barclays Bank PLC priced S&P 500-linked Digital Buffered Notes under a 424B2, totaling $7,110,000 at $1,000 per note. The notes offer a fixed Digital Return of 8.55% if the Final Underlier Value is at or above the Buffer Value. Key terms: Buffer Percentage 10.00% (Buffer Value 6,055.92), Downside Leverage Factor 1.11111. The Initial Underlier Value is 6,728.80. If the Final Underlier Value is below the Buffer Value, repayment is reduced by 1.11111% per 1% decline beyond the buffer, which can result in substantial loss of principal.
Agent’s commission is 1% (proceeds $7,038,900, or 99%). The Final Valuation Date is November 23, 2026 and Maturity Date is November 27, 2026. The notes are unsecured and unsubordinated obligations, will not be listed, and are subject to the exercise of any U.K. Bail-in Power. Maximum payment at maturity is $1,085.50 per $1,000 note when the buffer condition is met.
Barclays Bank PLC is offering unsecured notes linked to the SPDR Gold Trust (GLD) and iShares Silver Trust (SLV). The Notes pay no interest and provide a Minimum Payment at Maturity of $925 per $1,000, meaning investors can lose up to 7.50% if not called and if either underlier finishes at or below its initial value.
The Notes are automatically redeemed if, on the Observation Date (February 9, 2026), the Closing Value of each underlier is at or above its Call Value (GLD: $386.77; SLV: $46.00), paying $1,000 + 6.60% on the Redemption Settlement Date (February 17, 2026). If not redeemed, payment at maturity (August 12, 2026) is based on the Lesser Performing Underlier: full unleveraged upside if it rises, or the greater of the calculated amount and $925 if it does not.
Key terms include Initial Underlier Values (GLD: $368.35; SLV: $43.81). Price to public is 100% of face; agent’s commission 1.20%; issuer proceeds 98.80% per Note. The Notes will not be listed. Payments are subject to Barclays’ credit and the U.K. Bail‑in Power.
Barclays Bank PLC is offering unsecured, unsubordinated structured notes that pay a Contingent Coupon tied to the Barclays US Tech Accelerator 6% Decrement USD ER Index (BXIIUT4E). The coupon is $16.25 per $1,000 (1.625% monthly; 19.50% per annum) for each Observation Date on which the Index closes at or above the 70% Coupon Barrier.
Beginning with the sixth Observation Date, the notes are auto-callable if the Index is at or above its initial level; upon call you receive $1,000 plus the coupon for each note. If not called, at maturity you receive: (i) $1,000 plus any coupon if the Final Index Value is at or above the 50% Barrier; or (ii) $1,000 + ($1,000 × Underlier Return) if below the Barrier, which can result in a significant loss, up to all principal.
The Index applies a 6% per annum decrement (daily) and references a leveraged futures-based index with an implicit financing cost, which can drag performance. Denomination is $1,000; price to public 100%, 1.25% selling commission, and 98.75% proceeds to Barclays per note. The notes will not be listed, and are subject to the U.K. Bail-in Power.
Barclays Bank PLC is offering Trigger Autocallable Contingent Yield Notes linked to the lesser performing of Microsoft (MSFT) and Oracle (ORCL), maturing on or about December 16, 2026. The Notes pay a 20.30% per annum contingent monthly coupon ($16.9167 per $1,000) if on an Observation Date the Closing Price of each stock is at or above its Coupon Barrier.
The Notes auto-call on any monthly Observation Date if each stock closes at or above its Initial Underlying Price. Initial prices were $506.00 for MSFT and $240.83 for ORCL (Strike Date: November 10, 2025). Coupon Barriers and Downside Thresholds are 65.00% of those levels: $328.90 for MSFT and $156.54 for ORCL.
If not called, and on the Final Valuation Date each stock is at or above its Downside Threshold, you receive principal plus any due coupons. If either is below its threshold, you receive shares of the lesser performing stock at the Share Delivery Amount: 1.9763 MSFT or 4.1523 ORCL per Note (fractional shares in cash), which may be worth significantly less than principal. Denomination is $1,000. Initial issue price is $1,000, underwriting discount $12.50, proceeds to issuer $987.50; estimated value per Note is expected between $929.10 and $979.10. Payments are subject to Barclays’ credit and U.K. Bail-in Power.
Barclays Bank PLC filed a preliminary pricing supplement for Market Linked Securities—auto-callable notes with contingent downside—linked to the lowest performing of the Nasdaq‑100, Russell 2000, and S&P 500. Each $1,000 security may be automatically called on monthly evaluation dates if the lowest performing index closes at or above its starting level, paying the principal plus a call premium. Minimum call premiums start at 11.650% of principal on November 20, 2026 and step up to at least 34.950% by November 17, 2028 (the final calculation day).
These are unsecured, unsubordinated obligations of Barclays, subject to U.K. Bail‑in Power. If not called, principal is repaid at maturity only if the lowest performing index’s ending level is at least its threshold level of 70% of its starting level; otherwise repayment equals $1,000 times the index performance factor, exposing investors to losses greater than 30% and up to all principal. Per security economics show an original offering price of $1,000, an agent discount of $25.75, and proceeds to Barclays of $974.25.
Barclays Bank PLC is offering Accelerated Return Notes linked to the SPDR Gold Trust (GLD), maturing in January 2027, with a term of approximately 14 months. The notes provide 300% upside participation in GLD, subject to a capped return of 14.00%–18.00% (Capped Value of $11.40–$11.80 per $10 unit), and 1‑to‑1 downside exposure, putting 100% of principal at risk.
The notes pay no periodic interest and all payments occur at maturity, subject to the credit risk of Barclays and the exercise of any U.K. Bail‑in Power. The public offering price is $10.00 per unit, including a $0.175 underwriting discount and a $0.05 hedging-related charge; proceeds to Barclays are $9.825 per unit before expenses. Barclays’ initial estimated value is expected to be $9.174–$9.674 per unit on the pricing date. The notes will not be listed and secondary market liquidity may be limited, with minimum initial purchases of 100 units.
Barclays Bank PLC filed a preliminary 424B2 for unsecured, unsubordinated digital barrier notes linked to the Nasdaq‑100 (NDX), Russell 2000 (RTY), and S&P 500 (SPX). The Notes pay no interest and do not guarantee principal.
At maturity, each $1,000 Note pays $1,000 plus a Digital Percentage of 8.15% if the Least Performing Underlier finishes at or above its Barrier Value, which is 60.00% of its Initial Underlier Value. If the Least Performing Underlier finishes below its Barrier Value, the payoff is $1,000 plus $1,000 times its Underlier Return, exposing holders to full downside, potentially to $0.
Key terms include: minimum denomination $1,000; Initial Valuation Date November 14, 2025; Issue Date November 19, 2025; Final Valuation Date December 14, 2026; Maturity Date December 17, 2026. Per Note pricing shows a 0.22% agent’s commission and 99.78% proceeds to Barclays. The Notes will not be listed. Holders consent to potential exercise of the U.K. Bail-in Power; all payments are subject to Barclays’ credit risk.
Barclays Bank PLC outlined a preliminary 424B2 pricing supplement for market-linked, callable notes with contingent coupons tied to the lowest performer of the Russell 2000, S&P 500 and EURO STOXX 50. The notes are unsecured, unsubordinated obligations and consent to potential U.K. Bail-in Power.
The securities pay a quarterly contingent coupon only if, on every eligible trading day in the observation period, the lowest-performing index stays at or above its threshold level. The contingent coupon rate will be set on pricing and will be at least 10.60% per annum. Barclays may redeem the notes in whole on quarterly optional redemption dates. If held to maturity on May 23, 2030, repayment of principal depends on the lowest-performing index: at or above its threshold (70% of starting level) returns $1,000 per note; below threshold returns $1,000 multiplied by that index’s performance factor.
Original offering price is $1,000 per security, with an agent discount of $13.25 and proceeds to Barclays of $986.75 per security. Distribution involves Wells Fargo Securities, LLC and Barclays Capital Inc.
Barclays Bank PLC is offering preliminary Autocallable Contingent Coupon Barrier Notes due November 16, 2028, linked to Micron (MU), NVIDIA (NVDA) and TSMC ADS (TSM). The Notes pay a Contingent Coupon of $13.125 per $1,000 (15.75% per annum) on any Observation Date when the Closing Value of each Underlier is at or above its Coupon Barrier Value (set at 50% of the Initial Underlier Value for each name). Minimum denomination is $1,000.
Beginning with the 12th Observation Date, if the Closing Value of each Underlier is at or above its Initial Underlier Value, the Notes are automatically redeemed for $1,000 plus the current and any previously unpaid Contingent Coupons. At maturity, outcomes depend on the Least Performing Underlier: if it is at or above its Barrier Value, principal is repaid; if it is below its Barrier and the Best Performing Underlier is below its Initial Value, repayment is reduced in line with the Least Performer’s decline, which can result in a significant loss.
The Notes are unsecured, unsubordinated obligations of Barclays, subject to U.K. Bail-in Power. They will not be listed. The price to public is 100%, with an agent’s commission of 1.15% and issuer proceeds of 98.85% per $1,000.
Barclays Bank PLC is offering unsecured, unsubordinated auto-callable notes linked to an equal‑weighted basket of five U.S. equities: Affirm (AFRM), Astera Labs (ALAB), AppLovin (APP), Robinhood (HOOD) and Palantir (PLTR), each at 20% weight. Denominations are $1,000 and multiples thereof. The Initial Valuation Date is November 21, 2025, Issue Date November 26, 2025, Final Valuation Date November 21, 2029, and Maturity Date November 27, 2029.
The notes may be automatically redeemed if the Basket Return on any Observation Date (after approximately one year) is ≥ 0%, paying $1,000 + ($1,000 × Redemption Premium). Redemption Premiums step up from 18.7500% (first Observation Date) to 75.0000% (Final). If held to maturity and not redeemed: if Final Basket Return ≥ the -50% Barrier Value, payment is $1,000 per note; otherwise, payment equals $1,000 + ($1,000 × Final Basket Return), exposing investors to losses up to total principal.
Per note pricing: Initial Issue Price $1,000, Price to Public 100%, Agent’s Commission 3.875%, Proceeds to Barclays 96.125%. The notes will not be listed. They are subject to the U.K. Bail‑in Power and to Barclays’ credit risk.
Barclays Bank PLC is offering Market Linked Securities—auto-callable notes with contingent downside, linked to the lowest performing of the Nasdaq-100 Index and the S&P 500 Index, due November 27, 2029. Each security has a $1,000 original offering price, an agent discount of $25.75, and per-security proceeds to Barclays of $974.25.
The notes may be automatically called on quarterly dates if the lowest performing index closes at or above its starting level, paying principal plus a call premium that is set on the pricing date and will be no less than a simple return of approximately 9.55% per annum (e.g., at least 9.55% on November 27, 2026; at least 38.20% on November 21, 2029). If not called, principal is repaid at maturity only if the lowest performing index is at or above its 75% threshold; otherwise, repayment is reduced proportionally to the index decline.
The securities are unsecured and unsubordinated obligations of Barclays and are subject to U.K. Bail-in Power. No participation in index appreciation beyond the stated call premiums.
Barclays Bank PLC filed a preliminary pricing supplement for Buffered Digital Notes linked to the S&P 500 Index. The notes offer a fixed payout if the index ends at or above the Buffer Value (90% of the initial level): holders receive $1,085.00 per $1,000 note assuming a Digital Return of 8.50% (the actual Digital Return will be set on the pricing date).
If the final index level is below the Buffer Value, repayment declines on a leveraged basis: investors lose 1.11111% of principal for each 1% the index falls below the buffer. Key dates include a Final Valuation Date of November 30, 2026 and a Maturity Date of December 3, 2026. The notes are unsecured and unsubordinated obligations of Barclays and are subject to potential U.K. Bail-in Power.
Per-note economics show an initial issue price of $1,000, a 1% agent’s commission, and 99% proceeds to Barclays. The notes will not be listed on any U.S. exchange.
Barclays Bank PLC announced a preliminary pricing supplement for Phoenix AutoCallable Notes due November 18, 2027, linked to Norwegian Cruise Line Holdings Ltd. ordinary shares. The Notes offer a contingent coupon of $37.50 per $1,000 (15.00% per annum), payable only if the closing value on an Observation Date is at or above the Coupon Barrier of 59.70% of the Initial Value. The Notes are auto-callable at 100.00% of the Initial Value on scheduled Call Valuation Dates starting about six months after issuance.
Per $1,000 Note, pricing includes a Price to Public of 100.00%, Agent’s commission of 1.85%, and proceeds to Barclays of 98.15%. Barclays’ estimated value is $909.80–$959.80 per Note on the Initial Valuation Date. If not called and the Final Value is below the Barrier (59.70%), repayment is reduced one-for-one with the Reference Asset’s loss, or Barclays may deliver shares under a physical settlement option; investors may lose up to 100.00% of principal.
The Notes are unsecured, unsubordinated obligations, not listed, and subject to U.K. Bail-in Power. Denomination is $1,000, with key dates from November 2025 through maturity on November 18, 2027.