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 Supertrack Notes linked to the Russell 2000 Index, part of its Global Medium‑Term Notes, Series A. The notes are scheduled to price on November 13, 2025, issue on November 17, 2025, and mature on December 16, 2026.
The payoff is capped and buffered: holders receive par plus index gains up to a Maximum Return of 16.75% (i.e., up to $1,167.50 per $1,000 note) if the index is flat or higher at maturity. If the index declines but stays above the Buffer Value (2,087.30, which is 85.00% of the Initial Value 2,455.645 set on November 10, 2025), repayment is $1,000. Below the buffer, principal loses 1% for every 1% drop beyond 15%, up to an 85% loss.
The notes pay no coupons, are unsecured and unsubordinated obligations of Barclays, and will not be listed. The filing notes consent to potential U.K. Bail‑in Power. Price to public is 100% with an agent commission of 0.40%; estimated value on the pricing date is expected between $939.80 and $989.80 per $1,000 note. Minimum denomination is $1,000.
Barclays Bank PLC is offering preliminary Callable Contingent Coupon Notes due November 23, 2029 linked to the least performing of AMZN, META, and AAPL. These unsecured, unsubordinated notes pay a contingent coupon at 17.00% per annum (approximately $14.167 per $1,000 each period) only if each stock closes at or above its Coupon Barrier (70% of its Initial Value) on the relevant Observation Date.
At maturity, if not previously called, you receive $1,000 per note if the Least Performing stock finishes at or above its Barrier (50% of Initial Value). Otherwise, repayment is reduced by the decline of that stock; you could lose up to 100% of principal. Barclays may redeem the notes (in whole) at its discretion on scheduled Call Valuation Dates starting after roughly three months, at $1,000 plus any due coupon.
Indicative pricing shows an estimated value between $903.80 and $973.80 per $1,000 on the Initial Valuation Date. The agent’s commission is 0.75% per note. The notes will not be listed and are subject to U.K. Bail‑in Power and Barclays’ credit risk.
Barclays Bank PLC filed a preliminary 424(b)(2) pricing supplement for unsecured Global Medium‑Term Notes linked to the S&P 500 Index. The notes offer no coupons, repay principal at maturity, and provide capped upside.
At maturity on February 17, 2027, holders receive $1,000 per $1,000 note if the S&P 500 finishes below its Initial Value. If the index is at or above the Initial Value, payment equals $1,000 plus the lesser of the index return or a Maximum Return of 7.30% (i.e., $1,073 per $1,000 note at the cap). Key dates: Initial Valuation Date November 12, 2025; Issue Date November 17, 2025; Final Valuation Date February 10, 2027. The Initial Value is 6,832.43 (closing level on November 10, 2025).
Per‑note economics: price to public 100.00%, agent’s commission 0.25% (up to $2.50 per $1,000), proceeds to issuer 99.75%. Barclays estimates the note value on the Initial Valuation Date at $942.30–$992.30 per $1,000. The notes will not be listed, carry credit risk of Barclays, and include explicit consent to the U.K. Bail‑in Power. Investors do not receive dividends or voting rights on the index.
Barclays Bank PLC filed a preliminary pricing supplement for Phoenix AutoCallable Notes due November 18, 2027 linked to the least performing of the Invesco S&P 500 Equal Weight ETF (RSP), the Russell 2000 Index (RTY) and the Nasdaq‑100 Index (NDX). The notes have a $1,000 minimum denomination and pay a $22.50 contingent coupon per $1,000 (2.25% per period, based on 9.00% per annum) if, on an Observation Date, each reference asset is at or above its coupon barrier.
The notes may be automatically called after roughly six months if, on a Call Valuation Date, each asset is at or above its Call Value (100% of Initial Value). If not called, at maturity investors receive $1,000 if the Least Performing asset is at or above its Barrier Value (70% of Initial Value), otherwise principal is reduced one‑for‑one with the decline; up to 100% loss is possible.
Initial valuation date is November 13, 2025; issue date November 18, 2025; final valuation date November 15, 2027. The issuer’s estimated value is expected between $918.30 and $968.30 per note. Pricing includes an agent commission of 1.60% (proceeds 98.40%). The notes are unsecured, not listed, and subject to U.K. Bail‑in Power.
Barclays Bank PLC filed a preliminary 424(b)(2) pricing supplement for Buffered Supertrack Notes linked to the S&P 500 Index, maturing on December 16, 2026. The Notes are unsecured, unsubordinated debt and will not be listed on an exchange.
Each $1,000 Note pays at maturity: (i) $1,000 plus the lesser of the index return and the Maximum Return of 14.85% if the Final Value is at or above the Initial Value; (ii) par ($1,000) if the Final Value is below the Initial Value but at or above the 10.00% buffer; or (iii) a reduced amount if below the buffer, losing 1% for each 1% decline beyond -10% (down to a maximum loss of 90%).
Key terms include: Initial Value 6,832.43 (closing level on November 10, 2025), Buffer Value 6,149.19, Initial Valuation Date November 13, 2025, Issue Date November 17, 2025, and Final Valuation Date December 14, 2026. Denominations are $1,000 and integral multiples thereof. Price to public is 100.00%, agent’s commission 0.40%, proceeds to issuer 99.60%. The estimated value is expected between $940.80 and $990.80 per Note.
Payments depend on Barclays’ credit and are subject to potential U.K. Bail-in Power. Holders have no dividends or voting rights from the index.
Barclays Bank PLC filed a preliminary pricing supplement for unsecured, unsubordinated structured notes linked to NVIDIA, Palantir, and Tesla common stocks. The notes offer a contingent coupon of $19.792 per $1,000 (23.75% per annum) for months when the closing value of each underlier is at or above its Coupon Barrier Value (70% of its initial value). Coupons “accrue” and are paid later if conditions are met on a future observation date.
The notes may be automatically redeemed starting on the 12th observation date if each underlier is at or above its initial value, paying $1,000 plus the current and any previously unpaid coupons. If held to maturity and not auto-called: principal is repaid if the least-performing underlier finishes at or above its Barrier Value (50% of initial), or if the best-performing underlier finishes at/above its initial value; otherwise, repayment falls one-for-one with the decline of the least performer, which can result in a substantial or total loss.
Denomination is $1,000; price to public 100%, agent commission 1.00%, proceeds to issuer 99.00%. The notes will not be listed. Payments depend on Barclays’ credit and are subject to the U.K. Bail-in Power.
Barclays Bank PLC filed a preliminary 424(b)(2) pricing supplement for Global Medium‑Term Notes, Series A: AutoCallable Notes due November 29, 2028, linked to the least performing of the S&P 500 Index and the iShares Russell 2000 ETF.
The notes feature potential early redemption if, on a Call Valuation Date, each reference asset is at or above its Call Value. Call barriers step down over time (100.00%, 95.00%, 90.00%), with a Periodic Call Premium of $97.00 per $1,000 (9.70% per annum), compounded by years outstanding if called. If not called, principal is repaid at maturity only if the least performing asset finishes at or above its 70.00% barrier; otherwise, repayment is reduced one‑for‑one with the decline, and investors could lose up to 100% of principal.
Per‑note economics: price to public 100.00%, agent’s commission 2.10%, and proceeds to issuer 97.90% (i.e., $979.00 per $1,000). The issuer’s estimated value is expected between $891.70 and $951.70 per note on the Initial Valuation Date. Minimum denomination is $1,000. Payments are unsecured, unsubordinated obligations of Barclays Bank PLC and are subject to consent to any U.K. Bail‑in Power. The notes will not be listed on a U.S. exchange.
Barclays Bank PLC is offering AutoCallable Contingent Coupon Notes due May 27, 2027 linked to the least performing of the S&P 500, Russell 2000, and Nasdaq‑100. The notes pay a $16.25 contingent coupon per $1,000 (1.625% per quarter; 6.50% per annum) if on an Observation Date each index is at or above 75% of its Initial Value. The notes may be automatically called on specified dates if each index is at or above 90% of its Initial Value, returning $1,000 plus the applicable coupon.
At maturity, if not called: investors receive $1,000 per note if the least performing index is at or above its Initial Value, or if it is below but no Knock‑In Event occurred. If a Knock‑In Event occurs (any index ever closes below 70% of its Initial Value) and the least performing index ends below its Initial Value, repayment is reduced one‑for‑one with that decline, up to total loss. Initial issue price is $1,000; agent’s commission is 2.50% (proceeds to Barclays 97.50%). Estimated value per note on the Initial Valuation Date is expected between $916.70–$966.70. The notes are unsecured obligations subject to U.K. Bail‑in Power and will not be listed.
Barclays Bank PLC plans to issue unsecured Global Medium‑Term Notes linked to the S&P 500 Index, maturing on November 22, 2028. The notes pay no coupons. At maturity, each $1,000 note returns: (a) $1,000 plus the S&P 500 price return, capped by a Maximum Return of 20.00%, if the index finishes at or above its initial level; or (b) $1,000 if the index finishes below its initial level.
The initial issue price is $1,000 per note, with an agent commission of 0.70% and issuer proceeds of 99.30% per note. Barclays’ estimated value on the initial valuation date is expected between $925.70 and $985.70 per note. The minimum denomination is $1,000. Key dates: Initial Valuation Date November 17, 2025, Issue Date November 20, 2025, Final Valuation Date November 17, 2028.
The notes will not be listed on any U.S. exchange and are subject to the credit of Barclays Bank PLC and the risk of exercise of any U.K. Bail‑in Power. Holders will not receive dividends or voting rights associated with the S&P 500.
Barclays Bank PLC priced $1,351,000 AutoCallable Notes due November 13, 2030, linked to the least performing of the Russell 2000, Dow Jones Industrial Average, and S&P 500. The notes may be automatically called on scheduled dates starting November 2026 if each index is at or above its Call Value (100% of Initial Value), paying $85 per $1,000 for each full year elapsed (an 8.50% per annum Call Premium).
The structure includes a 70% Barrier of Initial Value per index at maturity: repayment of $1,000 occurs if the least performing index closes at or above its Barrier; otherwise, investors take a one-for-one loss with that index and can lose up to 100% of principal. Denomination is $1,000.
Pricing terms: Price to public 100.00%; agent commission 3.75%; proceeds to issuer 96.25%. The issuer’s estimated value on the initial valuation date is $932.80 per note. The notes are unsecured obligations of Barclays and subject to consent to any U.K. Bail‑in Power. The notes will not be listed.
Barclays Bank PLC is offering unsecured Airbag Autocallable Yield Notes linked to the least performing of AMD (common stock), Arm (ADS) and Broadcom (common stock), maturing on or about May 14, 2026. The Notes pay a fixed Monthly Coupon at a 24.60% per annum rate, equal to 2.05% ($20.50) per $1,000 each month, unless previously called.
The Notes are automatically called on any monthly Observation Date if the Closing Price of each Underlying is at or above its Initial Underlying Price; if called, you receive principal plus that month’s coupon. If not called, and on the Final Valuation Date each Underlying is at or above its Conversion Price (75% of initial), you receive principal plus the final coupon. Otherwise, at maturity you receive the final coupon and a Share Delivery Amount of the Least Performing Underlying: AMD 5.7091 shares, Arm 8.7497 ADS, or Broadcom 3.8158 shares per Note.
Key levels: AMD Initial $233.54; Conversion $175.16. Arm Initial $152.38; Conversion $114.29. Broadcom Initial $349.43; Conversion $262.07. Estimated value on the Trade Date is $929.50–$979.50 per Note. Minimum denomination is $1,000. Payments depend on Barclays’ credit and are subject to U.K. bail‑in powers. The Notes will not be listed.
Barclays Bank PLC is offering unsecured, unsubordinated contingent income notes linked to MU, NVDA and TSM. The notes pay a monthly contingent coupon of $13.333 per $1,000 (16.00% per annum) only if on an Observation Date the Closing Value of each underlier is at or above its Coupon Barrier Value, set at 50.00% of its Initial Underlier Value. Beginning with the twelfth Observation Date, the notes are automatically redeemed if each underlier is at or above its Initial Underlier Value, returning $1,000 plus the due coupon(s).
At maturity, outcomes depend on the Least and Best Performing underliers: full principal is repaid if the Least Performing is at or above its Barrier Value; full principal is also repaid if the Least Performing is below its Barrier Value but the Best Performing is at or above its Initial Underlier Value; otherwise, repayment is $1,000 plus $1,000 times the Underlier Return of the Least Performing, which can result in significant loss up to all principal.
The initial issue totals $981,000.00; agent’s commission is 1.25% and issuer proceeds are 98.75%. The notes will not be listed and are subject to U.K. Bail‑in Power.
Barclays Bank PLC priced $29,758,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000, and S&P 500, maturing on February 9, 2028.
The Notes pay a 10.00% per annum contingent coupon, evaluated daily within each quarterly Observation Period, and paid only if each index stays at or above its Coupon Barrier on every scheduled trading day in that period. Barclays may call the Notes on any quarterly Observation End Date (other than the Final Valuation Date) and repay principal plus any due coupon. If not called, principal is repaid only if each index on the Final Valuation Date is at or above its Downside Threshold; otherwise, repayment is reduced by the negative return of the worst-performing index, up to a total loss of principal.
Barriers are set at 70% of initial levels and Downside Thresholds at 60% (NDX 25,620.03; RTY 2,464.780; SPX 6,796.29 on the Strike Date). Minimum investment is 100 Notes at $10 each. Underwriting discount is $0.125 per Note; issuer proceeds total $29,386,025. The estimated value is $9.779 per Note. Payments are subject to Barclays’ credit and the U.K. Bail‑in Power.
Barclays Bank PLC filed a preliminary pricing supplement for unsecured, unsubordinated structured notes linked to the NDX, RTY, and SPX. The notes pay a Contingent Coupon of $30 per $1,000 (12.00% per annum; 3.00% quarterly) for each Observation Period in which no Coupon Barrier Event occurs. A Coupon Barrier Event occurs if any underlier closes below 70.00% of its Initial Underlier Value on any scheduled trading day in that period. The notes are subject to issuer early redemption (in whole) on any Contingent Coupon Payment Date starting after approximately three months, at $1,000 per note plus any due coupon.
The Barrier Value at maturity is 60.00% of each Initial Underlier Value. If not redeemed early and the Least Performing Underlier finishes at or above its Barrier Value, holders receive $1,000 plus any due coupon; otherwise, repayment equals $1,000 plus $1,000 × the underlier return of the Least Performing Underlier, which can result in substantial loss up to 100% of principal. Key dates: Initial Valuation Date November 10, 2025; Issue Date November 14, 2025; Final Valuation Date November 8, 2027; Maturity Date November 12, 2027. Price to public: 100%; agent’s commission: 0.20%; proceeds to issuer: 99.80%. The notes are not listed and are subject to the U.K. Bail-in Power.
Barclays Bank PLC is offering unsecured notes linked to the Barclays US Tech Accelerator 6% Decrement USD ER Index. The notes pay a Contingent Coupon of $9.625 per $1,000 (11.55% per annum) only on Observation Dates when the Index closes at or above the Coupon Barrier Value of 19,243.68. Beginning with the sixth Observation Date, the notes are subject to automatic redemption if the Index is at or above the Initial Underlier Value of 38,487.35.
If held to maturity on November 10, 2028 and not redeemed early, payment is $1,000 plus any due coupon if the Final Underlier Value is at or above the Barrier Value (19,243.68). If below the Barrier, repayment equals $1,000 plus $1,000 × Underlier Return, exposing investors to significant loss up to total principal. Denomination is $1,000.
The Index includes a 6% per annum decrement and variable exposure (100%–400%) to a futures index, which can drag performance. The notes are not listed, are subject to the issuer’s credit and the U.K. Bail-in Power. Total price to public is $1,595,000, with proceeds to Barclays of 98.75%.
Barclays Bank PLC is offering $2,685,000 of unsecured, unsubordinated Notes linked to the Barclays US Tech Accelerator 6% Decrement USD ER Index (BXIIUT4E). The price to public is 100% per Note; the agent’s commission is 0.90% ($24,165), with proceeds to Barclays of 99.10% ($2,660,835).
The Notes pay a contingent coupon of $15.833 per $1,000 (19.00% per annum, 1.5833% monthly) on any Observation Date when the Closing Value is at or above the Coupon Barrier Value of 26,941.15 (70% of the Initial Underlier Value of 38,487.35). Beginning with the sixth Observation Date, the Notes are automatically redeemable if the Closing Value is at least the Initial Underlier Value, paying $1,000 plus the applicable coupon.
If not redeemed, at maturity (November 13, 2030): if the Final Underlier Value is at or above the Barrier Value of 19,243.68 (50%), investors receive $1,000 plus any coupon; otherwise, repayment equals $1,000 + ($1,000 × Underlier Return), which can result in a significant or total loss.
The Underlier includes a 6% per annum decrement and variable exposure up to 400%, and the Notes are subject to U.K. Bail-in Power. The Notes will not be listed. Issue Date: November 12, 2025.
Barclays Bank PLC is offering unsecured, unsubordinated index-linked Notes under a 424B2 pricing supplement. The $1,000-denomination Notes do not pay interest and may return less than principal at maturity. The tranche totals $750,000 at 100% price to public, with a 0.22% agent’s commission and 99.78% proceeds to Barclays.
The Notes reference the Nasdaq-100 (NDX), Russell 2000 (RTY), and S&P 500 (SPX). At maturity on January 12, 2027 (final valuation on January 7, 2027), payment per $1,000 is: (1) $1,081 (8.10% Digital Percentage) if the Least Performing Underlier is ≥ its Digital Barrier (60% of initial); (2) $1,000 if it is < the Digital Barrier but ≥ the Barrier (53% of initial); or (3) $1,000 × (1 + Underlier Return) if it is < the Barrier, which can result in significant loss up to 100%.
The Notes are not listed, require consent to any U.K. Bail‑in Power, and payments are subject to Barclays’ credit risk. Issue date is November 12, 2025.
Barclays Bank PLC is offering unsecured structured Notes linked to the S&P 500 Index. The Notes pay no interest and return at maturity depends on index performance, subject to a Maximum Upside Return of 14.76% and a 10.00% buffer.
If the index rises, repayment per $1,000 equals $1,000 plus the lesser of the index return or 14.76% (capped at $1,147.60). If the index declines by up to 10%, investors receive a positive 1% return per 1% decline (up to 10%). If the index falls more than 10%, repayment is reduced beyond the buffer and investors can lose up to 90% of principal.
Key terms: Initial Valuation Date November 6, 2025; Issue Date November 12, 2025; Final Valuation Date May 6, 2027; Maturity Date May 11, 2027. Initial Underlier Value 6,720.32; Buffer Value 6,048.29. Minimum denomination $1,000. Initial issue size $386,000; agent’s commission 1.50%; proceeds to issuer 98.50%. The Notes are not listed and are subject to U.K. Bail-in Power.
Barclays Bank PLC priced a $5,700,000 offering of Autocallable Fixed Coupon Notes due November 12, 2027, linked to the least performing of GOOGL, AMZN, and MSFT. The notes pay a fixed coupon of 0.75% monthly (9.00% per annum) and may be automatically called starting about six months after issuance if, on a call date, the closing value of each reference stock is at or above its initial value.
At maturity, if not called, holders receive $1,000 per note if the least performing stock is at or above its 60% barrier; otherwise repayment is reduced one-for-one with that stock’s decline, up to a full loss of principal. Initial values were set on November 6, 2025: GOOGL $284.75; AMZN $243.04; MSFT $497.10. The notes are unsecured obligations of Barclays and are subject to the U.K. Bail‑in Power.
Pricing details: price to public 100.00% ($1,000 per note); agent’s commission 3.00% ($171,000 total); proceeds to issuer $5,529,000. Barclays’ estimated value is $940.00 per note on the valuation date. The notes will not be listed on any U.S. exchange.
Barclays Bank PLC priced $429,000 Phoenix AutoCallable Notes due November 10, 2028, linked to the least performing of UBER, DASH and COST. The notes pay a contingent coupon of $15.208 per $1,000 (1.5208% monthly; 18.25% per annum) when each stock is at or above its Coupon Barrier Value (60% of initial). They are automatically called if, on a Call Valuation Date, all three are at or above 100% of initial; if called, investors receive $1,000 plus the coupon.
At maturity, if not called, investors receive $1,000 per note if the least performing stock is at or above its Barrier Value (50% of initial), otherwise principal is reduced one-for-one with the decline; investors may lose up to 100%. Price to public 100%, agent commission 1.00%, proceeds to issuer 99.00%. Estimated value is $952.00 per note. The notes are unsecured, unlisted, subject to Barclays’ credit risk and include consent to potential U.K. Bail-in Power.
Barclays Bank PLC priced $6,537,000 of Trigger Autocallable Contingent Yield Notes linked to the lesser performing of the Nikkei 225 and S&P 500, due November 12, 2030. The notes pay a 7.80% per annum contingent coupon (0.195 per $10 note per quarter) only if both indices close at or above their coupon barriers on an observation date. The notes are automatically callable quarterly beginning May 7, 2026 if both indices are at or above their initial levels.
Key levels per index: coupon barrier 70% and downside threshold 60% of the initial level. If not called, principal is repaid at maturity only if both indices finish at or above their downside thresholds; otherwise repayment is reduced in line with the lesser performer and can be zero. The notes are unsecured obligations of Barclays and are subject to U.K. Bail‑in Power. Issue price is $10 per note with a $0.225 underwriting discount and $9.775 proceeds to Barclays; total proceeds are $6,389,917.50. Barclays’ estimated value on the trade date is $9.558 per note. The notes will not be listed.
Barclays Bank PLC priced $740,000 of Global Medium‑Term Notes, Series A, linked to the S&P 500 Futures Excess Return Index. The notes are scheduled to be issued on November 12, 2025, with a final valuation date on November 6, 2028 and maturity on November 9, 2028.
At maturity, each $1,000 note pays $1,000 plus 0.95 times any positive index return; if the index declines, holders receive $1,000. There are no periodic interest payments, and the notes will not be listed. The initial value of the index is 556.71 (the closing value on November 5, 2025). The price to the public is 100% with agent’s commission of 0%, and Barclays’ estimated value is $985.20 per $1,000 note on the initial valuation date. Payments are subject to Barclays’ credit and the consented U.K. Bail‑in Power.
Barclays Bank PLC priced $893,000 Buffered Autocallable Notes due November 13, 2030, linked to the least performing of the Nasdaq‑100, S&P 500, and Russell 2000 indices. The notes can auto‑redeem quarterly after the first year if each index is at or above its initial level, paying $1,000 plus a Call Premium that accrues at $107 per $1,000 per year (10.70% per annum).
The structure includes a 20% downside buffer: if held to maturity and the worst index is down less than 20%, repayment is $1,000; below the buffer, losses match further declines, up to an 80% maximum loss. Initial issue price is $1,000 per note; the issuer’s estimated value is $971. Pricing shows a 0.50% selling commission and gross proceeds of $893,000, with $888,535 to Barclays.
The notes are unsecured, not listed, and expressly subject to the U.K. Bail‑in Power, meaning terms and payments can be adjusted by a U.K. resolution authority. Automatic call dates run from November 9, 2026 through the final valuation on November 7, 2030.
Barclays Bank PLC priced $747,000 of AutoCallable Contingent Coupon Notes due November 13, 2030, linked to the least performing of Tesla (TSLA), Microsoft (MSFT) and UnitedHealth (UNH). The notes pay $12.208 per $1,000 (1.2208% based on 14.65% per annum) on scheduled dates only if each stock is at or above its coupon barrier of 60% of its initial value. The notes are automatically called if, on a call date, each stock is at or above 100% of its initial value.
At maturity, if not called, investors receive $1,000 per $1,000 note if the least performing stock is at or above its 50% barrier; otherwise, repayment equals $1,000 plus $1,000 times that stock’s return, which can result in up to a 100% loss of principal. Pricing terms: price to public 100.00%, agent’s commission 4.30%, and proceeds to Barclays 95.70% ($714,879). Barclays’ estimated value is $891.30 per note on the initial valuation date. The notes are unsecured, not listed, and include consent to the exercise of any U.K. Bail-in Power.
Barclays Bank PLC is offering $1,000-denomination Autocallable Notes due November 30, 2028 linked to the S&P 500 Index. The notes can be automatically called if the index closes at or above its Initial Value on a call date, paying $1,000 plus a Call Premium.
The Periodic Call Premium is set on the pricing date and will not be less than $88.00 per $1,000 (8.80% per annum), producing example redemption amounts of $1,088.00 (year 1), $1,176.00 (year 2), or $1,264.00 (year 3). If not called and the Final Value is below the Initial Value, repayment is $1,000 plus $1,000 × Reference Asset Return, exposing investors to losses up to 100% of principal.
Key dates include Initial Valuation Date November 25, 2025; Issue Date December 3, 2025; call valuation dates December 2, 2026 and November 26, 2027; Final Valuation Date November 27, 2028; and Maturity November 30, 2028. The initial issue price is $1,000, with an agent’s commission of 2.25% and proceeds to Barclays of 97.75% per note. Estimated value on the pricing date is expected between $905.50 and $965.50 per note. The notes are unsecured obligations subject to U.K. Bail-in Power and will not be listed.
Barclays Bank PLC filed a preliminary pricing supplement for Phoenix AutoCallable Notes due November 24, 2027 linked to the least performing of Ford, General Motors and Tesla. The Notes pay a Contingent Coupon of $23.333 per $1,000 (2.3333% per period, 28.00% per annum) only if each stock is at or above its Coupon Barrier on an Observation Date.
The Notes may be automatically called on scheduled dates if each stock is at or above its Call Value (100% of initial). If not called, at maturity investors receive $1,000 if the least performing stock is at or above its Barrier (60% of initial); otherwise, repayment is reduced one-for-one with that stock’s decline, up to a total loss of principal.
Price to public is 100% of face value; agent’s commission is 0.90% and proceeds to Barclays are 99.10% per Note. The issuer’s estimated value on the Initial Valuation Date is expected between $913.70 and $963.70 per $1,000. The Notes are unsecured, unsubordinated, not listed, and subject to U.K. Bail‑in Power.
Barclays Bank PLC launched a preliminary 424(b)(2) pricing supplement for Autocallable Notes due November 30, 2028 linked to the Russell 2000 Index. The notes are issued at 100.00% of face value with an agent’s commission of 2.25% and issuer proceeds of 97.75% per $1,000 note. The notes feature potential automatic redemption on specified dates with a Periodic Call Premium of at least $118.50 per $1,000 (based on an 11.85% per annum rate), subject to the index meeting or exceeding the initial level.
If not called and the final index value is below the initial value, repayment at maturity is reduced dollar-for-dollar with the index decline, up to a total loss of principal. The estimated value on the initial valuation date is expected between $904.80 and $964.80 per $1,000 note. These unsecured, unsubordinated obligations are subject to Barclays’ credit and the U.K. Bail‑in Power. Key dates include Initial Valuation November 25, 2025, Issue December 3, 2025, call checks on December 2, 2026 and November 26, 2027, and Final Valuation November 27, 2028. The notes will not be listed; Barclays Capital Inc. is the agent.
Barclays Bank PLC announced a preliminary pricing supplement for AutoCallable Notes due November 29, 2028, linked to the least performing of the S&P 500 Index and the iShares Russell 2000 ETF. The notes are issued in $1,000 denominations at 100% of face value, with an agent’s commission of 2.10% and issuer proceeds of 97.90% per note.
The notes may be automatically called if, on a Call Valuation Date, each reference asset is at or above its Call Value: 100% (Dec 1, 2026), 95% (Nov 24, 2027), or 90% (Nov 24, 2028). If called, investors receive $1,000 plus a Call Premium equal to $97 per $1,000 per year elapsed (9.70% per annum), up to $291 by year three. If not called, principal is repaid at maturity only if the least performing asset finishes at or above its 70.00% Barrier Value; otherwise, repayment is reduced one-for-one with the asset’s decline, potentially to $0.
Estimated value on the Initial Valuation Date is expected between $891.70 and $951.70 per note. Payments depend on Barclays’ credit and include consent to potential U.K. Bail‑in Power. The notes will not be listed on any U.S. exchange.
Barclays Bank PLC filed a preliminary pricing supplement for AutoCallable Contingent Coupon Notes linked to the least performing of GOOG, ORCL, AAPL, and TSLA, maturing on November 24, 2028.
The notes pay a $14.625 contingent coupon per $1,000 (an annual rate of 17.55%) only when the closing value of each reference asset is at or above its 50% Coupon Barrier on scheduled observation dates. The notes are automatically called, beginning after roughly six months, if on a call date each asset is at or above 100% of its initial value, returning $1,000 plus any due coupons.
If not called, repayment at maturity depends on the least performing asset: at or above its 50% Barrier returns $1,000; below the barrier, principal is reduced one-for-one with that asset’s decline, down to $0. Initial pricing shows a 3.75% selling commission (issuer proceeds 96.25% per $1,000) and an estimated value between $859.40 and $919.40 per $1,000 on the valuation date. The notes are unsecured, subject to U.K. Bail-in Power, and will not be listed.
Barclays Bank PLC filed a preliminary pricing supplement for Global Medium‑Term Notes, Series A: AutoCallable Notes due November 26, 2031 linked to the least performing of the S&P 500, Russell 2000, and Dow Jones Industrial Average.
The Notes have a $1,000 minimum denomination and pay no coupons. They may be automatically called on scheduled dates starting about one year after issuance if each index is at or above its Call Value. If called, holders receive $1,000 plus a Call Premium equal to $101 per $1,000 per year (10.10% per annum), prorated by the number of years to the call date.
If not called, at maturity investors receive: $1,000 if the least performing index is at or above its Barrier Value (75% of its Initial Value); otherwise, $1,000 plus $1,000 times the least performing index return, exposing principal to full downside and up to 100% loss. The Notes are unsecured, unsubordinated obligations of Barclays and are subject to the U.K. Bail‑in Power.
Per Note pricing shows a 0.80% agent commission and 99.20% proceeds to the issuer; the estimated value on the Initial Valuation Date is expected to be $885.10–$965.10 per $1,000. The Notes will not be listed on any U.S. exchange.
Barclays Bank PLC is offering Callable Contingent Coupon Notes linked to Delta Air Lines, Inc. (DAL), maturing on November 17, 2027. The notes pay a 12.00% per annum contingent coupon ($30 per $1,000 each period) only if DAL’s closing price on each Observation Date is at or above the Coupon Barrier set at 50.00% of the Initial Value.
At maturity, if not called and DAL’s Final Value is at or above the Barrier (50.00% of Initial Value), investors receive $1,000 per note. If below the Barrier, repayment is reduced one-for-one with DAL’s decline, or Barclays may deliver shares via its physical settlement option (shares equal to $1,000/Initial Value, plus cash for any fractional amount). Investors can lose up to 100.00% of principal.
The notes are callable at issuer’s discretion beginning about six months after issuance at $1,000 plus any due coupon. Minimum denomination is $1,000. Estimated value is $924.10–$974.10 per note; agent commission 1.85%. The notes are unsecured, unsubordinated obligations, not listed, and subject to the U.K. Bail‑in Power. Key dates: Initial Valuation Nov 12, 2025; Issue Nov 17, 2025; Maturity Nov 17, 2027.
Barclays Bank PLC is offering unsecured, unsubordinated autocallable notes linked to three equity indices: the Dow Jones Industrial Average (INDU), Nasdaq‑100 (NDX) and Russell 2000 (RTY). The Notes pay no interest and do not guarantee full principal.
The Notes can be automatically redeemed if on an Observation Date the Closing Value of each Underlier is at or above its Initial Underlier Value, paying per $1,000: $1,000 + ($1,000 × Redemption Premium). The Redemption Premiums are 15.35% (first Observation Date) and 30.70% (second). If not redeemed, at maturity investors receive: (i) $1,000 + ($1,000 × Underlier Return of the Least Performing Underlier) if that Underlier is above its Initial Value; (ii) $1,000 if it is at or above the Barrier of 70.00% of its Initial Value; or (iii) $1,000 + ($1,000 × Underlier Return) if below the Barrier, risking significant loss up to 100%.
Denomination is $1,000. Per Note pricing: Price to public 100%, agent’s commission 2.80%, proceeds to issuer 97.20%. The Notes are not listed, are subject to U.K. Bail‑in Power, and their estimated value on the Initial Valuation Date is expected to be less than the initial issue price.
Barclays Bank PLC filed a preliminary pricing supplement for Digital MSCI EAFE Index-Linked Global Medium-Term Notes, Series A. These unsecured, unsubordinated notes pay no interest and the cash payment at maturity depends on the MSCI EAFE Index level on the determination date, expected 23–26 months after trade date.
If the final index level is at or above 87.50% of the initial level, holders receive a capped payout equal to the maximum (expected to be the threshold settlement amount, between $1,123.60 and $1,145.30 per $1,000 face amount). If the final level is below 87.50%, returns turn negative and can result in a total loss of principal.
Price to public is 100% of face amount with 0.00% agent’s commission; the notes will not be listed. Payments are subject to the credit of Barclays Bank PLC and the risk of exercise of any U.K. Bail‑in Power. Barclays expects the notes’ estimated value on the trade date to be less than the initial issue price and notes any secondary market making is discretionary.
Barclays Bank PLC priced $500,000 Buffered Callable Contingent Coupon Notes due May 7, 2026, linked to the VanEck Gold Miners ETF (GDX). The notes are issued in $1,000 denominations at 100% of face value, with 0.00% agent commission and full proceeds to the issuer.
The notes pay a contingent coupon of $20.833 per $1,000 (2.0833% per period; 25.00% per annum) if GDX’s closing value is at or above the Coupon Barrier of $61.45 (90% of the $68.28 Initial Value) on observation dates. Barclays may redeem the notes in whole on monthly call dates at $1,000 plus any coupon. If held to maturity and not called, investors receive $1,000 if the Final Value is at or above the Buffer Value of $61.45; otherwise, repayment is reduced by 1.111111% for each 1% decline beyond the 10% buffer, up to total loss.
The estimated value is $996.70 per note on the initial valuation date. The notes are unsecured, not listed, and subject to the U.K. Bail‑in Power.
Barclays Bank PLC plans a Rule 424(b)(2) offering of AutoCallable Notes due November 26, 2031, linked to the least performing of the S&P 500, Russell 2000 and Dow Jones Industrial Average. The notes are issued in $1,000 denominations, with an Initial Valuation Date of November 21, 2025, Issue Date of December 1, 2025, and Final Valuation Date of November 21, 2031.
The notes may redeem automatically, starting about one year after issuance, if each index is at or above its Call Value on scheduled dates. Call Barriers are 95.00% for the first five call dates and 85.00% thereafter; the Periodic Call Premium is $96.00 per $1,000 (9.60% per annum), paid only upon an Automatic Call. If held to maturity and not called, repayment of principal depends on the Least Performing index: full principal if it is at or above its 75.00% Barrier Value; otherwise, losses match its decline, up to 100%. Price to public is 100.00%, agent’s commission 0.80%, proceeds 99.20%. The estimated value is expected between $887.90 and $967.90 per note. The notes are unsecured obligations, not listed, and subject to U.K. Bail-in Power.
Barclays Bank PLC is offering $3,000,000 of Buffered Callable Contingent Coupon Notes due May 8, 2026, linked to the least performing of the VanEck Gold Miners ETF (GDX) and the iShares Silver Trust (SLV). The notes pay a 16.35% per annum contingent coupon ($13.625 per $1,000) only if on each Observation Date both ETFs are at or above their 85% Coupon Barriers (GDX $58.04; SLV $36.33). Denominations are $1,000; issue date is November 10, 2025.
The issuer may redeem early at $1,000 per note plus the coupon on scheduled Call Valuation Dates. At maturity, if not called, investors receive $1,000 if the least performing ETF is at or above its 85% Buffer; otherwise principal is reduced by 1.176471% for every 1% decline beyond the 15% buffer, up to a total loss. Initial values: GDX $68.28, SLV $42.74. The estimated value is $996.30 per $1,000. The notes are unsecured obligations of Barclays and include consent to the U.K. Bail-in Power. Price to public: 100%; agent’s commission: 0.00%.
Barclays Bank PLC is offering Capped Notes with Absolute Return Buffer linked to the Russell 2000 Index under a 424B2 prospectus supplement. The notes mature in approximately 14 months, due January 2027, and pay only at maturity, subject to Barclays’ credit and any U.K. Bail-in Power.
The payout provides 1-to-1 upside to the index, capped at a 12.00% total return (Capped Value $11.20 per $10 unit). If the index declines but stays above a Threshold Value set at 92.00% to 87.00% of the Starting Value, holders receive a positive return equal to the absolute percentage decline. If the Ending Value falls below the Threshold, principal is exposed 1-to-1 to further losses.
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. The initial estimated value on the pricing date is expected between $9.332 and $9.832 per unit. The notes have no periodic interest and will not be listed; secondary liquidity is limited. The Market Measure is the Russell 2000 price return index, so dividends are excluded from returns.
Barclays Bank PLC filed a 424(b)(2) pricing supplement for $1,675,000 of AutoCallable Contingent Coupon Notes due November 9, 2027, linked to the least performing of SPY, IWM, and QQQ.
The notes pay a 9.00% per annum contingent coupon ($22.50 per $1,000 on each observation date) only if each ETF closes at or above its Coupon Barrier Value set at 70.00% of its Initial Value. They are automatically called if, on a Call Valuation Date, each ETF is at or above its Call Value (100% of Initial Value), returning $1,000 plus any due coupons and unpaid coupon amounts. If not called, maturity payment is $1,000 per note if the Least Performing ETF is at or above its Barrier Value (70% of Initial); otherwise, holders are fully exposed to downside and may lose up to 100% of principal.
Initial issue price is $1,000 per note; agent commission 1.55%; proceeds to Barclays 98.45% (total $1,649,037.50). Barclays’ estimated value on the Initial Valuation Date is $975.20 per note. The notes are unsecured obligations subject to U.K. Bail-in Power and will not be listed on a U.S. exchange.
Barclays Bank PLC priced a $1,155,000 tranche of AutoCallable Contingent Coupon Notes due November 10, 2026, linked to the least performing of the Nasdaq‑100, S&P 500, and Dow Jones Industrial Average.
The notes pay contingent coupons of $8.75 per $1,000 (0.875% per period, based on 10.50% per annum) only if each index is at or above its coupon barrier on observation dates. They may be auto‑called if, on specified call dates in August–October 2026, each index is at or above its initial level, returning principal plus the due coupon and any unpaid coupon amounts. At maturity, if not redeemed and the least‑performing index is at or above 80.00% of its initial level, investors receive $1,000 per note; otherwise, repayment is reduced one‑for‑one with the index decline, up to a total loss.
The initial issue price is $1,000 per note; the issuer’s estimated value is $986.80. The agent’s commission is 0.20% ($2 per $1,000), with proceeds to Barclays of 99.80%. Payments are subject to Barclays’ credit risk and to consented U.K. Bail‑in Power. The notes are unsecured, unsubordinated, and not exchange‑listed.
Barclays Bank PLC is offering $500,000 of Callable Contingent Coupon Notes due November 10, 2027, linked to the least performing of Starbucks (SBUX), lululemon (LULU) and Adobe (ADBE). The price to public is 100.00%, the agent’s commission is 0.50% ($2,500), and proceeds to Barclays are $497,500.
The notes pay a contingent coupon of $20.00 per $1,000 (2.00% per month; 24.00% per annum) only if on each observation date all three stocks are at or above their coupon barriers, set at 60% of initial values. Initial values and 60% barrier values are: SBUX $82.88/$49.73; LULU $167.59/$100.55; ADBE $335.53/$201.32. Barclays may redeem the notes on specified call dates at $1,000 per note plus any due coupon.
If held to maturity and the least performing stock’s final value is at or above its 60% barrier, investors receive $1,000 per note; otherwise repayment is reduced one-for-one with that stock’s decline, up to a full loss of principal. The notes are unsecured, unsubordinated obligations, not listed on any exchange, and are subject to U.K. Bail-in Power. Barclays’ estimated value on the initial valuation date is $964.20 per note.
Barclays Bank PLC is offering $7,000,000 Global Medium‑Term Notes, Series A, AutoCallable Notes due November 8, 2030, linked to the least performing of the Russell 2000 Index and the EURO STOXX 50 Index.
The notes are issued in $1,000 denominations at 100.00% of face value. The agent’s commission is 3.05%, resulting in proceeds to Barclays of 96.95% ($6,786,500). The notes may be automatically called quarterly starting about six months after issuance if each index closes at or above its Call Value (100% of its initial value); the Redemption Price equals $1,000 plus a Call Premium based on a $110 per $1,000 periodic rate (11.00% per annum). A 75.00% Barrier applies at maturity: if not called and the least performing index finishes below its Barrier, repayment is reduced one‑for‑one with the index decline, up to full principal loss.
Initial values: RTY 2,464.780 (Barrier 1,848.59); SX5E 5,669.13 (Barrier 4,251.85). The issuer’s estimated value is $951.40 per note on the Initial Valuation Date. The notes are unsecured, not listed, and are subject to U.K. Bail‑in Power.
Barclays Bank PLC priced $2,565,000 of Capped Leveraged Buffered S&P 500 Index‑Linked Global Medium‑Term Notes, Series A, due June 16, 2027. The notes pay no interest and return at maturity depends on S&P 500 performance from the trade date (November 5, 2025) to the determination date (June 14, 2027).
Key terms: 150.00% upside participation, subject to a cap at a maximum settlement amount of $1,171.15 per $1,000 (cap level 111.41% of the initial level). A 10.00% buffer applies: if the final index level falls up to 10% from the initial level of 6,796.29, repayment is the $1,000 face amount; below that, losses increase approximately 1.1111% for each 1% drop past the buffer. 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% of face; agent’s commission 1.59%; proceeds to Barclays of 98.41% ($2,524,216.50). Barclays Capital Inc. has committed to purchase all notes and may make a market but is not obligated to do so.
Barclays Bank PLC filed a 424B2 pricing supplement for a primary offering of $1,200,000 in unsecured, unsubordinated notes linked to the Nasdaq‑100, Russell 2000, and S&P 500. The notes pay a contingent coupon of $30.50 per $1,000 (12.20% per annum) for any Observation Period in which no Coupon Barrier Event occurs.
A Coupon Barrier Event occurs if any underlier’s closing value falls below 70% of its Initial Underlier Value on any scheduled trading day in that period. At maturity, if not called and the Least Performing Underlier is at or above 60% of its initial value, holders receive $1,000 per note plus any coupon; otherwise, repayment is $1,000 + ($1,000 × Underlier Return), which can result in losing a significant portion or all of principal.
Barclays may redeem at its discretion on any coupon date after roughly three months for $1,000 per note plus any due coupon. Denomination is $1,000; Price to Public 100%, agent commission 0.20%, proceeds to issuer 99.80%. The notes are not listed and are subject to U.K. Bail‑in Power. Key dates: Issue Nov 10, 2025; Final Valuation Nov 6, 2028; Maturity Nov 10, 2028.
Barclays Bank PLC filed a 424B2 pricing supplement for unsecured, unsubordinated notes offering contingent quarterly coupons linked to three equities: Dollar Tree (DLTR), Zillow Group Class C (Z), and Zoom Video Class A (ZM). The notes pay a $23.00 contingent coupon per $1,000 (9.20% per annum; 2.30% per quarter) on each Observation Date only if the Closing Value of each underlier is at or above its Coupon Barrier Value.
Initial underlier values were set on November 5, 2025: DLTR $104.92 (barrier $52.46), Z $73.03 (barrier $36.52), ZM $83.57 (barrier $41.79). The notes may be automatically redeemed on an Observation Date (other than final) if each underlier is at or above its initial value, returning $1,000 plus the coupon. At maturity, repayment depends on the worst performer relative to its 50% barrier and whether the best performer is at or above its initial value; investors can lose a significant portion or all principal.
Denomination is $1,000; price to public 100%, agent’s commission 0.25%, proceeds to issuer 99.75%. Payments are subject to Barclays’ credit and the U.K. Bail‑in Power. The notes will not be listed on a U.S. exchange.
Barclays Bank PLC is offering Capped GEARS, unsecured notes linked to the SPDR S&P 500 ETF Trust (SPY) maturing on or about December 1, 2026. The notes provide 1.25x leveraged upside to any positive Underlying Return, capped by a Maximum Gain set on the Trade Date within 11.80%–12.80%. If the Underlying Return is zero, investors receive the $10 principal per Security; if negative, repayment is reduced at a 0.75 rate for each 1% decline, for a loss of up to 75% of principal.
The Initial Issue Price is $10.00 per Security, with a $0.125 underwriting discount and $9.875 in proceeds to Barclays. Minimum investment is $1,000 (100 Securities). Key dates: Trade Date November 12, 2025; Settlement November 17, 2025; Final Valuation November 27, 2026; Maturity December 1, 2026. The notes pay no interest, will not be listed on any exchange, and payments are subject to Barclays’ credit and consent to the exercise of any U.K. Bail-in Power. Barclays expects the estimated value on the Trade Date to be less than the initial issue price.
Barclays Bank PLC is offering AutoCallable Notes linked to the least performing of the S&P 500, Nasdaq‑100 and Dow Jones Industrial Average, maturing on November 17, 2028.
The notes may redeem early if, on any call valuation date, each index is at or above its Call Value (100% of initial), paying the Redemption Price of $1,000 plus a Call Premium equal to the Periodic Call Premium of $127.50 per $1,000 (12.75% per annum) multiplied by the number of years, rounded to the nearest half‑year. If held to maturity without an automatic call, repayment of $1,000 occurs only if the least performing index finishes at or above its Barrier Value (70% of initial); otherwise, principal is reduced one‑for‑one with the index decline, up to a total loss.
The price to public is 100% of face value; agent’s commission is 0.80%, for issuer proceeds of 99.20% per note. Barclays’ estimated value is expected to be $913–$973 per $1,000 at pricing. Minimum denomination is $1,000. The notes are unsecured, unsubordinated obligations of Barclays, subject to the U.K. Bail‑in Power, and will not be listed.
Barclays Bank PLC filed a preliminary pricing supplement for Buffered Callable Contingent Coupon Notes maturing November 12, 2027, linked to the least performing of Uber (UBER), Waste Management (WM) and Dell Technologies (DELL). The notes pay a contingent coupon of $67.50 per $1,000 (27.00% per annum) on scheduled dates only if each stock closes at or above its coupon barrier (75% of its initial value). Barclays may redeem the notes, in whole, on specified call dates after roughly six months at $1,000 plus any due coupon.
Principal is buffered 25% at maturity; below that, losses increase at a 1.333333x downside leverage, up to total loss. Initial values: UBER $92.12 (barrier/buffer $69.09), WM $199.62 ($149.72), DELL $149.18 ($111.89). The notes are unsecured, unsubordinated obligations subject to U.K. Bail‑in Power, will not be listed, and price to the public at 100% with agent’s commission shown as 0.00%. Barclays’ estimated value on the initial valuation date is expected between $929.40 and $979.40 per $1,000.
Barclays Bank PLC plans to issue floating rate notes linked to Compounded SOFR, due December 14, 2026. The interest rate each period will be the lesser of (a) Compounded SOFR plus a 0.41% spread and (b) the 4.50% maximum, and is subject to a 0.50% minimum. Interest is paid quarterly in arrears on the 14th of February, May, August, and November, beginning February 14, 2026. The notes are issued at 100% of principal in minimum denominations of $1,000, will settle through DTC in book-entry form, and will not be listed on any U.S. exchange.
At maturity, investors are scheduled to receive 100% of principal, subject to the creditworthiness of Barclays Bank PLC and the exercise of any U.K. Bail-in Power by the relevant U.K. resolution authority. The preliminary pricing shows an agent’s commission of 0.10% (up to $1.00 per $1,000), with proceeds to the issuer of 99.90%. The calculation uses a 30/360 day count and a “following, unadjusted” business day convention. The filing emphasizes risks tied to SOFR variability, the interest rate cap and floor, limited liquidity, issuer credit risk, and potential benchmark transition provisions.
Barclays Bank PLC announced a preliminary pricing supplement for Phoenix AutoCallable Notes due November 24, 2028, linked to Palantir Technologies Inc. Class A common stock. The notes offer a contingent coupon of $15.917 per $1,000 each month (19.10% per annum) when the stock’s closing value is at or above the Coupon Barrier set at 60.00% of the Initial Value. They are automatically callable on scheduled dates starting about six months after issuance if the stock is at or above 100.00% of the Initial Value.
At maturity, if not called, investors receive $1,000 per note if the Final Value is at or above the Barrier set at 50.00% of the Initial Value; otherwise, repayment declines one-for-one with the stock’s loss from the Initial Value, up to a total loss of principal. The notes price at 100.00% of face; the selling agent’s commission is 2.85% and proceeds to Barclays are 97.15% per note. The estimated value on the Initial Valuation Date is expected between $874.40 and $934.40 per $1,000. The notes are unsecured, will not be listed, and include consent to potential U.K. Bail-in Power.
Barclays Bank PLC filed a preliminary pricing supplement for AutoCallable Contingent Coupon Notes due May 20, 2027, linked to the least performing of the S&P 500, Russell 2000, and Nasdaq‑100 indices.
The notes pay a contingent coupon of $15.625 per $1,000 (6.25% per annum) on scheduled dates only if each index is at or above its Coupon Barrier (75% of its Initial Value). They are subject to Automatic Call on set dates if each index is at or above its Call Value (91.50% of Initial). If not called, principal is repaid at maturity only if the least performing index finishes at or above its Initial Value, or if below Initial but no Knock‑In Event (any close below 70% Barrier) occurred. If a Knock‑In Event occurs and the least performer ends below Initial, repayment is reduced one‑for‑one with that index’s decline, up to total loss.
Key terms include $1,000 minimum denomination; Issue Date November 19, 2025; Final Valuation May 17, 2027. Price to public is 100% per note; agent commission 2.50%; proceeds to issuer 97.50%. Estimated value on pricing is expected between $915.30 and $965.30 per note. The notes are unsecured and subject to U.K. Bail‑in Power and will not be listed.