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iPath Select MLP ETN 424B Filings

ATMP BATS

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.

Rhea-AI Summary

Barclays Bank PLC filed a 424B2 pricing supplement for S&P 500-linked Digital Buffered Notes due November 27, 2026, referencing the S&P 500 Index (SPX). If the Final Underlier Value is at or above the Buffer Value, holders receive a fixed Digital Return of at least 8.55%, paying at least $1,085.50 per $1,000 at maturity (actual rate set on the pricing date). If the Final Underlier Value is below the Buffer Value, losses apply on a leveraged basis.

The notes feature a 10% Buffer (Buffer Value equals 90% of the Initial Underlier Value) and a Downside Leverage Factor of 1.11111, meaning a 1% decline below the buffer reduces principal by about 1.11111%. Key dates: Final Valuation Date November 23, 2026; Calculation Agent is Barclays Bank PLC.

Per-note economics: Price to public 100%, agent’s commission 1%, proceeds to issuer 99%. The notes are unsecured and unsubordinated, will not be listed, and include consent to the U.K. Bail-in Power. Special tax counsel opines they are reasonably treated as prepaid forward contracts; Section 871(m) is not expected to apply based on current determinations.

Rhea-AI Summary

Barclays Bank PLC issued ZM-linked Auto-Callable Contingent Interest Notes under its Global Medium-Term Notes program. The total offering size is $3,911,000 at 100% of face value, with a 1% agent’s commission and proceeds to Barclays of $3,871,890. The notes reference the Class A common stock of Zoom Communications, Inc. (ZM) and may be automatically called on any Observation Date if the closing price is at or above the Initial Underlier Value.

Holders receive a Contingent Coupon of $34.20 per $1,000 note on any Observation Date that the Underlier is at or above the Coupon Barrier of $61.06, which is 70.00% of the Initial Underlier Value of $87.23. If not called and the Final Underlier Value is at or above the Trigger Value of $61.06, investors receive principal plus the Contingent Coupon and any unpaid coupons at maturity on November 19, 2026. If the Final Underlier Value is below the Trigger Value, repayment equals $1,000 × (1 + Underlier Return), exposing investors to downside and potential full loss of principal.

The notes are unsecured, unsubordinated obligations, not listed on any U.S. exchange, and include express U.K. Bail-in Power consent. Observation Dates are Feb 17, May 18, Aug 17, and Nov 16, 2026, with related coupon/call settlements immediately following.

Rhea-AI Summary

Barclays Bank PLC plans to offer Phoenix AutoCallable Notes due November 29, 2028, linked to the least performing of the Dow Jones Industrial Average, Russell 2000 Index and Nasdaq-100 Index. The notes pay a contingent coupon of $6.25 per $1,000 (0.625% monthly; 7.50% p.a.) only if each index is at or above its Coupon Barrier Value (75% of initial) on the relevant observation date.

The notes can be automatically called on scheduled dates starting about one year after issuance if each index is at or above its Call Value (95% of initial). If not called, at maturity you receive $1,000 per note if the Least Performing index is at or above its Barrier Value (70% of initial); otherwise, repayment falls one-for-one with that index’s decline, up to a 100% loss.

Denomination is $1,000. Pricing shows Price to public 100%, Agent’s commission 3%, and Proceeds to issuer 97%. The issuer’s estimated value is expected between $883.20 and $943.20 per note. The notes are unsecured and unsubordinated, not listed, and are subject to the U.K. Bail-in Power.

Rhea-AI Summary

Barclays Bank PLC is offering Buffered Performance Leveraged Upside Securities linked to the S&P 500 Index, maturing on January 20, 2027. These principal-at-risk notes pay no interest and are issued at $1,000 per note.

At maturity, if the index rises, holders receive principal plus 150% of the index return, capped at a maximum payment of at least $1,121.50 per note. If the index is flat to down within a 5% buffer, repayment is $1,000. If the index falls by more than 5%, repayment declines 1% for each 1% drop beyond the buffer, with a minimum payment of $50 per note.

Per-note economics: price to public $1,000; agent’s commissions $17.50 and $5.00; proceeds to issuer $977.50. The notes will not be listed. Payments are unsecured obligations of Barclays and are subject to the U.K. Bail-in Power. Barclays expects the estimated value on the pricing date to be less than the initial issue price.

Rhea-AI Summary

Barclays Bank PLC is offering unsecured, unsubordinated notes linked to the S&P 500 Index that pay no interest and limit both gains and losses. The notes provide unleveraged upside to index appreciation, capped at a Maximum Upside Return of 20.00% (maximum payment of $1,200.00 per $1,000 note), and a positive return for declines up to the 20.00% Buffer. If the index falls more than the buffer, investors absorb losses beyond 20%, up to an 80.00% loss of principal at maturity.

Key terms include: Initial Valuation Date October 31, 2025, Issue Date November 5, 2025, Final Valuation Date July 31, 2028, and Maturity Date August 3, 2028. The Initial Underlier Value is 6,840.20 and the Buffer Value is 5,472.16. Denomination is $1,000; agent’s commission is 0.80% (proceeds to issuer 99.20%). The notes will not be listed and are subject to the U.K. Bail-in Power.

Total initial offering shown is $513,000. Repayment depends on the S&P 500 performance and Barclays’ credit; there is no third‑party guarantee.

Rhea-AI Summary

Barclays Bank PLC is offering Phoenix AutoCallable Notes due December 2, 2027, linked to the least performing of Oracle (ORCL), Meta Platforms (META) and Bank of America (BAC). The Notes pay a contingent monthly coupon of $16.25 per $1,000 (1.625%, 19.50% per annum) on any Observation Date only if the closing value of each reference stock is at or above its Coupon Barrier, set at 60.00% of its Initial Value. The Notes may be automatically called on scheduled Call Valuation Dates if each stock is at or above 100.00% of its Initial Value, returning $1,000 plus the applicable coupon.

If not called, at maturity you receive $1,000 per Note if the least performing stock finishes at or above its 60.00% Barrier. Otherwise, repayment is reduced one‑for‑one with the decline in that stock, and Barclays may elect physical settlement in shares based on the Initial Value; you can lose up to 100% of principal. Denomination is $1,000. Price to public is 100.00%, agent’s commission 3.25%, and proceeds to Barclays 96.75% per Note. Barclays’ estimated value is expected between $891.70 and $941.70 per Note. The Notes are unsecured obligations, not listed, and are subject to the U.K. Bail‑in Power.

Rhea-AI Summary

Barclays Bank PLC filed a preliminary 424(b)(2) pricing supplement for Phoenix AutoCallable Notes due November 29, 2028, linked to the least performing of the Dow Jones Industrial Average, Russell 2000 Index and Nasdaq‑100 Index.

The notes pay a 7.00% per annum contingent coupon ($5.833 per $1,000 monthly) only if each index is at or above its Coupon Barrier on the observation date. They may be automatically called if, on a call date, each index is at or above 90% of its Initial Value. If not called, at maturity investors receive par if the least performing index is at or above its 70% Barrier; otherwise repayment is reduced 1:1 with that index’s loss, up to a total loss of principal.

Initial issue price is $1,000 per note; agent commission 3.00% and issuer proceeds 97.00%. The issuer’s estimated value is expected between $885.50 and $945.50 per $1,000. The notes are unsecured obligations of Barclays, will not be listed, and are subject to the U.K. Bail‑in Power.

Rhea-AI Summary

Barclays Bank PLC is offering Phoenix AutoCallable Notes linked to the Dow Jones Industrial Average, Russell 2000, and Nasdaq‑100. The notes pay a $6.25 contingent coupon per $1,000 (7.50% per annum) on scheduled dates only if each index is at or above its Coupon Barrier Value (75% of Initial).

The notes may be automatically called on set dates if each index is at or above its Call Value (100% of Initial), returning $1,000 plus the applicable coupon. If not called, at maturity you receive $1,000 if the Least Performing index is at or above its Barrier Value (70% of Initial); otherwise, repayment falls in line with that index’s decline, up to a total loss of principal.

Key terms include a $1,000 minimum denomination, Issue Date November 19, 2025, and Maturity Date November 17, 2028. Pricing shows a 3.00% agent commission and 97.00% proceeds to Barclays per note, with an estimated value range of $878.60–$938.60. Payments are subject to Barclays Bank PLC credit and the U.K. Bail-in Power. The notes will not be listed on an exchange.

Rhea-AI Summary

Barclays Bank PLC filed a 424B2 pricing supplement for unsecured index-linked notes tied to the NDX, RTY, and SPX indices. The Notes pay no interest and return a fixed amount at maturity only if the Least Performing Underlier is at or above its Barrier Value.

If the Least Performing Underlier’s Final Value is at least 60.00% of its Initial Value, each $1,000 Note pays $1,000 + ($1,000 × 10.25%) = $1,102.50. If it is below the Barrier, repayment equals $1,000 plus $1,000 times the Underlier Return of the Least Performing Underlier, exposing holders to significant loss up to 100% of principal.

Key terms: Initial Valuation Date October 31, 2025; Issue Date November 5, 2025; Final Valuation Date April 30, 2027; Maturity Date May 5, 2027. Price to public 100% of $1,000 denomination; agent’s commission 0.70%; proceeds to issuer 99.30%. Total issuance shown is $1,191,000. The Notes are unsecured obligations, not listed, subject to Barclays’ credit risk and consent to the U.K. Bail-in Power.

Rhea-AI Summary

Barclays Bank PLC filed a preliminary pricing supplement for Phoenix AutoCallable Notes due December 2, 2027, linked to the least performing of AMZN, AVGO and C. The notes pay a $15 contingent coupon per $1,000 when all three close at or above their coupon barriers on observation dates, equal to 18.00% per annum. They may be automatically called if each stock is at or above its Call Value (100% of Initial Value) on specified dates; otherwise they continue.

At maturity, if not called, investors receive $1,000 per note if the least performing stock is at or above its Barrier (60% of Initial Value); otherwise repayment tracks the negative return of the least performer, with a potential physical settlement option in shares. The notes are unsecured, not listed, and subject to U.K. Bail-in Power. Pricing terms include Price to public 100%, agent commission 3.25%, and proceeds to issuer 96.75%. Barclays’ estimated value is expected between $890.40 and $940.40 per $1,000 note.

Rhea-AI Summary

Barclays Bank PLC plans a primary offering of AutoCallable Notes due November 29, 2028, linked to the least performing of the S&P 500, Russell 2000 and Nasdaq‑100. The notes are issued in $1,000 denominations, with automatic call checks beginning about one year after issuance and on scheduled semiannual dates.

If called, holders receive $1,000 plus a call premium based on a $100–$110 per $1,000 periodic rate (10.00%–11.00% per annum). If not called, principal is repaid at maturity only if the least performing index is at or above its 75.00% barrier; otherwise, repayment is reduced one‑for‑one with that index’s decline. The call trigger for redemption is set at 90.00% of the initial value for each index.

The notes are unsecured, unsubordinated obligations of Barclays Bank PLC and are subject to the exercise of any U.K. Bail‑in Power. They will not be listed on a U.S. exchange. Pricing shows a 2.50% selling commission (proceeds to issuer 97.50% per note) and an estimated value of $906.30–$966.30 per $1,000 on the initial valuation date.

Rhea-AI Summary

Barclays Bank PLC is offering Performance Leveraged Upside Securities (PLUS) linked to the Russell 2000 Index, due December 3, 2026. The notes pay no interest and expose principal to market risk. The aggregate principal amount is $5,211,000 at $1,000 per note.

At maturity, if the final index level exceeds the initial level of 2,479.381, holders receive $1,000 plus 300% of the index gain, capped at a maximum payment of $1,180.50 per note. If the final level is at or below the initial level, repayment equals $1,000 multiplied by the index performance factor, resulting in dollar-for-dollar losses that can reach zero. The notes are unsecured obligations of Barclays and are subject to the U.K. Bail-in Power.

Key terms include: pricing date October 31, 2025, original issue date November 5, 2025, valuation date November 30, 2026, and maturity December 3, 2026. The notes are not exchange-listed. Per note economics: price to public $1,000; agent and other selling commissions total $22.50 per note, for issuer proceeds of $977.50 per note, or $5,093,752.50 in total.

Rhea-AI Summary

Barclays Bank PLC is offering Buffered Autocallable Notes linked to the least performing of the Russell 2000, Nasdaq‑100 and Dow Jones Industrial Average. The notes are issued in $1,000 denominations and can be automatically called on scheduled dates if each index is at or above its initial level, paying $1,000 plus a call premium based on an 11.65% per annum rate ($116.50 per $1,000 per year).

If not called, principal is protected only down to a 20% buffer. Below that, repayment is reduced 1% for each 1% decline beyond −20%, with up to 80% loss of principal. The initial issue price is $1,000 per note; proceeds to Barclays are 99.40% per note after a 0.60% agent commission (Barclays Capital Inc. may receive up to $6 per $1,000). Barclays’ estimated value on the pricing date is expected to be $896–$976 per note. The notes are unsecured obligations, subject to U.K. Bail‑in Power, and will not be listed on any U.S. exchange.

Rhea-AI Summary

Barclays Bank PLC filed a pricing supplement for unsecured, SPX-linked Digital Return Notes under its Global Medium‑Term Notes program. The notes offer a fixed payoff if the S&P 500 Index is at or above a buffer level at maturity, and leveraged downside if it falls below.

If the Final Underlier Value is at or above the Buffer Value (85% of the initial level), the notes pay a fixed Digital Return of at least 7.21% at maturity. If the Final Underlier Value is below the buffer, losses apply at a 1.17647x rate to the decline beyond the 15% buffer, which can result in loss of principal. The Final Valuation Date is November 23, 2026 and the Maturity Date is November 27, 2026.

The notes will not be listed on any U.S. exchange. They are subject to U.K. Bail‑in Power and depend on the credit of Barclays Bank PLC. Per‑note economics show a price to public of 100%, agent’s commission of 1%, and proceeds to Barclays of 99%.

Rhea-AI Summary

Barclays Bank PLC is offering unsecured, unsubordinated structured notes linked to COIN, HOOD, and UPST with a 27.00% per annum contingent coupon ($22.50 per $1,000 monthly) when, on an Observation Date, the Closing Value of each underlier is at or above its Coupon Barrier Value (50% of its Initial Value). The notes may be automatically redeemed starting on the sixth Observation Date if each underlier is at or above its Initial Value, paying $1,000 plus the current and any unpaid contingent coupons.

Initial values/barriers: COIN $343.78/$171.89; HOOD $146.78/$73.39; UPST $47.52/$23.76. Denominations are $1,000 minimum. Key dates: Initial Valuation Oct 31, 2025, Issue Nov 5, 2025, Final Valuation Oct 31, 2028, Maturity Nov 3, 2028. Total initial issue: $1,705,000.00; agent commission 1.25%; proceeds to Barclays 98.75% ($1,683,687.50). If not called, principal is protected only if the least performing underlier finishes at or above its Barrier Value, or if the best performing underlier finishes at or above its Initial Value; otherwise, repayment is reduced 1:1 with the least performer’s decline. Payments depend on Barclays’ credit and consent to potential U.K. Bail‑in Power; the notes will not be listed.

Rhea-AI Summary

Barclays Bank PLC is offering unsecured, unsubordinated Contingent Coupon Barrier Notes linked to the Russell 2000 Index and S&P 500 Index. The notes pay a contingent coupon of $35.75 per $1,000 (7.15% per annum; 3.575% semiannually) only if, on each Observation Date, the Closing Value of each index is at or above its Coupon Barrier Value (75.00% of its Initial Underlier Value).

Initial values: RTY 2,479.381 (barrier and coupon barrier 1,859.54) and SPX 6,840.20 (barrier and coupon barrier 5,130.15). If at maturity the Lesser Performing Underlier is at or above its Barrier Value, holders receive $1,000 per note plus any contingent coupon; otherwise, repayment equals $1,000 plus $1,000 × Underlier Return of the Lesser Performing Underlier, which can result in a loss up to 100% of principal.

Pricing terms: $1,000 per note; total initial issue price $1,377,000; agent’s commission 3.30%; proceeds to Barclays 96.70% ($1,331,559). Key dates: Initial Valuation October 31, 2025, Issue November 5, 2025, Final Valuation October 31, 2028, Maturity November 3, 2028. Holders consent to potential U.K. Bail‑in Power.

Rhea-AI Summary

Barclays Bank PLC filed a 424B2 pricing supplement for unsecured notes linked to the Barclays US Tech Accelerator 6% Decrement USD ER Index. The notes offer a Contingent Coupon of $14.167 per $1,000 (17.00% per annum) on each Observation Date when the Index’s Closing Value is at or above the Coupon Barrier Value of 25,136.74 (60% of the Initial Underlier Value). Beginning with the sixth Observation Date, the notes are automatically redeemed if the Index is at or above the Initial Underlier Value of 41,894.56, returning $1,000 plus the applicable coupon.

If not redeemed early, maturity on November 5, 2030 pays $1,000 plus the coupon if the Final Underlier Value is at or above the Barrier Value of 25,136.74; otherwise, repayment equals $1,000 + ($1,000 × Underlier Return), risking substantial or total loss of principal. The Index carries a 6% per annum decrement and variable exposure of 100%–400% to a Nasdaq‑100 futures excess return index, which can drag performance and magnify losses. The offering size is $17,000 (Price to Public 100%), with a 1.00% agent’s commission and 99.00% proceeds. The notes are not exchange‑listed and are subject to the U.K. Bail‑in Power.

Rhea-AI Summary

Barclays Bank PLC filed a preliminary pricing supplement for AutoCallable Contingent Coupon Notes due November 24, 2028, linked to the least-performing of Alphabet Class A (GOOGL) and NVIDIA (NVDA).

The notes pay $30.70 per $1,000 (3.07% per period, based on a 12.28% per annum rate) on scheduled dates only if each stock is at or above its Coupon Barrier of 50.00% of Initial Value. They are automatically called if, on a Call Valuation Date (after roughly three months), each stock is at or above 100.00% of Initial Value, paying the Redemption Price plus any due coupons.

If not called, at maturity investors receive $1,000 per note if the least-performing stock is at or above its 50.00% Barrier; otherwise, principal is reduced 1-for-1 with the downside of the least performer, up to a 100.00% loss. Price to public is 100.00%, with a 2.00% agent commission and 98.00% proceeds to the issuer. The estimated value is expected between $901.70 and $961.70 per $1,000 note. Minimum denomination is $1,000. The notes are unsecured, not listed, and subject to the U.K. Bail-in Power.

Rhea-AI Summary

Barclays Bank PLC filed a pricing supplement for $1,958,000 of Phoenix AutoCallable Notes due November 4, 2027, linked to the least performing of Affirm (AFRM), NVIDIA (NVDA) and CrowdStrike (CRWD). The notes are issued at $1,000 each, pay a 27.50% per annum contingent coupon (2.2917% per month) only when each stock closes at or above its coupon barrier, and may be automatically called if all are at or above their initial values on a call date.

The issuer’s proceeds are 96.75% (agent commission 3.25%), totaling $1,894,365. Initial values and thresholds: AFRM $71.88 (barrier 50%, coupon barrier 60%), NVDA $202.49 (50%/60%), CRWD $543.01 (50%/60%). At maturity, if not called and the least performing stock is at or above its barrier, holders receive $1,000; otherwise losses match the downside of the worst stock, with possible physical share delivery per disclosed share amounts. The estimated value is $920.70 per note, the notes are unsecured, not listed, and subject to U.K. Bail-in Power and Barclays’ credit risk.

Rhea-AI Summary

Barclays Bank PLC priced $678,000 of Global Medium‑Term Notes, Series A, due November 5, 2030, linked to the least performing of the S&P 500 Index and the Dow Jones Industrial Average. The initial valuation date is October 31, 2025 and the issue date is November 5, 2025.

At maturity, each $1,000 note pays $1,000 plus the lesser of the least‑performing index’s return or a 50.00% maximum return (capped at $1,500 per $1,000). If the least‑performing index ends below its initial value, the payment is $1,000. The notes pay no coupons, are unsecured and unsubordinated obligations of Barclays Bank PLC, and are subject to the U.K. Bail‑in Power. They will not be listed on any U.S. exchange. Price to public is 100.00% per note; total agent’s commission is $4,570, with proceeds to Barclays of $673,430. Minimum denomination is $1,000. Initial index values: SPX 6,840.20; INDU 47,562.87.

Rhea-AI Summary

Barclays Bank PLC filed a preliminary 424(b)(2) for AutoCallable Notes due November 21, 2030, linked to the least performing of the Russell 2000, Dow Jones Industrial Average, and S&P 500. The notes offer a Periodic Call Premium of $65 per $1,000 (6.50% per annum) if automatically called when each index is at or above 90% of its Initial Value on scheduled call dates after roughly one year. If held to maturity without an automatic call, repayment depends on the worst-performing index: full principal if it finishes at or above 70% of its Initial Value, or a loss matching the decline below 70%.

The notes are unsecured, unsubordinated obligations of Barclays and are subject to the consented U.K. Bail-in Power. Minimum denomination is $1,000. Pricing shows a 3.75% agent commission and 96.25% proceeds to the issuer per note. Barclays’ estimated value is expected between $862.50 and $942.50 per $1,000 at pricing. The first possible call is November 17, 2026; the notes will not be listed on any U.S. exchange.

Rhea-AI Summary

Barclays Bank PLC is offering Phoenix AutoCallable Notes due December 2, 2027 linked to the least performing of FedEx (FDX), Eli Lilly (LLY) and UnitedHealth (UNH). The notes pay a contingent coupon of $13.458 per $1,000 (1.3458% based on a 16.15% per annum rate) on scheduled dates only if the closing value of each reference asset is at or above its coupon barrier.

The notes are subject to automatic call on specified dates if each asset is at or above 100.00% of its Initial Value. Both the coupon barrier and the downside barrier are set at 60.00% of Initial Value. If not called and the least performing finishes below its barrier, repayment is reduced one-for-one with the decline, and Barclays may deliver shares (physical settlement) of the least performing asset as described. The notes price at 100.00% of principal; the agent’s commission is 3.25%, with issuer proceeds of 96.75%. These are unsecured, unsubordinated obligations subject to U.K. Bail-in Power and will not be listed.

Rhea-AI Summary

Barclays Bank PLC priced $2,432,000 of Callable Contingent Coupon Notes due November 3, 2028, linked to the least performing of the S&P 500, Russell 2000, and Nasdaq‑100. The notes pay a 9.25% per annum contingent coupon, or $7.708 per $1,000 monthly, only if each index is at or above its 70% Coupon Barrier on observation dates. Barclays may redeem the notes, in whole, on specified call dates (no earlier than ~three months after issuance) at $1,000 per note plus any due coupon.

At maturity, if not called, investors receive $1,000 per note if the least performing index is at or above its 70% Barrier; otherwise, repayment falls in line with the index decline and can be as low as $0. Initial index levels: SPX 6,840.20; RTY 2,479.381; NDX 25,858.13. The initial issue price is $1,000 per note, the estimated value is $977.10, the agent’s commission is up to 0.80%, and proceeds to Barclays total $2,419,215.50. The notes are unsecured, not listed, and investors consent to potential U.K. Bail‑in Power.

Rhea-AI Summary

Barclays Bank PLC is offering $171,000 of unsecured, unsubordinated Digital Barrier Notes linked to the Nasdaq‑100, Russell 2000, and S&P 500. Denominations are $1,000. The Notes are issued on November 5, 2025 and mature on May 5, 2027.

At maturity, if the Least Performing Underlier is at or above its Barrier Value (70% of its initial level), holders receive $1,130 per $1,000 note (a fixed 13.00% return). If it is below the barrier, repayment equals $1,000 plus $1,000 times the Underlier’s return, exposing investors to full downside of the weakest index. Initial underlier values and barriers are set on October 31, 2025.

The Notes do not pay interest or dividends, will not be listed, and entail issuer credit risk and consent to the U.K. Bail‑in Power. Pricing shows a 0.55% agent commission (99.45% proceeds to Barclays).

Rhea-AI Summary

Barclays Bank PLC priced $222,000 of unsecured, unsubordinated AutoCallable Notes due November 3, 2028, linked to the least performing of the Dow Jones Industrial Average, Russell 2000 Index and Nasdaq-100 Index.

The notes may be automatically called on scheduled dates if each index is at or above its Call Value (100% of Initial Value), paying $1,000 plus a Call Premium of $120 per $1,000 for each full year elapsed (12% per annum, rounded to the nearest half-year). If not called, at maturity investors receive $1,000 if the least performing index is at or above its Barrier Value (60% of Initial Value), otherwise principal is reduced one-for-one with the index decline; investors can lose up to 100% of principal.

The issue price is $1,000 per note, with an agent’s commission of 0.80% and proceeds to Barclays of 99.20% ($220,740). Barclays’ estimated value on the initial valuation date is $962.10 per note. The notes are not listed and are subject to the U.K. Bail-in Power.

Rhea-AI Summary

Barclays Bank PLC is offering $1,056,000 of Phoenix AutoCallable Notes due November 4, 2027, linked to the least performing of META, INTC, and TSLA. The notes pay a contingent coupon of $19.167 per $1,000 (23.00% per annum) on scheduled dates only if each stock is at or above its Coupon Barrier (60% of its Initial Value). The notes are automatically called if, on any Call Valuation Date, each stock is at or above its Call Value (100% of Initial Value).

At maturity, if not called, you receive $1,000 per note if the Least Performing stock is at or above its Barrier (50% of Initial Value); otherwise, your payoff tracks that stock’s decline, with potential loss up to 100%. Barclays may elect physical settlement using preset share amounts (e.g., META 1 share + 0.54238 fractional; INTC 25 + 0.00625; TSLA 2 + 0.19029). Initial Values: META $648.35, INTC $39.99, TSLA $456.56. Price to public: 100.00%; agent commission 3.25%; proceeds to issuer 96.75%. Estimated value: $927.70 per $1,000. The notes are unsecured, unsubordinated, and subject to U.K. Bail‑in Power.

Rhea-AI Summary

Barclays Bank PLC is offering $352,000 of Global Medium‑Term Notes, Series A, due November 5, 2030, linked to the S&P 500 Index (SPX). Denominations are $1,000 per note, issued at $1,000.

At maturity, holders receive $1,000 plus upside equal to the S&P 500 return, capped at a Maximum Return of 38.00% (i.e., $1,380 per $1,000 note) if the final index level is at or above the initial level. If the final index level is below the initial level, payment is $1,000 per $1,000 note. There are no periodic coupons.

The initial valuation date is October 31, 2025 with an initial SPX level of 6,840.20. The notes are unsecured, unsubordinated obligations, subject to the U.K. Bail‑in Power, and will not be listed on a U.S. exchange. The agent’s commission is 0.925% ($2,318 total), and issuer proceeds are 99.075% ($349,682 total). Barclays’ estimated value is $977.30 per note on the initial valuation date.

Rhea-AI Summary

Barclays Bank PLC is offering Market Linked Securities linked to the S&P 500 Index, due May 4, 2028. Each $1,000 security provides 100% upside participation to an 18.50% maximum upside return ($1,185 cap per security) and features a 15% buffer with a contingent absolute return if the ending level is at or below the starting level but at or above the threshold.

The starting level is 6,840.20, threshold level 5,814.17 (85% of starting), and payments at maturity depend on index performance. If the ending level falls below the threshold, investors can lose up to 85% of principal. The offering shows a per-security agent discount of $25.70 and proceeds to the issuer of $974.30 per security; aggregate figures are $2,039,000 original offering price, $52,402.30 agent discount, and $1,986,597.70 proceeds.

The notes are unsecured and unsubordinated obligations, not bank deposits, not FDIC or FSCS insured, and are subject to U.K. Bail-in Power. Any payment is subject to the creditworthiness of Barclays Bank PLC.

Rhea-AI Summary

Barclays Bank PLC priced $1,751,000 of Global Medium‑Term Notes, Series A, due November 3, 2028, linked to the S&P 500 Index. The notes pay no coupons and return principal at maturity, with upside capped at a Maximum Return of 19.00%. For each $1,000 note, maturity payment equals $1,000 plus the lesser of the index return or 19%, yielding a maximum of $1,190 per note.

The Initial Value is 6,840.20 (SPX closing level on October 31, 2025); denominations are $1,000 and multiples thereof; issue date is November 5, 2025. Pricing terms show 100.00% price to public, a 0.80% agent’s commission, and 99.20% proceeds to the issuer, totaling $1,740,428 after $10,572 in commissions. Barclays’ estimated value is $980.30 per note on the Initial Valuation Date. The notes are unsecured, not listed, and subject to the U.K. Bail‑in Power and the issuer’s credit.

Rhea-AI Summary

Barclays Bank PLC filed a 424B2 for a primary offering of $11,833,000 in Dual Directional Trigger PLUS linked to the SPDR S&P Metals & Mining ETF (XME), maturing on February 3, 2027.

The notes pay no interest and return depends on XME at maturity: 200% leveraged upside when the final value exceeds the initial value, capped at a maximum payment of $1,221.00 per note; an unleveraged positive return for declines up to 20% (trigger at 80% of the initial value); and 1:1 downside below the trigger. The initial underlier value is $96.59 and the trigger value is $77.27. Notes are unsecured, unsubordinated obligations subject to U.K. Bail-in Power and will not be listed.

Per-note price is $1,000. Commissions total $266,242.50, with issuer proceeds of $11,566,757.50. Morgan Stanley Wealth Management acts as selected dealer; Barclays Capital Inc. is the agent. The valuation date is January 29, 2027.

Rhea-AI Summary

Barclays Bank PLC is offering $4,203,000 of AutoCallable Notes due November 5, 2029, linked to the least performing of the Dow Jones Industrial Average, Russell 2000, and Nasdaq-100.

The notes may be automatically called on scheduled dates starting about one year after issuance if each index is at or above its Call Value (100% of its Initial Value). If called, holders receive $1,000 plus a Call Premium calculated from a $140 per $1,000 Periodic Call Premium (14.00% per annum). At maturity, if not called: repayment is $1,000 if the least performing index is at or above its 70.00% Barrier; otherwise, repayment falls dollar-for-dollar with that index’s decline, up to a total loss.

Pricing: price to public 100.00%, agent’s commission 0.80% and proceeds 99.20% ($4,169,376). The issuer’s estimated value is $970.60 per $1,000 note on the Initial Valuation Date. Payments are subject to Barclays’ credit and consent to potential U.K. Bail-in Power. The notes will not be listed.

Rhea-AI Summary

Barclays Bank PLC filed a pricing supplement for $1,868,000 Phoenix AutoCallable Notes due May 3, 2029, linked to the least performing of the S&P 500, Russell 2000, and Nasdaq-100. The notes offer a 9.00% per annum contingent coupon ($7.50 per $1,000) on Observation Dates only if each index is at or above its Coupon Barrier Value (75% of its Initial Value). The notes are automatically callable (no call for about the first year) if, on a Call Valuation Date, each index is at or above its Call Value (100% of Initial Value).

At maturity, if not called, holders receive $1,000 per note if the Least Performing index is at or above its Barrier Value (70% of Initial Value); otherwise, repayment is reduced one-for-one with the index decline, up to total loss of principal. Initial issue price is $1,000 per note; the issuer’s estimated value is $956.20 per note. Agent’s commission is up to 0.80% (up to $8 per $1,000), with total proceeds to the issuer of $1,858,253. The notes are unsecured, not listed, and subject to Barclays’ credit risk and consent to any U.K. Bail‑in Power.

Rhea-AI Summary

Barclays Bank PLC priced $2,814,000 AutoCallable Notes due November 5, 2029, linked to the least‑performing of the Dow Jones Industrial Average, Russell 2000 Index and Nasdaq‑100 Index. Denominations are $1,000. The notes are unsecured, unsubordinated and not listed.

The notes may be automatically called on scheduled dates from November 2026 through April 2029 and on the final valuation date if each index is at or above its initial level (the “Call Value”). If called, holders receive $1,000 plus a Call Premium of $120 per $1,000 per year elapsed (12.00% per annum), up to $1,480 if called at the final observation. If not called: payment is $1,000 if the least‑performing index is at or above its 70.00% barrier; otherwise, repayment falls one‑for‑one with that index’s decline, down to zero.

Initial values/Call Values/Barrier Values: INDU 47,562.87 / 47,562.87 / 33,294.01; RTY 2,479.381 / 2,479.381 / 1,735.57; NDX 25,858.13 / 25,858.13 / 18,100.69. The estimated value on the initial valuation date is $950.50 per note. Pricing terms: price to public 100.00%, agent’s commission 2.80% ($28 per $1,000), proceeds to issuer 97.20%. Payments are subject to Barclays’ credit and consent to any U.K. Bail-in Power.

Rhea-AI Summary

Barclays Bank PLC is offering $950,000 of AutoCallable Notes due November 4, 2027 linked to the least performing of the Nasdaq-100, Russell 2000, and Dow Jones Industrial Average. The notes may be called if, on a call date, each index meets its call value.

The first call date is October 30, 2026 with 100.00% call barriers; the final call test is on November 1, 2027 with 85.00% barriers. The periodic call premium is $114 per $1,000 (11.40% per annum), leading to redemption prices of $1,114 (year 1) or $1,228 (year 2) per $1,000 if called. Barrier values are 65.00% of each index’s initial value; if the least performing index finishes below its barrier at maturity, repayment is reduced one-for-one with the decline, up to a total loss.

Pricing terms show 100.00% price to public, a 0.40% agent commission ($4 per $1,000), and 99.60% proceeds to the issuer ($946,200). Barclays’ estimated value is $978.10 per note on the initial valuation date. Payments are subject to Barclays’ credit and consent to any U.K. Bail-in Power.

Rhea-AI Summary

Barclays Bank PLC priced $1,556,000 Buffered Supertrack Notes due November 5, 2030, linked to the least‑performing of the S&P 500 Index and the Dow Jones Industrial Average. The notes have a 35.00% buffer: if the least‑performing index finishes at or above its Initial Value, repayment adds the index return; if it ends between the Initial Value and the Buffer Value, repayment is $1,000; if it falls below the Buffer Value, repayment is reduced 1% for each 1% beyond −35%, up to a 65% loss of principal.

The notes are issued in $1,000 denominations with no periodic interest. Pricing: price to public 100.00%, agent’s commission 0.925%, proceeds to issuer 99.075% (total agent’s commission $11,414.50; total proceeds $1,544,585.50). The issuer’s estimated value is $972.60 per note on the Initial Valuation Date. The notes are unsecured and unsubordinated, not listed, and include consent to the exercise of any U.K. Bail‑in Power. Initial index levels: SPX 6,840.20 (buffer 4,446.13) and INDU 47,562.87 (buffer 30,915.87).

Rhea-AI Summary

Barclays Bank PLC is offering $1,560,000 of Phoenix AutoCallable Notes due November 4, 2027, linked to the least performing of CoreWeave (CRWV), Coinbase (COIN), and NVIDIA (NVDA).

The notes pay a contingent coupon of $29.167 per $1,000 (35.00% per annum) on scheduled dates only if each stock is at or above its Coupon Barrier (60% of initial). The notes are auto‑callable monthly commencing about three months after issue if each stock is at or above its Call Value (100% of initial). At maturity, if not called and the least performer is at or above its Barrier (50% of initial), investors receive $1,000 per note; otherwise, repayment is reduced one‑for‑one with the decline of the least performer. Barclays may elect physical settlement (delivery of shares per published Physical Delivery Amounts) if the barrier is breached.

Initial issue price is $1,000 per note; agent commission is 3.25% ($32.50 per note). Proceeds to issuer are 96.75% ($1,509,300). Barclays’ estimated value on the initial valuation date is $862.80 per note. The notes are unsecured, not listed, and subject to U.K. Bail‑in Power.

Rhea-AI Summary

Barclays Bank PLC priced $1,078,000 Phoenix AutoCallable Notes due November 4, 2027, linked to the least performing of Marvell (MRVL), Ford (F) and Delta (DAL). The notes pay a contingent coupon of $16.667 per $1,000 (20.00% per annum) only if each stock is at or above its Coupon Barrier Value (60% of its Initial Value) on observation dates. They are subject to automatic call if, on any call date starting after roughly three months, each stock is at or above its Call Value (100% of Initial Value).

Initial Values/Barriers: MRVL $93.74 (Coupon Barrier $56.24; Barrier $46.87), F $13.13 ($7.88; $6.57), DAL $57.38 ($34.43; $28.69). At maturity, if not called and the least-performing stock is at or above its 50% Barrier, holders receive $1,000 per note; otherwise, repayment is reduced in line with that stock’s decline, and Barclays may deliver shares instead (e.g., MRVL 10 shares; F 76; DAL 17, plus fractional cash).

Price to public: 100.00%; agent’s commission: 3.25% ($35,035); proceeds to Barclays: 96.75% ($1,042,965). The notes are unsecured, not listed, and subject to U.K. Bail-in Power and Barclays’ credit risk. Estimated value on the valuation date is $924.60 per note, below the issue price.

Rhea-AI Summary

Barclays Bank PLC priced $1,749,000 of AutoCallable Notes due November 3, 2028, linked to the least performing of the Dow Jones Industrial Average, Russell 2000, and Nasdaq-100. The notes are issued in $1,000 denominations, with an initial issue price of $1,000 per note.

The pricing includes a 100.00% price to public, a 0.80% agent’s commission, and 99.20% proceeds to Barclays, or $1,738,215 net. Barclays’ estimated value is $962.60 per note. The notes may be automatically called on scheduled dates if each index is at or above its Call Value (100% of initial), paying $1,000 plus a Call Premium of $137.50 per $1,000 for each elapsed year (13.75% per annum, rounded to the nearest half-year). If not called, principal is repaid at maturity only if the least performing index finishes at or above its Barrier Value (70% of initial); otherwise repayment is reduced one-for-one with the decline, up to a total loss.

The notes are unsecured and unsubordinated obligations of Barclays Bank PLC, subject to the consent to U.K. Bail-in Power, and will not be listed on any U.S. exchange.

Rhea-AI Summary

Barclays Bank PLC priced $5,203,000 of Callable Contingent Coupon Notes due November 5, 2030, linked to the least performing of the S&P 500, Russell 2000 and Nasdaq-100 indices. The notes pay a 9.50% per annum contingent coupon ($7.917 per $1,000) only if each index closes at or above its Coupon Barrier (75% of its Initial Value) on the relevant Observation Date, and principal is protected only if at maturity the least performing index is at or above its Barrier (60% of its Initial Value).

The issuer may redeem the notes in whole on scheduled Call Valuation Dates after the first three months, at $1,000 plus any due coupon. Initial index levels were SPX 6,840.20; RTY 2,479.381; NDX 25,858.13. The estimated value was $973.00 per note. Pricing included a 0.925% agent commission ($37,133.50) and issuer proceeds of $5,165,866.50. Payments are unsecured obligations of Barclays and subject to potential exercise of U.K. Bail-in Power.

Rhea-AI Summary

Barclays Bank PLC priced $1,543,000 of Callable Contingent Coupon Notes due November 5, 2030, linked to the least performing of the S&P 500, Russell 2000, and Nasdaq‑100. The notes pay a contingent coupon of $8.333 per $1,000 (10.00% per annum) on scheduled dates only if each index is at or above its 75.00% coupon barrier.

The notes are callable at the issuer’s option (in whole) beginning approximately three months after issuance and may be redeemed on specified call dates at $1,000 per note plus any due coupon. At maturity, if not called, investors receive $1,000 per note if the least performing index is at or above its 70.00% barrier; otherwise, repayment is reduced one‑for‑one with the index decline, up to total loss of principal. The notes are unsecured and unsubordinated obligations, not listed on any exchange, and subject to U.K. Bail‑in Power. Initial issue price is $1,000 per note; estimated value on the valuation date is $972. Agent’s commission is up to 0.925%.

Rhea-AI Summary

Barclays Bank PLC plans to issue Phoenix AutoCallable Notes due December 2, 2027 linked to the least‑performing of Amazon (AMZN), Ford (F) and Wynn Resorts (WYNN). The notes pay a contingent coupon of $13.125 per $1,000 (15.75% p.a.) on scheduled dates only if the closing value of each stock is at or above its Coupon Barrier, set at 60% of its Initial Value. The notes can be called automatically after roughly three months and on later call dates if each stock is at or above 100% of its Initial Value, returning $1,000 plus the applicable coupon.

If not called, at maturity you receive $1,000 per note if the least‑performing stock finishes at or above its 60% Barrier; otherwise your payoff tracks its decline on a 1:1 basis, and you could lose up to 100% of principal. Barclays may elect physical settlement, delivering shares of the least‑performing stock based on defined share amounts. The notes price at 100% of principal; agent commission up to 3.25%. Barclays’ estimated value is $885.20–$935.20 per $1,000. The notes are unsecured obligations subject to U.K. Bail‑in Power and will not be listed.

Rhea-AI Summary

Barclays Bank PLC priced $30,000 of unsecured, unsubordinated notes due August 3, 2028, linked to the Barclays Trailblazer Switch Index (BXIITBS5). The Notes pay no interest. At maturity, each $1,000 Note returns $1,000 plus 3.00× any positive Index return from the Initial Underlier Value to the Final Underlier Value; if the Index ends at or below the initial level, investors receive $1,000.

Key terms: Initial Underlier Value 185.1297 (as of October 31, 2025); Issue Date November 5, 2025; Final Valuation Date July 31, 2028. The Index deducts a 0.85% annual fee and a synthetic financing cost equal to the Effective Federal Funds Rate + 0.25%, which can reduce performance. Pricing: price to public 100%, agent commission 1.25%, proceeds to issuer 98.75% ($29,625). Estimated value is $967.30 per $1,000 on the Initial Valuation Date. The Notes are not listed and are subject to the U.K. Bail-in Power.

Rhea-AI Summary

Barclays Bank PLC is offering $250,000 Phoenix AutoCallable Notes due November 4, 2027, linked to the least performing of Devon Energy (DVN), Walmart (WMT) and Dollar General (DG). The Notes are issued in $1,000 denominations and form part of Barclays’ Global Medium‑Term Notes, Series A.

The Notes pay a contingent coupon of $11.792 per $1,000 (1.1792% per month, 14.15% per annum) only if on an Observation Date each stock is at or above its Coupon Barrier (60% of its Initial Value). They are automatically called if on a Call Valuation Date each stock is at or above its Call Value (100% of Initial Value), paying $1,000 plus any due coupon. At maturity, if not called and the least performer is at or above its Barrier (60%), holders receive $1,000; otherwise repayment is reduced by the least performer’s decline, and Barclays may deliver shares per the stated Physical Delivery Amounts.

The Notes are unsecured, not listed, and subject to the U.K. Bail‑in Power. Barclays’ estimated value is $927.70 per $1,000 Note. Proceeds to Barclays are 96.75% ($241,875) with a 3.25% agent commission ($8,125). Initial Valuation Date is October 31, 2025; Issue Date November 5, 2025; Final Valuation Date November 1, 2027.

Rhea-AI Summary

Barclays Bank PLC priced $1,105,000 of AutoCallable Contingent Coupon Notes due November 4, 2027, linked to the least performing of ORCL, INTC and NVDA. The notes pay a 25.00% per annum contingent coupon (2.0833% monthly, $20.833 per $1,000) only if each stock is at or above its coupon barrier on observation dates. They may be automatically called if each stock is at or above its Call Value (100% of initial) on specified call dates.

Initial values: ORCL $262.61; INTC $39.99; NVDA $202.49, with coupon barriers and downside barriers at 60.00% of those levels. At maturity, if not called, holders receive $1,000 per note if the least performer is at or above its barrier; otherwise, repayment is reduced 1-for-1 with that stock’s decline, up to a total loss. The notes are unsecured obligations of Barclays, include consent to the U.K. bail-in power, and will not be listed. Pricing: price to public 100.00%, agent’s commission 0.90% ($9,945 total), proceeds 99.10% ($1,095,055). Estimated value is $950.30 per note on the initial valuation date.

Rhea-AI Summary

Barclays Bank PLC priced $2,132,000 of Global Medium‑Term Notes, Series A—Callable Contingent Coupon Notes due November 5, 2030—linked to the least performing of the S&P 500, Russell 2000, and Nasdaq‑100. The notes pay a contingent coupon of $11.25 per $1,000 (13.50% per annum) on scheduled dates only if each index closes at or above its 80% Coupon Barrier. Barclays may redeem the notes early, in whole, on specified call dates after approximately three months, paying $1,000 per $1,000 plus the due coupon.

At maturity, if not called, investors receive $1,000 per $1,000 only if the least performing index is at or above its 80% Barrier; otherwise, repayment is reduced one‑for‑one with the index decline, up to a total loss. Initial values: SPX 6,840.20; RTY 2,479.381; NDX 25,858.13; both Coupon Barrier and Barrier set at 80% of these levels. The initial issue price is $1,000 per note; the issuer’s estimated value is $984.30. Agent commission is 0.50% ($5 per $1,000), for total proceeds of 99.50% ($2,121,340). Payments are unsecured, subject to Barclays’ credit and consent to potential U.K. Bail‑in Power.

Rhea-AI Summary

Barclays Bank PLC priced $2,088,000 of Global Medium‑Term Notes, Series A: Callable Contingent Coupon Notes due November 3, 2028 linked to the least performing of the S&P 500, Russell 2000, and Nasdaq‑100.

The notes pay a 10.75% per annum contingent coupon ($8.958 per $1,000 monthly) only if on each observation date all three indices are at or above their Coupon Barrier of 80% of initial (SPX 6,840.20; RTY 2,479.381; NDX 25,858.13). At maturity, if not called and the least performer is at or above its Barrier of 70% of initial, investors receive $1,000 per note; otherwise the payoff falls one‑for‑one with the decline of the least performer, up to a 100% loss of principal.

The issuer may redeem the notes, in whole, on specified call dates after roughly three months at $1,000 plus any coupon. Initial issue price is $1,000; estimated value is $974 per note. Agent’s commission is 0.80% per note; total proceeds to Barclays are $2,076,208.50. The notes are unsecured, will not be listed, and include holder consent to potential U.K. Bail‑in Power.

Rhea-AI Summary

Barclays Bank PLC filed a 424(b)(2) pricing supplement for $1,619,000 Global Medium‑Term Notes, Series A, due November 3, 2028, linked to the least‑performing of the S&P 500 Index and the Dow Jones Industrial Average.

The notes pay no coupons. At maturity, holders receive $1,000 per note plus upside linked to the weaker index, capped by a Maximum Return of 23.00% (maximum payment $1,230 per $1,000 note) if that index’s final value is at or above its initial value; otherwise, payment is $1,000 per note. Initial values were SPX 6,840.20 and INDU 47,562.87 on October 31, 2025. Denomination is $1,000, with initial valuation on October 31, 2025 and issue on November 5, 2025.

The price to public is 100.00%, agent’s commission 0.80%, and proceeds to Barclays 99.20% (total proceeds $1,607,195). Barclays’ estimated value is $981.90 per note. The notes are unsecured and unsubordinated, not listed on an exchange, and investors consent to potential exercise of U.K. Bail‑in Power.

Rhea-AI Summary

Barclays Bank PLC priced $1,682,000 of Phoenix AutoCallable Notes due November 4, 2027, linked to the least performing of Alphabet (GOOGL), SoFi (SOFI) and Snap (SNAP). The Notes are issued at $1,000 denominations, with price to public 100.00%, agent commission 3.25% and issuer proceeds 96.75% ($1,627,335). Barclays’ estimated value is $916.00 per Note.

The Notes pay a contingent coupon of $28.958 per $1,000 (34.75% per annum) on scheduled dates only if each stock is at or above its coupon barrier (60% of Initial Value). They are auto-callable beginning after roughly three months if each stock is at or above its Call Value (100% of Initial Value), returning $1,000 plus the coupon. At maturity, if not redeemed, you receive $1,000 per Note if the least performer is at or above its barrier (50% of Initial Value); otherwise, repayment is reduced one-for-one with the decline, and Barclays may elect physical settlement in shares based on disclosed delivery amounts. The Notes are unsecured obligations, not listed, and are subject to U.K. Bail-in Power and the credit of Barclays; you may lose up to 100% of principal.

Rhea-AI Summary

Barclays Bank PLC priced $786,000 of Callable Contingent Coupon Notes due November 5, 2030, linked to the least performing of the S&P 500, Nasdaq‑100 and Russell 2000 indices.

The notes pay a monthly contingent coupon of $7.167 per $1,000 (8.60% per annum) only if each index is at or above its 70.00% coupon barrier on the observation date. At maturity, if not called and the least performing index is at or above its 50.00% barrier, investors receive $1,000 per note; otherwise, repayment is reduced one‑for‑one with the index decline, up to total loss of principal. Barclays may redeem the notes, in whole, on scheduled call dates beginning about three months after issuance for $1,000 per note plus any due coupon.

Initial issue price is $1,000 per note; agent’s commission is 0.75% (proceeds 99.25%). Barclays’ estimated value is $977.10 per note on the initial valuation date. Payments are unsecured obligations of Barclays and are subject to the U.K. Bail‑in Power.

Rhea-AI Summary

Barclays Bank PLC priced $1,049,000 of unsecured, unsubordinated AutoCallable Notes due November 3, 2028, linked to the least performing of the Nasdaq-100, Russell 2000, and S&P 500 indices. The notes can redeem automatically if, on specified dates, each index is at or above 100% of its initial level; the Call Premium is $115 per $1,000 per year (11.50% per annum). Each index has a Barrier at 70% of its initial level.

If not called: you receive $1,000 per $1,000 note at maturity if the least performing index is at or above its barrier; otherwise repaid as $1,000 plus $1,000 times that index’s return, which can result in up to a 100% loss of principal. Minimum denomination is $1,000. The issue date is November 5, 2025. Price to public is 100.00%, agent commission 2.80%, and proceeds to issuer 97.20%. The issuer’s estimated value is $951.90 per note on the initial valuation date. The notes are not listed and are subject to U.K. Bail-in Power.