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 Callable Contingent Coupon Notes due November 29, 2030, linked to the least performing of the S&P 500 Index, Russell 2000 Index, and Nasdaq-100 Index.
The notes pay a contingent coupon of $8.542 per $1,000 (0.8542% per month, based on 10.25% per annum) only if, on an Observation Date, the closing value of each index is at or above its Coupon Barrier Value of 75.00% of Initial Value. At maturity, if not previously redeemed, holders receive $1,000 per note if the Least Performing index is at or above its Barrier Value of 70.00% of Initial Value; otherwise, repayment equals $1,000 plus $1,000 times that index’s return, with up to a 100.00% loss of principal.
The issuer may redeem the notes (in whole) at its option on specified Call Valuation Dates after they cannot be redeemed for approximately the first three months; the Redemption Price is $1,000 per note plus any due coupon. Price to public is 100.00% per note; the Agent’s commission is 0.925%, with proceeds to Barclays of 99.075% per note. The estimated value on the Initial Valuation Date is expected between $894.60 and $974.60 per note. These unsecured, unsubordinated obligations are subject to U.K. Bail‑in Power and will not be listed on any U.S. exchange.
Barclays Bank PLC launched a preliminary 424(b)(2) for Phoenix AutoCallable Notes due May 31, 2029 linked to the least performing of the S&P 500, Russell 2000 and Nasdaq‑100. The notes pay a contingent coupon of $7.625 per $1,000 (0.7625% monthly, 9.15% per annum) on each observation date only if all three indices are at or above their 75.00% coupon barriers.
The notes can be automatically called on scheduled dates starting about one year after issuance if each index is at or above its 100.00% call value, paying the $1,000 redemption price plus the coupon. If not called, at maturity investors receive $1,000 if the least performing index is at or above its 70.00% barrier; otherwise, principal is reduced one‑for‑one with the index decline, up to a total loss.
Key terms: minimum denomination $1,000; initial issue price $1,000; agent commission 0.80% (proceeds 99.20%); estimated value on the initial valuation date of $890.50–$960.50 per note. The notes are unsecured and unsubordinated, will not be listed, and are subject to U.K. Bail‑in Power.
Barclays Bank PLC filed a preliminary pricing supplement for Global Medium‑Term Notes, Series A: AutoCallable Notes due November 30, 2028 linked to the least performing of the Dow Jones Industrial Average, Russell 2000 Index, and Nasdaq‑100 Index. The notes feature an automatic call on scheduled dates if each index closes at or above its Call Value, paying $1,000 plus a Call Premium.
The Periodic Call Premium is $140.00 per $1,000 (14.00% per annum), compounded by the number of years to the call date, with call observations beginning roughly one year after issuance. If held to maturity and no call occurs: repayment of $1,000 applies if the least performing index finishes at or above its Barrier Value of 70.00% of Initial Value; otherwise, repayment is reduced dollar‑for‑dollar with the index decline, up to a total loss. The notes are unsecured obligations of Barclays and are subject to U.K. Bail‑in Power.
Initial issue price is $1,000 per note, agent’s commission is 0.80%, and proceeds to Barclays are 99.20% per note. Estimated value on the Initial Valuation Date is expected between $906.90 and $966.90 per note. Minimum denomination is $1,000. The notes will not be listed on a U.S. exchange.
Barclays Bank PLC filed a preliminary pricing supplement for S&P 500-linked Global Medium‑Term Notes, Series A, due November 29, 2030. The notes pay no coupons and return principal at maturity, with capped upside: if the S&P 500 final value is at or above the initial value, holders receive $1,000 plus the lesser of the index return or a Maximum Return of 37.50% (maximum payment $1,375 per $1,000). If the index finishes below the initial value, the maturity payment is $1,000 per $1,000 note.
Key terms include a $1,000 minimum denomination, Initial Valuation Date November 25, 2025, Issue Date December 1, 2025, and Final Valuation Date November 25, 2030. The estimated value on the Initial Valuation Date is expected between $896.70 and $976.70 per $1,000, below the initial issue price, reflecting selling costs, hedging, and issuer economics. The agent’s commission is 0.925% ($9.25 per $1,000). The notes are unsecured, unsubordinated obligations, will not be listed, and are subject to U.K. Bail‑in Power.
For U.S. taxes, Barclays intends to treat the notes as contingent payment debt instruments, requiring holders to accrue taxable interest based on a comparable yield before maturity.
Barclays Bank PLC filed a preliminary pricing supplement for Callable Contingent Coupon Notes due August 30, 2027, linked to the least performing of the Russell 2000 Index and the Nasdaq-100 Index.
The notes pay a contingent coupon of $8.75 per $1,000 (0.875% per month; 10.50% per annum) on scheduled dates only if the closing value of each index is at or above its 75.00% coupon barrier. At maturity, if not earlier redeemed, investors receive $1,000 per note if the least performing index is at or above its 75.00% barrier; otherwise, repayment is reduced one-for-one with the index decline, up to a total loss of principal.
Barclays may redeem the notes, in whole, on specified call valuation dates after approximately three months at $1,000 plus any coupon. The notes are unsecured, unsubordinated obligations, not listed, and subject to the U.K. Bail-in Power. Denominations are $1,000; price to public is 100.00%, agent’s commission 0.70%, and proceeds to issuer 99.30%. The estimated value on the initial valuation date is expected to be $933.50–$983.50 per note.
Barclays Bank PLC launched a preliminary pricing supplement for Global Medium‑Term Notes, Series A, linked to the least‑performing of the S&P 500 Index and the Dow Jones Industrial Average, maturing on November 29, 2030.
The notes pay no coupons. At maturity, holders receive $1,000 per $1,000 note if the least‑performing index finishes below its initial level, or $1,000 plus index return up to a Maximum Return of 48.00% if the least‑performing index is at or above its initial level. The initial issue price is $1,000; the price to the public is 100.00%, the agent’s commission is 0.925%, and proceeds to Barclays are 99.075% per note.
Barclays’ estimated value on the initial valuation date is expected between $896.20 and $976.20 per note. The notes are unsecured and unsubordinated obligations, will not be listed, and include consent to the exercise of any U.K. Bail‑in Power. Key dates: Initial Valuation Date November 25, 2025; Issue Date December 1, 2025; Final Valuation Date November 25, 2030; Maturity Date November 29, 2030.
Barclays Bank PLC filed a preliminary pricing supplement for Callable Contingent Coupon Notes due November 29, 2030 linked to the least performing of the S&P 500, Russell 2000 and Nasdaq‑100 indices. The notes pay a $8.125 contingent coupon per $1,000 (9.75% per annum) on scheduled dates only if each index is at or above its Coupon Barrier of 75% of its Initial Value.
At maturity, if not redeemed early, investors receive $1,000 per note only if the Least Performing index is at or above its Barrier Value of 60% of Initial Value; otherwise, repayment is reduced by the index decline, up to a total loss. The issuer may redeem at its discretion on set call dates after roughly three months, paying $1,000 plus any due coupon.
The notes are unsecured, not listed, and subject to U.K. Bail‑in Power. Initial issue price is $1,000; agent commission up to 0.925%. Barclays’ estimated value on the Initial Valuation Date is expected between $894.80 and $974.80 per $1,000 based on internal models.
Barclays Bank PLC filed a preliminary 424B2 for unsecured, unsubordinated structured notes linked to the DIA, QQQ and SPY ETFs. The Notes pay a Contingent Coupon of $6.458 per $1,000 (7.75% per annum) for any Observation Date when each Underlier’s Closing Value is at or above its Coupon Barrier.
The Coupon Barrier and principal protection threshold (Barrier Value) for each Underlier are set at 70% of its Initial Underlier Value. At maturity (scheduled for November 24, 2028), if the Least Performing Underlier is at or above its Barrier Value, holders receive $1,000 per Note plus any due Contingent Coupon; otherwise, repayment equals $1,000 plus $1,000 times the Underlier Return of the Least Performing Underlier, which can result in a significant or total loss.
Key dates include an Initial Valuation Date on November 19, 2025, Issue Date on November 21, 2025, and frequent monthly Observation Dates. Price to public is 100%, agent’s commission is 0.00%. The Notes are not listed and are subject to U.K. Bail-in Power and the credit risk of Barclays Bank PLC.
Barclays Bank PLC filed a preliminary 424B2 pricing supplement for unsecured, unsubordinated notes linked to Alphabet (GOOGL), Meta (META) and Microsoft (MSFT). The notes pay a $26.00 contingent coupon per $1,000 note each quarter (a rate of 10.40% per annum) if, on an Observation Date, the Closing Value of each underlier is at or above its Coupon Barrier Value. The Coupon Barrier and Barrier Values are set at 60.00% of each Initial Underlier Value.
Beginning with the second Observation Date, the notes are subject to automatic redemption if each underlier is at or above its Initial Underlier Value, paying $1,000 plus the applicable contingent coupon and any unpaid coupons. If not redeemed, the maturity payment depends on underlier performance: holders can receive par, par plus coupon(s), or a reduced amount tied to the Least Performing Underlier, and may lose a significant portion or all principal.
Denomination is $1,000. Issue Date is November 12, 2025, Final Valuation Date November 7, 2028, and Maturity Date November 10, 2028. Price to public is 100%, agent’s commission 2.10% (proceeds 97.90%). The notes are not listed and are subject to U.K. Bail-in Power.
Barclays Bank PLC is offering unsecured, unsubordinated Contingent Coupon Notes linked to the Barclays US Tech Accelerator 6% Decrement USD ER Index (BXIIUT4E). The notes pay a Contingent Coupon of $9.625 per $1,000 (an annual rate of 11.55%, paid monthly) on any Observation Date when the Underlier’s Closing Value is at or above the Coupon Barrier Value of 50.00% of the Initial Underlier Value.
Beginning with the sixth Observation Date, the notes are subject to automatic redemption if the Underlier is at or above its initial level, returning $1,000 per note plus the coupon. If not redeemed, at maturity you receive $1,000 plus the coupon if the Final Underlier Value is at or above the Barrier Value (50.00% of initial); otherwise, the payoff equals $1,000 + ($1,000 × Underlier Return), which can result in a significant or total loss.
Key dates: Initial Valuation Nov 7, 2025, Issue Nov 12, 2025, Final Valuation Nov 7, 2028, Maturity Nov 10, 2028. Denomination is $1,000. The notes will not be listed. Investors consent to potential U.K. Bail‑in Power. The Underlier includes a 6% per annum decrement and variable exposure of 100%–400% to a Nasdaq‑100 futures-based index.
Barclays Bank PLC plans a new 424(b)(2) structured note offering tied to an unequally weighted basket of five non‑U.S. equity indices: EURO STOXX 50 (38%), TOPIX (26%), FTSE 100 (17%), Swiss Market Index (11%) and S&P/ASX 200 (8%). The notes pay no interest and return at maturity depends on basket performance over an expected 15–17‑month term. Upside is leveraged at 220% and capped, with a maximum settlement amount expected between $1,138.38 and $1,162.58 per $1,000 face amount.
The structure includes a 12.5% buffer (buffer level 87.5% of initial basket level); below that, losses increase approximately 1.1429% for each 1% decline beyond the buffer, up to total loss. The notes are unsecured, unsubordinated obligations of Barclays Bank PLC and are subject to the exercise of any U.K. Bail‑in Power. Price to public is 100% of face amount, agent’s commission 0.00%, and proceeds to Barclays 100%. The notes will not be listed on a U.S. exchange, and any secondary market making by affiliates is discretionary.
Barclays Bank PLC filed a preliminary pricing supplement for market-linked notes tied to an equal-weighted basket of LMT, NOC, and RTX. Each $1,000 note offers 100% upside participation to a cap and partial downside protection at maturity.
The notes pay a minimum of $900 per security (90% of principal) at maturity and a maximum return of at least 33.50% (at least $1,335 total), determined on the pricing date. If the basket rises, investors receive $1,000 plus the lesser of the basket return or the cap; if it falls, losses match the basket decline 1:1 to the first 10%, then stop at $900. Per-security economics list a $1,000 offering price, $28.25 agent discount, and $971.75 proceeds to the issuer.
Key dates: pricing November 17, 2025; issue November 20, 2025; calculation day November 17, 2028; maturity November 22, 2028. The notes are unsecured, unsubordinated obligations and include consent to the U.K. Bail‑in Power; they are not FDIC or FSCS insured.
Barclays Bank PLC is offering Accelerated Return Notes linked to the EURO STOXX 50 Index, due January 2027. The notes provide 3-to-1 upside exposure with a 300% participation rate, subject to a capped value of $11.40–$11.80 per $10 unit (a 14%–18% maximum return) over an approximately 14‑month term. If the index declines, losses are 1‑for‑1, and principal is at risk.
The public offering price is $10.00 per unit, including an underwriting discount of $0.175 and a hedging-related charge of $0.05, for proceeds to Barclays of $9.825 per unit before expenses. Barclays’ initial estimated value is expected to be $9.218–$9.718 per unit on the pricing date. The notes pay no periodic interest, all payments occur at maturity, and they are unsecured obligations subject to Barclays’ credit risk and consent to the U.K. Bail-in Power. The notes will not be listed, and secondary market liquidity may be limited.
Barclays Bank PLC filed a preliminary pricing supplement for Market Linked Securities tied to the S&P 500 Index, maturing on November 29, 2028. These unsecured, unsubordinated notes offer 125% upside participation up to a maximum return of at least 25%, with a 15% downside buffer. If the Index falls more than 15% at maturity, repayment is reduced and investors can lose up to 85% of principal.
Key economics per $1,000 security: original offering price $1,000, agent discount $30.75, and proceeds to Barclays $969.25. The notes are subject to U.K. Bail‑in Power and are not FDIC insured. The issuer expects its estimated value on the pricing date to be less than $1,000, and initial secondary market values may be higher than that estimate for approximately three months as certain costs are effectively reimbursed.
Important dates: pricing date November 24, 2025, issue date November 28, 2025, and calculation day November 24, 2028. Any payment depends on Barclays’ credit and the final Index level relative to the starting level and the 85% threshold.
Barclays Bank PLC filed a 424B2 for Accelerated Return Notes linked to the Russell 2000 Index, maturing in January 2027. The notes are unsecured, unsubordinated debt with a $10 principal amount per unit. Investors receive a leveraged return if the index rises, with a 300% participation rate, but returns are capped at a Capped Value of $11.55 to $11.95 per unit. If the index falls, investors can lose principal.
The public offering price is $10.00 per unit, including an underwriting discount of $0.175 and a hedging-related charge of $0.05, for proceeds to Barclays of $9.825 per unit before expenses. Barclays’ initial estimated value is expected to range from $9.217 to $9.717 per unit on the pricing date. The Ending Value is the average over five calculation days before maturity. The notes pay no interest, forgo dividends, will not be listed, and have a minimum purchase of 100 units.
All payments are subject to Barclays’ credit risk and the risk of exercise of any U.K. Bail-in Power. Settlement is expected in December 2025, with maturity in January 2027.
Barclays Bank PLC priced $1,740,000 AutoCallable Contingent Coupon Notes due November 3, 2027, linked to the least‑performing of the Global X Uranium ETF (URA), VanEck Gold Miners ETF (GDX) and SPDR S&P Regional Banking ETF (KRE). The notes pay a contingent coupon of $27.50 per $1,000 per period (11.00% per annum) only if on an Observation Date each ETF is at or above its Coupon Barrier Value, set at 50.00% of its Initial Value.
The notes are automatically called if on a Call Valuation Date each ETF is at or above its Call Value (100.00% of Initial). If not called, at maturity investors receive $1,000 per note if the Least Performing ETF is at or above its Barrier Value (50.00% of Initial); otherwise repayment is reduced one‑for‑one with the ETF’s decline, or, at Barclays’ election, settled in shares per the stated Physical Delivery Amounts. Initial issue price is $1,000 per note; agent commission 1.85%; proceeds to issuer 98.15%. Barclays’ estimated value is $931 per note. The notes are unsecured, not listed, and subject to U.K. Bail‑in Power and Barclays’ credit risk.
Barclays Bank PLC filed a preliminary 424B2 for unsecured, unsubordinated structured notes linked to the Dow Jones Industrial Average (INDU), Nasdaq‑100 (NDX), and Russell 2000 (RTY). The Notes pay no interest and are not principal protected. If the Least Performing Underlier finishes at or above its Barrier Value—set at 70.00% of its Initial Underlier Value—holders receive a fixed digital payoff of $1,112.50 per $1,000 note, reflecting a Digital Percentage of 11.25%. If any Underlier ends below its Barrier Value, repayment is $1,000 plus the Underlier Return of the Least Performing Underlier, exposing investors to losses down to zero.
Key dates: Initial Valuation Date November 24, 2025; Issue Date November 28, 2025; Final Valuation Date May 24, 2027; Maturity Date May 27, 2027. Price to public is $1,000 per note; agent’s commission 2.175%; proceeds to Barclays 97.825% per note. The Notes will not be listed, are subject to Barclays’ credit risk, and include consent to potential U.K. Bail‑in Power.
Barclays Bank PLC launched a preliminary 424B2 pricing supplement for unsecured, unsubordinated notes linked to the S&P 500 Index. The Notes pay a Fixed Coupon of $11.25 per $1,000 each quarter (4.50% per annum) and return principal at maturity only if the index’s Final Value is at or above the Buffer Value, set at 85.00% of the Initial Value.
If the Final Value is below the Buffer Value, repayment is reduced by the index decline beyond the 15.00% buffer, using $1,000 + [$1,000 × (Underlier Return + 15.00%)]. Investors could lose up to 85.00% of principal at maturity. The Notes will not be listed on an exchange and are subject to Barclays’ credit risk and the U.K. Bail-in Power.
Per the fee table, the price to public is 100%, agent’s commission is 3.00%, and proceeds to Barclays are 97.00% per Note. Scheduled coupon dates run quarterly from February 26, 2026 through the November 27, 2028 maturity.
Barclays Bank PLC is offering $2,249,000 of Global Medium‑Term Notes, Series A, Market Linked Securities due November 2, 2028. These unsecured, unsubordinated notes pay a 38.00% per annum contingent coupon, evaluated monthly, linked to the lowest performing of Intel (INTC), Micron (MU), and Starbucks (SBUX). Each note has a $1,000 principal amount.
Coupons are paid only if, on a calculation day, the lowest stock closes at or above its threshold price (70% of starting): INTC $41.34/$28.938; MU $226.63/$158.641; SBUX $84.17/$58.919. The notes are auto‑callable monthly from April 2026 through September 2028 if the lowest stock closes at or above its starting price, returning principal plus that month’s coupon. If not called, at maturity investors receive $1,000 if the lowest stock is at or above its threshold; otherwise, repayment equals $1,000 multiplied by its performance factor, exposing investors to losses greater than 30% and up to all principal.
Per note, the agent discount is $23.25; total proceeds to Barclays are $2,196,710.75. The securities are not insured and include explicit U.K. Bail‑in Power consent.
Barclays Bank PLC is offering $300,000 of unsecured Contingent Coupon Barrier Notes linked to the Barclays US Tech Accelerator 6% Decrement USD ER Index (BXIIUT4E). The notes pay a $9.625 coupon per $1,000 (an annual rate of 11.55%) only if, on an Observation Date, the Index is at or above the Coupon Barrier Value.
The notes may be automatically redeemed on or after the sixth Observation Date if the Index is at or above the Initial Underlier Value, paying $1,000 plus the coupon. If held to maturity on November 2, 2028 and not auto‑called, repayment of principal depends on the Index: at or above the Barrier Value (50% of initial), investors receive $1,000 plus the coupon; below the barrier, repayment equals $1,000 + ($1,000 × Underlier Return), risking substantial or total loss.
Key levels: Initial Underlier Value 42,978.52; Coupon Barrier and Barrier Value 21,489.26. The Index applies a daily 6% decrement and variable exposure (100%–400%) to a Nasdaq‑100 futures excess return index, which can drag performance and amplify losses. Price to public: 100% per note; agent’s commission 1.25% ($3,750 total); proceeds to issuer $296,250. The notes are not listed and are subject to U.K. Bail‑in Power.
Barclays Bank PLC priced $770,000 of AutoCallable Notes due November 3, 2031, linked to the least performing of the S&P 500 Index and Russell 2000 Index. The notes may redeem automatically starting about one year after issuance if each index closes at or above 92% of its Initial Value on a Call Valuation Date, paying $1,000 plus a Call Premium.
The Periodic Call Premium is $96.50 per $1,000 (9.65% per annum), capped by the redemption schedule. If not called and the least performing index is at or above its 75% Barrier at maturity, holders receive $1,000 per note; if below the Barrier, repayment falls one-for-one with the index decline, up to a total loss of principal. Initial values: SPX 6,890.59 (Call 6,339.34; Barrier 5,167.94); RTY 2,484.805 (Call 2,286.02; Barrier 1,863.60). The notes are unsecured obligations subject to U.K. Bail-in Power and will not be listed.
Price to public is 100%. Total agent’s commission was $2,680, with issuer proceeds of $767,320.
Barclays Bank PLC filed a preliminary pricing supplement for 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 automatically called if, on a Call Valuation Date, each index is at or above its Call Value. The Periodic Call Premium is $114 per $1,000 (an 11.40% per annum rate), with the first call observation on October 30, 2026 at 100% of initial and the final at 85%. If not called, principal is repaid at maturity only if the least performing index finishes at or above its Barrier Value (65% of initial); otherwise, repayment is reduced one‑for‑one with the index decline, up to full loss.
Key terms include minimum denomination $1,000, price to public 100.00%, agent commission 0.40% (proceeds to issuer 99.60%). The issuer’s estimated value is expected between $929.50 and $979.50 per note. The notes are unsecured, not listed, and subject to U.K. Bail‑in Power and the credit of Barclays Bank PLC.
Barclays Bank PLC priced $4,386,000 of Global Medium‑Term Notes, Series A, Callable Fixed Rate Notes due November 3, 2032. The notes pay a fixed 4.35% per annum and may be redeemed at the issuer’s option (in whole or in part) on the 3rd day of February, May, August and November from November 3, 2027 to maturity, at $1,000 per note plus accrued interest.
The initial issue price is 100.00% of principal, with an agent’s commission of 1.00% ($43,421.40) and proceeds to Barclays of 99.00% ($4,342,578.60). Interest uses a 30/360 day count and is paid on the 3rd day of each November, starting November 3, 2026, unless earlier redeemed. The notes are unsecured and unsubordinated, will not be listed on a U.S. exchange, and are subject to U.K. Bail‑in Power by the relevant resolution authority.
Barclays Bank PLC priced $2,488,000 AutoCallable Notes due November 3, 2031, linked to the least performing of the S&P 500 Index, Russell 2000 Index, and Dow Jones Industrial Average. The Notes are issued in $1,000 denominations and may be automatically called starting November 3, 2026 if each index meets its Call Value on a Call Valuation Date.
The Call Premium equals $88.50 per $1,000 (8.85% per annum) multiplied by the number of years elapsed; the maximum illustrated redemption is $1,531.00 per $1,000 if called at the final observation. At maturity, if not called: repayment of $1,000 occurs only if the Least Performing index is at or above its 75.00% Barrier Value; otherwise, principal is reduced one-for-one with the index decline, down to zero.
Key economics: price to public 100.00%; agent’s commission 0.80% ($13,560 total); proceeds to issuer $2,474,440. Barclays’ estimated value is $967.80 per Note on the Initial Valuation Date (October 29, 2025). The Notes are unsecured, subject to the U.K. Bail-in Power, and will not be listed on any U.S. exchange.
Barclays Bank PLC priced $2,370,000 of Callable Contingent Coupon Notes due November 2, 2028, linked to the least performing of the Nasdaq-100 Technology Sector, Russell 2000, and S&P 500 indices.
The notes pay a $7.50 contingent coupon per $1,000 each observation (9.00% per annum) only if all three indices are at or above their Coupon Barrier (70% of initial). At maturity, if not earlier redeemed, repayment of principal requires the least performing index to be at or above its Barrier (50% of initial); otherwise, principal is reduced one-for-one with that index’s decline, up to total loss.
Early redemption is at the issuer’s option after roughly three months at par plus any due coupon. Initial values/barriers include: NDXT 13,262.84 (coupon barrier 9,283.99; barrier 6,631.42); RTY 2,484.805 (1,739.36; 1,242.40); SPX 6,890.59 (4,823.41; 3,445.30). The notes are unsecured, not listed, and subject to U.K. Bail-in Power. Price to public: 100%; agent commission: 0.70%; estimated value: $984.70 per $1,000.
Barclays Bank PLC priced $9,243,000 of AutoCallable Notes due November 3, 2031, linked to the least performing of the S&P 500, Russell 2000, and Dow Jones Industrial Average. The notes are unsecured, unsubordinated obligations and are subject to the U.K. Bail-in Power. They will not be listed.
The notes have a minimum denomination of $1,000 and an initial issue price of $1,000. They may be automatically called beginning about one year after issuance on scheduled dates if each index closes at or above its Call Value (92.00% of its Initial Value). Upon an automatic call, holders receive $1,000 plus a Call Premium of $100 per $1,000 per year (10.00% per annum), prorated by quarters. If not called, at maturity: repayment of $1,000 per $1,000 note if the least performing index is at or above its Barrier (75.00% of initial); otherwise, principal is reduced one-for-one with the index loss.
Initial Valuation Date: October 29, 2025; Issue Date: November 5, 2025; Final Valuation Date: October 29, 2031. Agent’s commission is 0.80% (proceeds 99.20%), totaling $56,256 in commissions and $9,186,744 in proceeds. The issuer’s estimated value is $980 per note.
Barclays Bank PLC filed a preliminary 424(b)(2) pricing supplement for Phoenix AutoCallable Notes linked to the least performing of Oracle (ORCL), Meta (META) and Bank of America (BAC) under its Global Medium‑Term Notes, Series A.
The Notes pay a contingent coupon of $16.25 per $1,000 (19.50% per annum) on scheduled dates only if each stock is at or above its Coupon Barrier Value. They may be automatically called on specified dates if each stock is at or above its Call Value (100% of Initial Value). If not called, at maturity on December 2, 2027 investors receive $1,000 per note if the Least Performing stock is at or above its Barrier Value (60% of Initial Value); otherwise repayment is reduced one‑for‑one with the decline, and Barclays may elect physical settlement in shares of the Least Performing stock.
The initial issue price is $1,000 per note; the agent’s commission is 3.25%, with proceeds to Barclays of 96.75% per note. The estimated value on the Initial Valuation Date is expected between $891.70 and $941.70 per note. The Notes are unsecured, unsubordinated, will not be listed, and are subject to the U.K. Bail‑in Power. Issue Date is December 3, 2025.
Barclays Bank PLC filed a preliminary 424B2 for AutoCallable Notes due November 29, 2030 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 price of 100%, agent commission of 0.925%, and proceeds to Barclays of 99.075% per note.
The notes may be automatically called if, on designated annual Call Valuation Dates, each index is at or above its Call Value (100% of Initial Value). The call premium accrues at $127.50 per $1,000 per year (12.75% p.a.). If not called, at maturity investors receive par if the least performing index is at or above its Barrier (70% of Initial Value); otherwise, repayment is reduced one‑for‑one with the index decline, up to a total loss of principal.
The estimated value on the Initial Valuation Date is expected between $878.80 and $958.80 per note. The notes are unsecured, unsubordinated obligations, not listed, and are subject to the consented U.K. Bail‑in Power. Key dates: Initial Valuation Nov 25, 2025, Issue Dec 1, 2025; annual call checks through Nov 25, 2030.
Barclays Bank PLC is offering unsecured, unsubordinated notes linked to three stocks: Dell Class C (DELL), Oracle (ORCL) and Super Micro Computer (SMCI). The notes pay a contingent coupon of $15.417 per $1,000 (18.50% per annum, 1.5417% monthly) on any Observation Date when the Closing Value of each underlier is at or above its Coupon Barrier Value, set at 60.00% of its Initial Underlier Value (DELL $98.16; ORCL $165.18; SMCI $31.61).
Beginning with the 12th Observation Date, the notes are automatically redeemable if each underlier is at or above its Initial Underlier Value, returning $1,000 plus the coupon and any previously unpaid coupons. If not redeemed, maturity outcomes depend on underlier performance: principal is repaid 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 Underlier Value. Otherwise, repayment is reduced in line with the Least Performing Underlier’s decline, up to a total loss of principal. Price to public is 100%, agent’s commission 0.75%, proceeds to Barclays 99.25%. Payments are subject to Barclays’ credit and the U.K. Bail-in Power.
Barclays Bank PLC priced $2,000,000 of Buffered Callable Contingent Coupon Notes due August 3, 2026, linked to the least performing of the XLI, XLE and XLF ETFs. The notes pay a contingent coupon of $9.167 per $1,000 (0.9167% per month, based on 11.00% per annum) only if each ETF closes at or above its Coupon Barrier (82.50% of its initial value) on the relevant observation date.
At maturity, if not earlier redeemed, investors receive $1,000 per note if the least performing ETF is at or above its Buffer Value (82.50% of initial). Below the buffer, repayment is reduced by the shortfall times a Downside Leverage Factor of 1.212121, which can lead to loss of up to 100% of principal. The issuer may redeem the notes in whole, at its discretion, on specified monthly call dates after approximately two months, at $1,000 plus any due coupon.
The initial issue price is $1,000 per note; Barclays’ estimated value is $992.30 per note. The notes are unsecured, unsubordinated obligations, not listed, and investors consent to potential U.K. Bail‑in Power actions by the resolution authority.
Barclays Bank PLC is offering Global Medium‑Term Notes, Series A, linked to Apple, Amazon, and Tesla. The total offering size is $4,406,000 at 100% price to public, with a 0.85% agent commission and 99.15% proceeds to Barclays. The Notes pay a Contingent Coupon of $10.50 per $1,000 (12.60% per annum, 1.05% per month) only if, on an Observation Date, the Closing Value of each Underlier is at or above its Coupon Barrier Value.
Initial Underlier Values are AAPL $269.70, AMZN $230.30, TSLA $461.51, with Coupon Barrier and Barrier set at 50% of each initial value. Beginning with the sixth Observation Date, the Notes are automatically redeemable if each Underlier is at or above its Initial Underlier Value, returning $1,000 plus the coupon. At maturity (May 4, 2027), outcomes depend on the Least Performing Underlier, and investors may lose a significant portion or all principal if its Final Value is below its Barrier and no Underlier finishes at or above its Initial Value.
Denomination is $1,000. The Notes are unsecured, unsubordinated obligations of Barclays, not FDIC‑insured, not exchange‑listed, and are subject to U.K. Bail‑in Power. Any payments depend on Barclays’ creditworthiness.
Barclays Bank PLC launched $1,316,000 Buffered Callable Contingent Coupon Notes due November 2, 2028, linked to the least performing of the Dow Jones Industrial Average, S&P 500, and Russell 2000. The notes pay a contingent coupon of $21.50 per $1,000 (8.60% per annum) on scheduled dates only if each index closes at or above its 80% Coupon Barrier.
The notes have a 20% downside buffer at maturity. If not called and the least performing index finishes below its 80% Buffer Value, repayment is reduced dollar-for-dollar beyond the 20% decline, up to an 80% principal loss. The issuer can redeem the notes in whole, at its discretion, on specified call dates starting about six months after issuance, paying $1,000 per note plus the applicable coupon.
Initial issue price is $1,000 per note; agent commission is 0.50% ($5 per $1,000). Total proceeds to Barclays are $1,309,420. The issuer’s estimated value is $987.30 per note on the initial valuation date. Payments are subject to Barclays’ credit and the potential exercise of any U.K. Bail-in Power. The notes are unsecured, not listed, and do not pay dividends or convey voting rights on the referenced indices.
Barclays Bank PLC priced a $1,372,000 Rule 424(b)(2) offering of AutoCallable Contingent Coupon Notes due May 5, 2027, linked to the least performing of the S&P 500, Russell 2000, and Nasdaq‑100 indices.
The notes pay a contingent coupon of 6.25% per annum ($15.625 per $1,000) only if each index is at or above its Coupon Barrier (75% of initial) on observation dates. They are automatically called, paying par plus the coupon, if on a call date each index is at or above 92.25% of its initial. At maturity, if not called: pay par if the least performing index is at or above its initial, or if below initial but no Knock‑In Event occurred; otherwise, principal is reduced one-for-one with the index decline, down to zero.
The initial issue price is $1,000 per note; agent commission is 2.50%, for issuer proceeds of $1,337,700. Barclays’ estimated value is $965.60 per note on the valuation date. The notes are unsecured obligations, not listed, and subject to U.K. Bail‑in Power and Barclays’ credit risk.
Barclays Bank PLC priced a $1,500,000 tranche of Phoenix AutoCallable Notes due May 5, 2027, linked to Marvell Technology, Inc. common stock. The notes offer a contingent coupon of 14.10% per annum (paid as $35.25 per $1,000 on scheduled dates) only if MRVL closes on or above the Coupon Barrier of $49.66 on observation dates. The notes are automatically called if MRVL is at or above the Call Value of $74.49 on designated call dates, returning $1,000 per note plus the coupon.
If not called, at maturity investors receive $1,000 per note if the Final Value is at or above the Barrier Value of $41.39. Otherwise, repayment is reduced one-for-one with MRVL’s decline from the initial value, and investors may lose up to 100% of principal. The notes are unsecured obligations of Barclays and are subject to U.K. Bail‑in Power.
Pricing terms: price to public 100.00%, agent commission 2.375% (total $35,625), and proceeds to Barclays of 97.625% (total $1,464,375). Estimated value on the initial valuation date is $971.70 per note. The notes are not exchange-listed.
Barclays Bank PLC plans a primary offering of Callable Contingent Coupon Notes due August 27, 2027, linked to the least performing of the S&P 500, Russell 2000 and Nasdaq‑100. Each $1,000 note pays a contingent coupon at 8.15% per annum (approximately $6.792 per $1,000 per period) only if, on each observation date, all three indices close at or above their respective Coupon Barrier (80% of initial). The notes are callable at Barclays’ discretion beginning about three months after issuance at $1,000 plus any due coupon.
At maturity, if not called, investors receive $1,000 per note if the Least Performing index finishes at or above its Barrier (70% of initial); otherwise, repayment is reduced one‑for‑one with the index decline, down to zero. The initial issue price is $1,000, with an agent commission of 2.175% and proceeds to Barclays of 97.825% per note. Barclays’ estimated value on the initial valuation date is expected between $917.30 and $967.30 per note. The notes are unsecured, not listed, and subject to the U.K. Bail‑in Power.
Barclays Bank PLC launched a preliminary 424(b)(2) pricing supplement for Phoenix AutoCallable Notes due November 29, 2028, linked to the least performing of the S&P 500 Index, Russell 2000 Index, and Nasdaq‑100 Index. The notes offer a contingent coupon of $6.458 per $1,000 (7.75% per annum) on scheduled dates only if each index is at or above its coupon barrier.
The notes can be automatically called on specified dates if each index is at or above its initial level, returning $1,000 plus the applicable coupon. If not called, at maturity investors receive $1,000 if the least performing index is at or above its 70.00% barrier, else principal is reduced one‑for‑one with that index’s decline and can fall to zero. Coupon barriers are 80.00% of initial levels. The initial issue price is $1,000, with an agent commission of 2.80% and proceeds to Barclays of 97.20% per note. The issuer’s estimated value is expected to be between $884.70 and $944.70 per note.
The notes are unsecured obligations of Barclays Bank PLC, not listed on any exchange, and are subject to the U.K. Bail‑in Power, which could affect payments and terms.
Barclays Bank PLC filed a preliminary pricing supplement for AutoCallable Notes due November 29, 2030 linked to the least performing of the Dow Jones Industrial Average, Russell 2000 Index, and Nasdaq‑100 Index. The Notes are issued in $1,000 denominations with a price to public of 100% per Note, agent’s commission of 4.00%, and proceeds to Barclays of 96.00% per Note. Barclays’ estimated value on the initial valuation date is expected to be between $850.00 and $926.90 per Note.
The notes feature annual call observations after approximately one year. If all three indices are at or above their Call Values (100% of Initial Value) on a Call Valuation Date, the Notes are automatically redeemed at $1,000 plus a Call Premium of $90.00 per year (9.00% per annum). If not called, principal is repaid at maturity only if the least performing index finishes at or above its Barrier Value of 60.00% of Initial Value; otherwise, losses match the decline of the least performer, up to 100% of principal.
The Notes are unsecured, unsubordinated obligations of Barclays, will not be listed, and are subject to U.K. Bail‑in Power and Barclays’ credit risk.
Barclays Bank PLC filed a preliminary 424B2 for AutoCallable Notes due November 29, 2028, linked to the least performing of the Dow Jones Industrial Average, Russell 2000, and Nasdaq‑100. The notes can be automatically called if, on a Call Valuation Date, each index is at or above its Call Value (100% of Initial Value), paying $1,000 plus a Call Premium.
The Periodic Call Premium is $108.50 per $1,000 (10.85% per annum), scaled by time outstanding. At maturity, if not previously called: you receive $1,000 per note if the least‑performing index is at or above its Barrier Value (70% of Initial Value); otherwise, repayment falls 1‑for‑1 with the index decline, up to a total loss of principal. The notes are unsecured, unsubordinated obligations of Barclays and are subject to the U.K. Bail‑in Power.
Denomination is $1,000. Price to public: 100.00%; agent commission 2.80%; proceeds to issuer 97.20%. Barclays’ estimated value on the Initial Valuation Date is expected between $890.20 and $950.20 per note. The notes will not be listed; early automatic redemption cannot occur for approximately the first six months, with scheduled call dates beginning May 26, 2026.
Barclays Bank PLC plans a primary offering of Global Medium‑Term Notes linked to the S&P 500 Index, maturing on November 29, 2030. The notes pay no coupons; at maturity you receive $1,000 per $1,000 note plus equity‑linked upside capped by a Maximum Return of 29.00%. If the index finishes below its initial level, repayment is limited to principal.
The initial issue price is $1,000, with a 3.50% selling commission and issuer proceeds of 96.50% per note. Barclays’ estimated value on the initial valuation date is expected between $867.20 and $947.20 per $1,000, reflecting fees, hedging and structuring costs. The notes are unsecured, unsubordinated obligations, will not be listed, and are subject to U.K. Bail‑in Power consent. U.S. tax treatment is expected as contingent payment debt instruments, requiring accrual of taxable interest over the term.
Barclays Bank PLC announced a preliminary offering of AutoCallable Notes due November 29, 2030, linked to the least performing of the Dow Jones Industrial Average, Russell 2000 Index, and Nasdaq‑100 Index. The Notes are issued in $1,000 denominations and may be automatically called quarterly starting about one year after issuance if each index closes at or above its Call Value (100% of Initial Value).
The Redemption Price equals $1,000 plus a Call Premium that accrues at $92.50 per $1,000 per year (9.25% per annum), rounded to the nearest quarter‑year. If held to maturity and not called: repayment of $1,000 occurs if the least performing index is at or above its Barrier Value (70% of Initial Value); otherwise, principal is reduced one‑for‑one with the index decline, up to total loss. The initial price is 100.00% of face; the agent’s commission is 4.00% with 96.00% proceeds to the issuer. The issuer’s estimated value is expected between $852.30 and $932.30 per Note. The Notes will not be listed and are unsecured, unsubordinated obligations 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 least performing of the S&P 500 Index and the Dow Jones Industrial Average. The five-year notes target an Initial Valuation Date of November 24, 2025, an Issue Date of November 28, 2025, and a Maturity Date of November 29, 2030.
The notes are issued in $1,000 denominations at an initial issue price of $1,000 per note. Payment at maturity depends on the worst-performing index: upside tracks positive return; a 15.00% buffer protects principal down to a 15% decline; below that, investors lose 1% of principal for each 1% drop beyond −15%, up to an 85.00% maximum loss. There are no periodic coupons or dividends.
Barclays Capital Inc. acts as agent with a 4.00% selling commission per $1,000 note (proceeds to the issuer 96%). The estimated value on the Initial Valuation Date is expected between $857.00 and $937.00 per note. The notes are unsecured, unsubordinated obligations, will not be listed, and include explicit consent to potential U.K. Bail-in Power.
Barclays Bank PLC filed a preliminary pricing supplement for Phoenix 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 at 100% of face value, with agent commissions of 2.80% and issuer proceeds of 97.20% per Note.
The Notes pay a contingent coupon of $6.042 per $1,000 (0.6042% based on a 7.25% per annum rate) on scheduled dates only if each index closes at or above its Coupon Barrier Value (70% of its Initial Value). The Notes are automatically callable on specified dates if each index 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 index is at or above its Barrier Value (70% of Initial Value); otherwise, repayment is $1,000 plus $1,000 times that index’s return, risking up to 100% loss.
The Notes will not be listed. Estimated value on the Initial Valuation Date is expected between $885.20 and $945.20 per Note. Payments are subject to Barclays’ credit and consent to any U.K. Bail‑in Power.
Barclays Bank PLC announced a preliminary 424(b)(2) pricing supplement for AutoCallable Notes due November 29, 2028, linked to the least performing of the Dow Jones Industrial Average, Russell 2000, and Nasdaq-100.
The notes may be automatically called if, on a call valuation date, the closing value of each index is at or above its Call Value (100% of Initial). The Redemption Price equals $1,000 plus a Call Premium calculated as the Periodic Call Premium of $117.50 per $1,000 (11.75% per annum) multiplied by the number of years elapsed, rounded to the nearest half-year. If not called, principal is protected only if the least performing index finishes at or above its Barrier (70% of Initial); otherwise repayment declines one-for-one with the least performer.
Denomination is $1,000; price to public 100.00%; agent commission 2.80%; proceeds to issuer 97.20%. The issuer’s estimated value on the Initial Valuation Date is expected between $888.60 and $948.60 per $1,000. The notes are unsecured obligations of Barclays Bank PLC, not listed, and subject to U.K. Bail-in Power. Key dates: Initial Valuation November 24, 2025; Issue November 28, 2025; Maturity November 29, 2028; scheduled call dates in 2026–2028.
Barclays Bank PLC filed a preliminary pricing supplement for Callable Contingent Coupon Notes due November 29, 2028, linked to the least performing of the S&P 500, Russell 2000, and Nasdaq-100. The notes pay a contingent 8.50% per annum coupon ($7.083 per $1,000 period) only if each index is at or above 80% of its Initial Value on the relevant observation date.
At maturity, if not redeemed earlier, investors receive $1,000 per note if the least performing index is at or above 70% of its Initial Value; otherwise, repayment equals $1,000 plus $1,000 times that index’s return, which can reduce principal by up to 100%. The issuer may redeem the notes, in whole, at its discretion after approximately six months on specified call dates, paying $1,000 plus any due coupon.
Key economics include a price to public of 100%, agent commission of 2.80%, and proceeds to issuer of 97.20% per note. Barclays’ estimated value on the initial valuation date is expected between $898.50 and $958.50 per $1,000. The notes are unsecured, not listed, and subject to the U.K. Bail-in Power.
Barclays Bank PLC filed a preliminary pricing supplement for AutoCallable Notes linked to the least performing of the Dow Jones Industrial Average, Russell 2000 Index, and Nasdaq-100 Index, under its Global Medium‑Term Notes, Series A. The notes are unsecured, unsubordinated obligations and will not be listed on any U.S. exchange.
Each $1,000 note may be automatically called on annual Call Valuation Dates if all three indices are at or above their Call Value (100% of Initial Value), paying a Redemption Price equal to $1,000 plus a Call Premium of $100 per year (10.00% per annum). If not called, maturity payment depends on the worst index: full principal if its Final Value is at or above the 70.00% Barrier Value; otherwise, repayment declines one‑for‑one with the index’s loss, down to zero.
Key terms include minimum denomination of $1,000; Price to Public 100.00%; Agent’s Commission 4.00%; proceeds to issuer 96.00% per note. The issuer’s estimated value on the Initial Valuation Date is expected to be $850.00–$928.60 per $1,000. Initial Valuation Date is November 24, 2025; Issue Date November 28, 2025; Maturity Date November 29, 2030. Holders consent to potential exercise of U.K. Bail‑in Power, which could reduce, convert, or cancel payments.
Barclays Bank PLC filed a preliminary pricing supplement for unsecured notes linked to the S&P 500 Index, maturing on November 29, 2028. The notes pay no coupons and return principal at maturity, with upside capped at a Maximum Return of 14.50%. If the index is flat or higher at maturity, holders receive $1,000 plus the lesser of the index return or 14.50% per $1,000 note; if lower, they receive $1,000.
Key terms include: minimum denomination $1,000; Initial Valuation Date November 24, 2025; Final Valuation Date November 24, 2028; Issue Date November 28, 2025. Pricing shows 100.00% price to public, 2.50% agent’s commission, and 97.50% proceeds to Barclays. The issuer’s estimated value is expected to be $901.50–$961.50 per note on the Initial Valuation Date. The notes will not be listed and are subject to the U.K. Bail-in Power.
Barclays Bank PLC plans to issue AutoCallable Notes due November 7, 2030, linked to the least performing of the Dow Jones Industrial Average, Russell 2000 Index, Nasdaq‑100 Index and S&P 500 Index. The notes are offered in $1,000 denominations at 100% of face value, with an agent’s commission of 0.75% and initial proceeds to Barclays of 99.25% per note. They will not be listed on any exchange and are unsecured, unsubordinated obligations subject to U.K. Bail‑in Power.
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 (100% of its Initial Value). If called, investors receive $1,000 plus a Call Premium of $131 per $1,000 for each year (13.10% per annum, rounded to the nearest half‑year). At maturity, if not called: investors receive $1,000 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. Barclays’ estimated value is expected between $888.10 and $968.10 per note.
Barclays Bank PLC filed a preliminary 424(b)(2) pricing supplement for Buffered Supertrack Notes due November 29, 2030. The notes are linked to the least performing of the S&P 500 Index, the Dow Jones Industrial Average, and the Nasdaq-100 Index. At maturity, holders receive per $1,000 note: the upside of the least performing index if its final value is at or above its initial value; $1,000 if the final value is at or above the Buffer Value (70.00% of initial); or $1,000 plus the index return plus the 30.00% buffer if below the buffer. If the least performing index finishes below the buffer, investors lose 1.00% of principal for each 1.00% drop beyond -30.00%, up to a 70.00% maximum loss.
The notes are unsecured, unsubordinated obligations of Barclays, are not listed, and are subject to the U.K. Bail-in Power. Denomination is $1,000 with an initial issue price of $1,000, a price to public of 100.00%, Agent’s commission of 4.00%, and proceeds to the issuer of 96.00%. Barclays’ estimated value on the Initial Valuation Date is expected between $855.10 and $935.10 per note. Key dates: Initial Valuation Date November 24, 2025; Issue Date November 28, 2025; Final Valuation Date November 25, 2030; Maturity Date November 29, 2030. The notes pay no coupons and provide no dividend or voting rights.
Barclays Bank PLC plans to issue callable contingent coupon notes linked to the Russell 2000 and Nasdaq‑100, maturing on August 27, 2027. The notes pay a 9.25% per annum contingent coupon (0.7708% monthly) only if on each observation date both indices close at or above 80% of their initial values. Barclays may redeem the notes, in whole, at its discretion on specified call dates starting after roughly three months.
At maturity, if not previously redeemed, investors receive $1,000 per note only if the least‑performing index is at or above its 80% barrier; otherwise, repayment is reduced one‑for‑one with that index’s decline, down to zero. The notes are unsecured, unsubordinated obligations, not listed, and subject to U.K. Bail‑in Power. Initial issue price is $1,000, with an agent commission of 2.175% and issuer proceeds of 97.825% per note. Barclays’ estimated value on the initial valuation date is expected between $917.20 and $967.20 per note.
Barclays Bank PLC priced $3,425,000 Trigger Callable Contingent Yield Notes linked to the least performing of the Nikkei 225, Russell 2000 and S&P 500, due April 30, 2029. The notes pay a quarterly contingent coupon at an annual rate of 11.50% ($0.2875 per $10 note per quarter) only if each index closes at or above its Coupon Barrier (70% of its initial level) on every scheduled trading day in the observation period. Barclays may call the notes on any quarterly observation end date before maturity, returning principal plus any due coupon.
At maturity, if not called, investors receive $10 per note plus any due coupon only if each index is at or above its Downside Threshold (60% of initial). Otherwise, repayment is reduced in line with the worst index’s decline, up to a total loss. Initial issue price is $10.00 per note; underwriting discount $0.10; proceeds to issuer $3,390,750. Barclays’ estimated value on the trade date is $9.773 per note. Key dates: trade Oct 30, 2025, settlement Oct 31, 2025, final valuation Apr 26, 2029. Payments are unsecured obligations of Barclays and subject to U.K. Bail-in Power; the notes will not be listed.