iPath Select MLP ETN 424B Filings

Barclays Bank PLC filed a 424B2 for Contingent Income Auto‑Callable Securities due October 29, 2026, linked to Apple Inc. common stock. The notes offer a contingent quarterly payment of $25.625 per $1,000 (2.5625%) when Apple’s closing price is at or above the downside threshold of $210.26 (80% of the $262.82 initial value). If Apple closes at or above the initial value on a determination date (other than the final one), the notes auto‑redeem for $1,000 plus the contingent payment.

Principal is at risk. If not redeemed early and Apple’s final value is below the threshold, repayment equals $1,000 multiplied by the underlier performance factor, which can result in a loss greater than 20% and up to all principal. The offering totals $4,545,000 at $1,000 per security, with proceeds to the issuer of $4,465,462.50 after $79,537.50 in commissions. Determination dates are January 26, 2026; April 24, 2026; July 24, 2026; and October 26, 2026. The notes are unsecured, unsubordinated, not listed, and subject to U.K. Bail‑in Power.

Barclays Bank PLC intends to issue Phoenix AutoCallable Notes due November 4, 2027 linked to the least performing of META, INTC and TSLA. The notes pay a contingent coupon at 23.00% per annum (1.9167% per period, $19.167 per $1,000) only if, on each Observation Date, the closing value of each stock is at or above its Coupon Barrier set at 60% of Initial Value.

The notes are auto‑callable starting after roughly three months: on any Call Valuation Date, if all three stocks are at or above 100% of Initial Value, investors receive the Redemption Price ($1,000) plus the applicable coupon and the notes end. If held to maturity and not called: if the least performer finishes at or above its Barrier (50% of Initial Value), principal is repaid; otherwise, repayment reflects the full downside of the least performer, and Barclays may deliver shares under a physical settlement option. Principal loss up to 100% is possible.

Per-note economics: price to public 100%, agent’s commission 3.25%, proceeds to issuer 96.75%. Estimated value on pricing is expected between $885.50–$935.50 per $1,000 note. The notes are unsecured, will not be listed, and are subject to the U.K. Bail‑in Power.

Barclays Bank PLC filed a preliminary 424B2 for unsecured notes offering contingent monthly coupons tied to the Barclays US Tech Accelerator 6% Decrement USD ER Index (BXIIUT4E). The notes pay a $9.625 coupon per $1,000 (annualized 11.55%) on each Observation Date only if the Index closes at or above the Coupon Barrier, set at 50% of the Initial Underlier Value.

Beginning with the sixth Observation Date, the notes are automatically redeemed if the Index closes at or above the Initial Underlier Value, returning $1,000 plus any due coupon. If held to maturity and the Final Underlier Value is at or above the 50% Barrier, repayment is $1,000 plus the final coupon; otherwise, principal is reduced 1-for-1 with the Index decline from the Initial Underlier Value, up to total loss.

The Index is an excess return strategy with 6% per annum decrement and variable exposure of 100%–400% to a Nasdaq‑100 futures excess return index, which can magnify losses and includes an implicit financing cost. Price to public is 100% of face; agent commission 1.25% (proceeds 98.75%). Payments are subject to Barclays’ credit and consent to the U.K. Bail-in Power.

Barclays Bank PLC filed a preliminary pricing supplement for Callable Contingent Coupon Notes linked to the least performing of Starbucks (SBUX), lululemon (LULU) and Adobe (ADBE), due November 10, 2027. The notes pay a $20.00 per $1,000 Contingent Coupon (2.00% per period; 24.00% per annum) when each stock is at or above its Coupon Barrier Value on the relevant monthly Observation Date.

The issuer may redeem the notes quarterly after roughly three months at $1,000 per note plus any contingent coupon. At maturity, if not redeemed, investors receive $1,000 per note when the Least Performing stock finishes at or above its 60.00% Barrier Value; otherwise, repayment is reduced one-for-one with the decline and may be zero. Initial issue price is $1,000, agent’s commission is 0.50%, and proceeds to Barclays are 99.50% of principal. The estimated value on the Initial Valuation Date is expected to be $931.10–$981.10 per note. The notes will not be listed and are subject to U.K. Bail-in Power.

Barclays Bank PLC filed a preliminary 424(b)(2) pricing supplement for Global Medium‑Term AutoCallable Notes linked to the least performing of the Russell 2000 Index (RTY) and EURO STOXX 50 Index (SX5E), scheduled to mature on November 8, 2030.

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 (100.00% of Initial Value). The Call Premium accrues at a Periodic Call Premium of $110.00 per $1,000 principal amount per year (11.00% per annum), paid upon redemption. If not called, principal is repaid at maturity only if the least performing index is at or above its Barrier Value (75.00% of Initial Value); otherwise, repayment is reduced one‑for‑one with the decline, up to a total loss.

Initial issue price is $1,000 per Note; agent’s commission is 3.05%, with proceeds to Barclays of 96.95% per Note. The estimated value on the Initial Valuation Date is expected between $878.00 and $958.00 per Note. The Notes are unsecured and unsubordinated, will not be listed, and are subject to the consented U.K. Bail‑in Power.

Barclays Bank PLC filed a preliminary pricing supplement for Callable Contingent Coupon Notes due November 5, 2030 linked to the least performing of the S&P 500, Nasdaq‑100 and Russell 2000. The notes pay a contingent monthly coupon of $7.167 per $1,000 (an annual rate of 8.60%) only if each index closes at or above its Coupon Barrier (70% of initial) on the relevant observation date. At maturity, if not called and the least‑performing index is at or above its Barrier (50% of initial), investors receive $1,000 per note; otherwise repayment is reduced one‑for‑one with the index decline, up to a total loss.

The issuer may redeem the notes, in whole, at its discretion on specified call dates after roughly three months, paying $1,000 plus any due coupon. The notes price at 100.00% of principal; agent commission is 0.75% and proceeds to Barclays are 99.25% per note. The estimated value on the initial valuation date is expected between $902.10 and $982.10 per $1,000. Payments are subject to Barclays’ credit and consent to any U.K. Bail‑in Power. The notes will not be listed on any U.S. exchange.

Barclays Bank PLC priced $4,529,000 Phoenix AutoCallable Notes due July 28, 2026, 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 $7.50 per $1,000 (0.75% per month; 9.00% per annum) on scheduled dates only if each index is at or above its 80.00% Coupon Barrier. They are auto-callable at par on specified dates beginning January 23, 2026 if each index is at or above its 100.00% Call Value.

At maturity, if not called, investors receive $1,000 per note if the final level of the least performing index is at or above its 70.00% Barrier; otherwise the payoff declines one-for-one with that index’s drop, up to total loss. Initial issue price is $1,000 per note; agent’s commission is 1.35% and proceeds to Barclays are 98.65%. Barclays’ estimated value on the Initial Valuation Date is $984.00 per note. The notes are unsecured obligations subject to Barclays’ credit risk and consent to any U.K. Bail-in Power, and will not be listed on any U.S. exchange.

Barclays Bank PLC plans to offer Phoenix AutoCallable Notes due November 4, 2027, linked to the least performing of Marvell Technology (MRVL), Ford (F) and Delta Air Lines (DAL). The notes pay a contingent coupon of $16.667 per $1,000 each observation period (a 20.00% per annum rate) only if all three stocks are at or above their coupon barriers. The notes can be automatically called if all three are at or above 100.00% of their initial values on a call date.

Coupon barrier is 60.00% of initial for each stock; principal protection applies only if the least performing stock finishes at or above its 50.00% barrier at maturity. Otherwise, repayment is reduced one-for-one with the decline, and Barclays may elect physical share delivery of the worst performer. The notes are unsecured, unsubordinated obligations of Barclays, subject to U.K. Bail-in Power, not listed on any exchange, and sold in $1,000 denominations. Price to public: 100.00%; agent’s commission: 3.25%; proceeds to issuer: 96.75%. The estimated value on the initial valuation date is expected between $885.80 and $935.80 per note.

Barclays Bank PLC priced $1,439,000 AutoCallable Notes due October 28, 2030, linked to the least performing of the S&P 500 Index (SPX) and Russell 2000 Index (RTY). The notes may be automatically called on scheduled dates if the closing value of each index is at or above its Call Value (100% of initial). The Call Premium accrues at $113 per $1,000 (11.30% per annum), paid only upon automatic call.

Initial values and barriers: SPX 6,738.44 (barrier 4,379.99), RTY 2,482.657 (barrier 1,613.73), with barriers set at 65% of initial. If not called and the least performing index ends below its barrier, repayment falls dollar-for-dollar with the decline, up to a total loss of principal. Price to public is 100.00%, agent commission 0.65%, and proceeds to issuer 99.35%. The issuer’s estimated value is $980.60 per $1,000 at pricing. Payments are unsecured, subject to the credit of Barclays Bank PLC and consent to any U.K. Bail‑in Power. The notes will not be listed.

Barclays Bank PLC filed a preliminary 424(b)(2) pricing supplement for Digital iShares 20+ Year Treasury Bond ETF‑Linked Global Medium‑Term Notes, Series A, due November 8, 2027. The notes pay no interest and are unsecured, unsubordinated obligations subject to U.K. Bail‑in Power.

The maturity payment per $1,000 face amount depends on the iShares 20+ Year Treasury Bond ETF (TLT) from the initial level of $91.43 on October 23, 2025 to the determination date on November 4, 2027. If the final level is at least 90.00% of the initial level, holders receive the maximum settlement amount of $1,158.50. If it is below 90.00%, the return is negative, with losses increasing about 1.1111% for each 1% the final level falls below the threshold. The cap level is 115.85% of the initial level and the maximum payout is $1,158.50.

Pricing terms include price to public at 100% of face, an agent’s commission of 1.47%, and proceeds to Barclays of 98.53% per note. The notes are not listed on any exchange and any secondary market making is discretionary.

Barclays Bank PLC is offering preliminary Global Medium‑Term Notes, Series A that pay a Contingent Coupon linked to three stocks: Apple, Amazon, and Tesla. The coupon is $10.50 per $1,000 (12.60% per annum, 1.05% monthly) for any Observation Date when the Closing Value of each Underlier is at or above its Coupon Barrier, set at 50.00% of its Initial Underlier Value.

The Notes may be automatically redeemed starting with the sixth Observation Date if each Underlier is at or above its Initial Underlier Value, paying $1,000 plus the coupon on the next payment date. If not redeemed, the Maturity Date is May 4, 2027. At maturity: you receive $1,000 plus the coupon if the Least Performing Underlier is at or above its Barrier; you receive $1,000 if the Least Performing is below its Barrier but the Best Performing is at or above its Initial value; otherwise, your repayment is reduced one‑for‑one with the decline of the Least Performing from its Initial value, which can result in a significant or total loss. The Notes are unsecured obligations of Barclays, subject to its credit risk and the U.K. Bail‑in Power, are offered in $1,000 denominations, priced at 100% with a selling concession of 0.85% (issuer proceeds 99.15%), and will not be listed on a U.S. exchange.

Barclays Bank PLC outlines a preliminary 424B2 for unsecured, unsubordinated Fixed Coupon Barrier Notes linked to JPMorgan Chase, Eli Lilly, and Netflix common stock. The Notes pay a fixed coupon of $7.417 per $1,000 monthly (an annual rate of 8.90%), subject to automatic redemption.

The Notes may be called starting roughly four months after issuance if each Underlier is at or above its Call Value, which steps down from 95% to 90% to 85% of the Initial Underlier Value on scheduled observation dates. If not called, at maturity investors receive $1,000 plus the coupon only if the Least Performing Underlier is at or above its Barrier set at 55% of its Initial Value; otherwise, principal is reduced one-for-one with the Underlier’s decline. Investors forgo dividends and face full downside to the least performing stock.

Key dates: Initial Valuation Date October 24, 2025, Issue Date November 3, 2025, Final Valuation Date October 26, 2027, Maturity November 3, 2027. Minimum denomination is $1,000. Per Note economics: Price to public 100%, agent commission 2.50%, proceeds to Barclays 97.50%. The Notes will not be listed and are subject to the U.K. Bail‑in Power.

Barclays Bank PLC announced a preliminary 424(b)(2) pricing supplement for AutoCallable Notes due November 3, 2028, linked to the least performing of the Nasdaq-100, Russell 2000, and S&P 500. 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 equal to $115 per $1,000 multiplied by years elapsed (11.50% per annum). If not called, repayment at maturity depends on the least-performing index: at or above the 70% Barrier returns $1,000; below the Barrier pays $1,000 plus $1,000 times the index return, which can result in a total loss of principal.

Denominations are $1,000. The price to public is 100.00%, agent commission is 2.80%, and issuer proceeds are 97.20% per note. Initial Valuation Date is October 31, 2025; Issue Date is November 5, 2025; Final Valuation Date is October 31, 2028. The estimated value on the Initial Valuation Date is expected between $896.50 and $956.50 per note. The notes are unsecured, unsubordinated obligations, subject to U.K. Bail-in Power, and will not be listed on any U.S. exchange.

Barclays Bank PLC launched a preliminary pricing supplement for Callable Contingent Coupon Notes due November 3, 2028 linked to the least performing of the Nasdaq-100 Index, the Russell 2000 Index, and the iShares 20+ Year Treasury Bond ETF. The notes pay a contingent coupon of $9.167 per $1,000 (an annual rate of 11.00%) on scheduled dates only if each reference asset is at or above its 70.00% coupon barrier on the related observation date.

The issuer may redeem the notes in whole (not in part) at its discretion starting after roughly six months, on specified call valuation dates, paying $1,000 per note plus any due coupon. If the notes are not redeemed, repayment at maturity depends on the least performing asset: $1,000 per note if it finishes at or above its 70.00% barrier, or $1,000 plus $1,000 times its return if below, which can result in a loss of up to 100.00% of principal.

The initial issue price is $1,000 per note; the agent’s commission is 0.70%, with proceeds to Barclays of 99.30% per note. The estimated value on the initial valuation date is expected between $932.40 and $992.40 per note. Payments are subject to Barclays’ credit and the potential exercise of a U.K. Bail-in Power. The notes will not be listed on any exchange.

Barclays Bank PLC filed a preliminary 424(b)(2) for Autocallable Contingent Coupon Barrier Notes linked to the Barclays US Tech Accelerator 6% Decrement USD ER Index, maturing on October 29, 2030. The notes pay a contingent monthly coupon of $11.167 per $1,000 (13.40% p.a.) only when the Index closes at or above the Coupon Barrier, set at 70% of the Initial Value. Beginning with the sixth observation date, the notes auto-call if the Index is at or above its Initial Value, returning $1,000 plus the due coupon(s).

At maturity, if not called and the Final Value is at or above the Barrier (50% of Initial), investors receive $1,000 plus any due coupons; otherwise the payoff equals $1,000 + ($1,000 × Underlier Return), risking a significant or total loss. Denomination is $1,000; price to public 100%, agent commission 1.25%, and issuer proceeds 98.75%. The notes are unsecured, will not be listed, and are subject to U.K. Bail-in Power.

The Index includes a 6% per annum decrement deducted daily and a variable exposure mechanism (100%–400%) tied to realized volatility, which can drag performance and magnify losses.

Barclays Bank PLC launched a preliminary pricing supplement for Phoenix AutoCallable Notes due May 5, 2027, linked to the common stock of Marvell Technology, Inc. (MRVL). These unsecured, unsubordinated notes offer a contingent coupon of $35.25 per $1,000 each Observation Date (equivalent to 14.10% per annum) if MRVL’s closing price is at or above the Coupon Barrier.

The notes may be automatically called on scheduled dates starting about three months after issuance if MRVL is at or above the Call Value. Key levels are set from the Initial Value of $82.77: Call Value $74.49 (90%), Coupon Barrier $49.66 (60%), and Barrier $41.39 (50%). If not called and MRVL finishes below the Barrier at maturity, repayment is reduced one-for-one with MRVL’s decline; investors could lose up to 100% of principal. If MRVL is at or above the Barrier at maturity, principal is repaid.

Issue date is November 3, 2025. Price to public is 100% of face value; agent’s commission is 2.375% (proceeds 97.625%). The estimated value on the Initial Valuation Date is expected between $902.60 and $952.60 per $1,000. Payments are subject to Barclays’ credit and the U.K. Bail-in Power. The notes will not be listed on any U.S. exchange.

Barclays Bank PLC priced $6,840,000 of Callable Contingent Coupon Notes due April 27, 2028, linked to the least performing of the Russell 2000, Nasdaq-100, and S&P 500 indices. The initial issue price is $1,000 per note; agent commission is 1.00%, with proceeds to Barclays of 99.00%.

The notes pay a contingent coupon at 8.45% per annum ($7.042 per $1,000 note per period) only if on an observation date each index is at or above its Coupon Barrier (75% of its initial value). At maturity, if not earlier redeemed, investors receive $1,000 per note if the least performing index is at or above its Barrier (55% of initial). Otherwise, repayment equals $1,000 plus $1,000 times the least performer’s return, which can result in up to a 100% loss of principal.

The issuer may, at its sole discretion, redeem the notes in whole on specified call valuation dates (the notes cannot be redeemed for approximately the first six months), paying $1,000 per note plus any due coupon. The notes are unsecured, unsubordinated obligations subject to U.K. Bail‑in Power, will not be listed, and have an estimated value on the initial valuation date of $982.40 per note.

Barclays Bank PLC is offering $2,352,000 of Callable Contingent Coupon Notes due October 26, 2028, linked to the least performing of the S&P 500 Index, Russell 2000 Index and Nasdaq-100 Technology Sector Index. The notes pay a 10.55% per annum contingent coupon ($8.792 per $1,000) only if on each Observation Date all three indices close at or above their Coupon Barrier Values (75% of initial). Barclays may call the notes, in whole, on scheduled Call Valuation Dates starting after approximately three months, at $1,000 per $1,000 plus the applicable coupon.

At maturity, if not called: you receive $1,000 per $1,000 only if the Least Performing Index is at or above its Barrier Value (60% of initial). Otherwise, repayment is reduced one-for-one with the decline of the Least Performing Index, up to a 100% loss of principal. The notes are unsecured, unsubordinated obligations subject to Barclays’ credit risk and the consented U.K. Bail-in Power. Denominations are $1,000. Initial issue price is $1,000 per note; agent’s commission is 0.85% ($8.50 per $1,000); proceeds to Barclays are $2,332,008. These notes will not be listed on any U.S. exchange.

Barclays Bank PLC priced $3,769,000 of Global Medium‑Term Notes, Series A: Callable Contingent Coupon Notes due October 26, 2028 linked to the least performing of the S&P 500 Index, Russell 2000 Index and Nasdaq‑100 Technology Sector Index.

The notes pay a 10.00% per annum contingent coupon ($8.333 per $1,000) only if, on each Observation Date, all three indices close at or above their Coupon Barrier Value (70% of Initial Value). At maturity, if not called and the least performing index is at or above its Barrier Value (60%), holders receive $1,000 per note; otherwise repayment falls one‑for‑one with that index’s decline, up to a 100% principal loss. Barclays may redeem early (whole, not in part) on scheduled Call Valuation Dates, paying $1,000 plus any due coupon.

Key terms include $1,000 denominations, Initial Valuation Date October 22, 2025, Issue Date October 27, 2025, and Calculation Agent Barclays Bank PLC. Pricing: price to public 100.00%, agent’s commission 0.70% ($7 per $1,000), and proceeds to issuer 99.30% ($3,742,617). The issuer’s estimated value was $983.20 per note. Payments are unsecured, subject to Barclays’ credit and the U.K. Bail‑in Power. The notes are not listed and offer no dividends or voting rights.

Barclays Bank PLC priced $2,189,000 of Capped Leveraged Buffered S&P 500 Index‑Linked Global Medium‑Term Notes, Series A, due June 30, 2027.

The notes pay no interest and are unsecured, unsubordinated obligations. Repayment depends on Barclays’ credit and consent to potential U.K. Bail‑in Power. Performance is tied to the S&P 500 from the October 22, 2025 trade date to the June 28, 2027 determination date, with an initial underlier level of 6,699.40. Upside participation is 160% and is capped at a maximum settlement amount of $1,192.00 per $1,000 face amount. A 12.50% buffer applies: if the index falls by more than 12.50% (buffer level 87.50% of initial), principal is reduced.

The notes will not be listed. The agent’s commission is 0.00%, and proceeds to Barclays equal $2,189,000. The issuer discloses its estimated value on the trade date is less than the initial issue price, and secondary market prices (if any) may be lower, particularly before and after any temporary reimbursement period.

Barclays Bank PLC is offering unsecured, unsubordinated structured Notes linked to the Russell 2000 and S&P 500. The Notes pay a Contingent Coupon of $17.25 per $1,000 each Observation Date (1.725% quarterly; 6.90% per annum) only if the Closing Value of each index is at or above 80.00% of its Initial Underlier Value. Initial levels: RTY 2,451.552 (barrier 1,961.24) and SPX 6,699.40 (barrier 5,359.52).

At maturity on October 26, 2028, if the Lesser Performing Underlier is at or above its 80% Buffer Value, holders receive $1,000 plus any due coupon. If it is below, repayment equals $1,000 + [$1,000 × (Underlier Return + 20.00%)], exposing investors to losses up to 80.00% of principal.

Denomination is $1,000; price to public 100%, agent’s commission 0.35%, proceeds 99.65%. Issue Date is October 27, 2025. The Notes are not listed, are subject to the U.K. Bail‑in Power, and payments depend on Barclays’ credit.

Barclays Bank PLC filed a preliminary 424(b)(2) pricing supplement for AutoCallable Contingent Coupon Notes due May 5, 2027 linked to the least performing of the S&P 500, Russell 2000, and Nasdaq‑100. The notes are unsecured, unsubordinated obligations under the Global Medium‑Term Notes, Series A program and will not be listed.

The notes pay a $15.625 contingent coupon per $1,000 (1.5625% per quarter; 6.25% per annum) only if on each Observation Date all three indices are at or above their Coupon Barrier Value of 75.00% of Initial Value. They are automatically called if, on a Call Valuation Date, each index is at or above 92.25% of its Initial Value; investors then receive $1,000 plus the applicable coupon. At maturity, if not called, principal is repaid in full if the least performing index is at or above its Initial Value, or if below Initial Value and no Knock‑In Event occurred. If a Knock‑In Event occurs (any index closes below 70.00% of Initial Value on any scheduled trading day through the Final Valuation Date) and the least performer finishes below Initial Value, the payout is $1,000 plus $1,000 times its return, risking up to 100% loss.

Per‑note economics: price to public $1,000; agent’s commission 2.50%; proceeds to issuer 97.50%. Estimated value on the Initial Valuation Date is expected between $916.50 and $966.50 per note. Payments are subject to Barclays’ credit and consent to any U.K. Bail‑in Power.

Barclays Bank PLC filed a preliminary pricing supplement for Buffered Autocallable Fixed Coupon Notes linked to the least performing of Alphabet (GOOGL), The Goldman Sachs Group (GS), and Uber (UBER), maturing on April 28, 2027.

The notes pay $23.875 per $1,000 each period (a 9.55% per annum rate). They auto-call if on a Call Valuation Date the closing value of each reference asset is at or above its initial value, returning $1,000 per note plus the coupon. At maturity, if not called and the least performing asset finishes at or above its 70% buffer, principal is repaid; if below, losses accrue at 1.428571% for every 1% beyond a -30% decline, up to full loss. Barclays may elect physical settlement, delivering shares based on preset amounts.

The initial issue price is 100% of face value; agent commission is 2%, with issuer proceeds of 98%. The issuer’s estimated value per note on the pricing date is expected between $911.70 and $961.70. The notes will not be listed. All payments are subject to Barclays’ credit and the U.K. Bail-in Power.

Barclays Bank PLC is offering preliminary Buffered Callable Contingent Coupon Notes due November 2, 2028, linked to the least performing of the Dow Jones Industrial Average, S&P 500 Index, and Russell 2000 Index. The notes pay a contingent coupon at 8.60% per annum (paid as $21.50 per $1,000 on scheduled dates) only if all three indices are at or above their respective 80% coupon barriers on each observation date.

The notes feature a 20% buffer at maturity; if not called and the least performing index finishes below its 80% buffer value, repayment is reduced 1% for each 1% decline beyond -20%, up to an 80% maximum loss. The issuer may redeem at its option (in whole) on specified call dates starting about six months after issuance, paying $1,000 plus the coupon if due. Denominations are $1,000. The price to public is 100.00%, with an agent commission of 0.50% (proceeds 99.50% per note). Estimated value on the initial valuation date is expected between $927.30 and $987.30 per note.

The notes are unsecured, unsubordinated obligations, will not be listed, and are subject to the U.K. Bail-in Power. All payments depend on Barclays Bank PLC’s credit.

Barclays Bank PLC plans to issue Buffered Callable Contingent Coupon Notes due July 29, 2026, linked to the least performing of XLI, XLU, and XLV. The notes pay a 13% per annum contingent coupon ($10.833 per $1,000 note per period) only if each ETF closes at or above 89.50% of its initial value on the observation date. Barclays may redeem the notes in whole on scheduled call dates after the first month.

At maturity, if not called and the least performing ETF finishes at or above its 89.50% buffer value, investors receive $1,000 per note; otherwise principal is reduced, losing 1.117318% for every 1% the least performer falls below the 10.50% buffer, up to total loss. The notes are unsecured obligations, subject to Barclays’ credit and consent to any U.K. Bail‑in Power, and will not be listed. Denominations are $1,000. Barclays’ estimated value on the pricing date is expected between $938.40 and $988.40 per note.

Barclays Bank PLC filed a preliminary 424B2 for unsecured notes linked to the S&P 500 Index. The Notes pay no interest and do not guarantee full principal repayment. Maturity payment per $1,000 depends on index performance with a Maximum Upside Return of 14.76% (maximum payment $1,147.60). If the index falls but stays within a 10.00% buffer, holders earn a positive 1% return for each 1% decline (capped at 10%). Below the buffer, losses match further declines, up to 90.00% of principal.

Key terms: Initial Valuation Date November 6, 2025; Issue Date November 12, 2025; Final Valuation Date May 6, 2027; Maturity Date May 11, 2027. Price to public is 100% of face value; agent’s commission 1.50%; proceeds to issuer 98.50% per Note. The Notes will not be listed. Payments are subject to the credit of Barclays Bank PLC and the U.K. Bail‑in Power. For U.S. tax, counsel indicates treatment as prepaid forward contracts, with capital gain/loss on disposition or at maturity.

Barclays Bank PLC is offering unsecured, unsubordinated structured notes linked to the S&P 500 Futures Excess Return Index (SPXFP). The Notes pay no interest and do not guarantee full principal; repayment depends on index performance and Barclays’ credit and the U.K. Bail-in Power.

At maturity, gains are paid at a 0.90 participation rate if the index rises. If the index is flat or down but stays at or above the 20.00% buffer, the payoff equals the absolute decline (up to +20.00%). If the index falls below the buffer, losses match the decline beyond 20%, with up to 80.00% loss of principal.

Key terms include $1,000 minimum denomination, no exchange listing, and Barclays as Calculation Agent. Initial valuation is October 24, 2025; issue date October 29, 2025; final valuation October 25, 2027; maturity October 28, 2027. Pricing shows a 0.40% agent’s commission and 99.60% proceeds to Barclays per $1,000 note. Holders consent to potential U.K. Bail-in actions.

Barclays Bank PLC filed a 424B2 for unsecured, unsubordinated structured notes linked to the Barclays US Tech Accelerator 6% Decrement USD ER Index (BXIIUT4E). The notes pay a Contingent Coupon of $16.667 per $1,000 (equivalent to 20.00% per annum or 1.6667% per month) on each Observation Date when the Index’s Closing Value is at or above the Coupon Barrier set at 70.00% of the Initial Underlier Value.

Beginning with the sixth Observation Date, the notes are automatically redeemed if the Index is at or above its initial level, paying $1,000 per note plus the applicable coupon. If held to maturity on November 6, 2031 and not redeemed early: if the Final Underlier Value is at or above the Barrier set at 50.00% of the initial level, repayment of $1,000 plus any coupon occurs; otherwise the payoff equals $1,000 + ($1,000 × Underlier Return), risking significant or total loss.

Key terms: Issue Date November 6, 2025; minimum denomination $1,000; price to public 100%; agent’s commission 1.15%; proceeds to issuer 98.85%. The notes will not be listed, are subject to U.K. Bail‑in Power, and reference an index with a 6% per annum decrement and variable leverage (100%–400%) that can drag performance.

Barclays Bank PLC plans a primary offering 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 contingent coupon of $11.25 per $1,000 each period (1.125%, equivalent to 13.50% per annum) only if each index closes on or above its Coupon Barrier on the observation date.

The issuer may redeem the notes in whole on scheduled call dates after roughly three months, paying $1,000 per note plus any due coupon. At maturity, if not redeemed, investors receive $1,000 per note if the least performing index is at or above its Barrier Value (80% of initial). Otherwise, principal is reduced one‑for‑one with that index’s decline, up to a total loss. Initial price to public is 100% of face value; agent’s commission is 0.50% (up to $5 per $1,000). Barclays estimates initial value between $904.60 and $984.60 per note.

Payments depend on Barclays’ credit and are subject to U.K. Bail‑in Power. The notes are unsecured, unsubordinated, and will not be listed on a U.S. exchange.

Barclays Bank PLC priced $5,181,000 of Digital EURO STOXX 50 Index‑Linked Global Medium‑Term Notes, Series A, due January 15, 2027. The notes pay no interest and the maturity payment depends on the EURO STOXX 50 Index from the trade date (October 21, 2025) to the determination date (January 13, 2027).

If the final index level is at least 90.00% of the initial level of 5,686.83, holders receive the maximum settlement amount of $1,112.50 per $1,000 face amount. If it is below 90.00%, the return is negative; the principal declines by approximately 1.1111% for every 1% the final level is below the threshold. The cap level is 111.25% of the initial level, so upside is limited to the maximum.

The notes are unsecured and unsubordinated obligations of Barclays Bank PLC, subject to its credit and to potential exercise of any U.K. Bail‑in Power. They will not be listed. Pricing shows 0.00% agent’s commission and $5,181,000 proceeds to the issuer. Tax treatment is addressed as prepaid forward contracts, per counsel’s opinion.

Barclays Bank PLC is offering Global Medium‑Term Notes, Series A, with a total principal amount of $250,000, linked to ADBE, MRVL, and TSLA. The notes pay a Contingent Coupon of $35.875 per $1,000 (14.35% per annum) on each Observation Date only if the Closing Value of each underlier is at or above its Coupon Barrier Value.

The notes may be automatically redeemed on any Observation Date (other than the final) if each underlier is at or above its Initial Underlier Value, returning $1,000 per note plus the coupon. If held to maturity and not auto‑called: you receive $1,000 plus the coupon if the Least Performing underlier is at or above its Barrier Value; you receive $1,000 if the Least Performing is below its Barrier but the Best Performing is at or above its Initial Value; otherwise, repayment scales with the Least Performing underlier and you could lose most or all principal.

Key levels (50% barriers): ADBE $178.78; MRVL $42.13; TSLA $221.30. Dates: Initial Valuation Oct 21, 2025; Issue Oct 24, 2025; Maturity Oct 26, 2026. Price to public 100%; agent commission 0.25%; proceeds to Barclays $249,375. The notes are unsecured, not listed, and subject to U.K. Bail‑in Power and the credit risk of Barclays.

Barclays Bank PLC plans to issue market‑linked, principal‑at‑risk notes tied to the lowest performer among the Russell 2000, S&P 500 and EURO STOXX 50. Each $1,000 security pays a contingent coupon of at least 10.00% per annum, due quarterly, but only if on every eligible trading day in the observation period the lowest index stays at or above 70% of its starting level. Barclays may redeem the notes quarterly, paying back principal plus any due coupon.

The notes price on October 27, 2025, issue on October 30, 2025, and mature on May 2, 2030. At maturity, if not called, investors receive $1,000 per note if the lowest index is at or above 60% of its starting level; otherwise, repayment falls in proportion to the index decline, exposing holders to losses that can reach all principal. The original offering price is $1,000, with an agent discount of $12.75 and proceeds to Barclays of $987.25 per security. Payments depend on Barclays’ credit and are subject to the U.K. Bail‑in Power.

Barclays Bank PLC filed a preliminary pricing supplement for Digital S&P 500 Index‑Linked Global Medium‑Term Notes, Series A. The notes pay no interest and the maturity payment depends on S&P 500 performance from the trade date to the determination date. If the final index level is at least 90.00% of the initial level, holders receive the maximum settlement amount, expected to be the threshold settlement amount of $1,075.70–$1,089.00 per $1,000 face amount.

If the final level is below 90.00% of the initial level, returns are negative and losses can reach 100% of principal. The notes are unsecured and unsubordinated obligations of Barclays Bank PLC and are subject to the U.K. Bail‑in Power. Initial issue price is $1,000 per note; the agent’s commission is 0.88% of face, with proceeds to Barclays of 99.12%. There is no listing; Barclays Capital Inc. may make a market but is not obligated. For U.S. tax purposes, counsel describes a treatment as prepaid forward contracts; Section 871(m) is not expected to apply based on current guidance.

Barclays Bank PLC priced $4,733,000 of Global Medium‑Term Notes, Series A: Callable Contingent Coupon Notes due October 25, 2029, linked to the least performing of the S&P 500 Index, Russell 2000 Index and Nasdaq‑100 Technology Sector Index.

The notes pay a 10.00% per annum contingent coupon (0.8333% monthly, $8.333 per $1,000) only if each index is at or above its Coupon Barrier (70% of initial) on the observation date. At maturity, principal is repaid only if the least performing index is at or above its Barrier (60% of initial); otherwise, repayment declines one‑for‑one with that index, up to a total loss.

The issuer may redeem the notes, in whole, at its discretion on scheduled call dates after roughly three months, paying $1,000 per note plus any due coupon. Initial values: SPX 6,735.35; RTY 2,487.685; NDXT 12,981.36. The estimated value is $982.50 per $1,000. Pricing included up to 0.90% agent commission (total $35,799), with proceeds of $4,697,201 to Barclays. The notes are unsecured, subject to Barclays’ credit and potential exercise of the U.K. Bail‑in Power, and will not be listed.

Barclays Bank PLC filed a pricing supplement for $2,232,000 of AutoCallable Notes due October 24, 2030, linked to the least performing of the S&P 500, Russell 2000, and Dow Jones Industrial Average. The notes are callable starting after approximately one year on scheduled quarterly dates; upon an Automatic Call, holders receive $1,000 plus a Call Premium computed at $122.50 per $1,000 per year (12.25% per annum) for the elapsed time.

At maturity, if not called: payment is $1,000 if the least performing index finishes at or above its Barrier Value (70% of Initial Value); otherwise, repayment is reduced one-for-one with the index decline, which can result in a total loss of principal. Initial issue price is $1,000 per note; agent commission is 0.70% ($7 per $1,000), and issuer proceeds total $2,216,376. Barclays’ estimated value on the Initial Valuation Date is $980.70 per note. The notes are unsecured, not listed on any exchange, and are subject to U.K. Bail-in Power.

Barclays Bank PLC priced $800,000 of Global Medium‑Term Notes linked to the least performing of the Dow Jones Industrial Average, Russell 2000, and S&P 500. The notes offer a 7.75% per annum contingent coupon, paying $6.458 per $1,000 monthly only if each index closes at or above its Coupon Barrier (70% of initial) on the observation date. At maturity, principal is repaid only if the least performing index is at or above its Barrier (50% of initial); otherwise, repayment is reduced one‑for‑one with the decline, up to total loss.

The notes are callable at the issuer’s option beginning April 21, 2026 at $1,000 plus any due coupon. Price to public is 100% of face value; agent’s commission is 1%, for issuer proceeds of $792,000. Denomination is $1,000. The estimated value on the initial valuation date is $980.30 per note. The notes are unsecured, unsubordinated obligations, not listed on any exchange, and are subject to U.K. Bail‑in Power and Barclays’ credit risk.

Barclays Bank PLC filed a pricing supplement for $357,000 Global Medium‑Term Notes, Series A, Callable Contingent Coupon Notes due October 26, 2028 linked to the least performing of XBI, XLU and KRE. The notes pay a $33 contingent coupon per $1,000 each period (equivalent to 13.20% per annum) only if all three ETFs are at or above their 70.00% coupon barriers on the observation date.

The notes are callable at the issuer’s discretion (in whole) on specified call valuation dates and cannot be redeemed for approximately the first six months. If held to maturity and the least performing ETF finishes at or above its 70.00% barrier, investors receive $1,000 per note; otherwise, repayment is reduced one‑for‑one with that ETF’s decline, up to a total loss of principal. The initial issue price is $1,000 per note; the issuer’s estimated value is $965.50 per note.

Total proceeds to the issuer are $353,787 after an agent commission of $3,213. The notes are unsecured, not listed, and subject to the consented U.K. Bail‑in Power.

Barclays Bank PLC priced unsecured, unsubordinated principal-at-risk notes linked to AMD, Broadcom, and NVIDIA. The notes pay a Fixed Coupon of $10.292 per $1,000 (12.35% per annum) on each Coupon Payment Date, subject to automatic redemption. The minimum denomination is $1,000.

The notes may be automatically redeemed starting about six months after issuance if on any Redemption Observation Date the Closing Value of each underlier is at or above its Initial Underlier Value, returning $1,000 plus the coupon. At maturity, if not redeemed: investors receive $1,000 plus the coupon if the Least Performing Underlier is at or above its Barrier (70% of initial), or if the Best Performing Underlier is at or above its initial; otherwise, repayment is $1,000 plus $1,000 × Underlier Return of the Least Performing Underlier, which can result in a significant loss of principal.

Key terms include Initial Valuation Date October 21, 2025, Issue Date October 24, 2025, Final Valuation Date October 21, 2027, and Maturity Date October 26, 2027. Initial issue totaled $2,155,000; the agent’s commission is 3.25% and proceeds to the issuer are 96.75%. Holders consent to potential exercise of the U.K. Bail‑in Power. The notes will not be listed on a U.S. exchange.

Barclays Bank PLC is offering $500,000 of unsecured, unsubordinated SPX-linked Knock-Out Notes (424B2). The Notes pay no interest and may be automatically redeemed at $1,000 per $1,000 if, on any scheduled trading day during the Monitoring Period, the S&P 500 Index closes below the Knock-Out Value of 5,725.05 (85.00% of the Initial Underlier Value of 6,735.35). Per-Note minimum denomination is $1,000; the agent’s commission is 0.675%, with total proceeds to Barclays of $496,625.

If no Knock-Out Event occurs, payment at maturity (April 26, 2027) is: (i) $1,056.00 per $1,000 if the Final Underlier Value is at or above the Initial (a fixed 5.60% Digital Percentage), or (ii) $1,000 plus the absolute value of the index return if the Final is below the Initial, capped at a 15.00% maximum total return. Key dates: Initial Valuation Oct 21, 2025; Issue Oct 24, 2025; Final Valuation Apr 21, 2027. The Notes are not listed, their value is subject to Barclays’ credit, and holders consent to potential exercise of U.K. Bail-in Power.

Barclays Bank PLC is offering unsecured, unsubordinated structured notes linked to MP Materials Corp. common stock with a 29.00% Digital Return and a 35.00% buffer. For each $1,000 note, if the Final Underlier Value is at or above the Buffer Value, the payment at maturity is $1,290.00. If the Final Underlier Value is below the Buffer Value, losses apply at a 1.53846 downside leverage factor for each 1% decline beyond the buffer.

Key terms include Initial Underlier Value $82.90, Buffer Value $53.89 (65.00% of initial), Final Valuation Date November 4, 2026, and Maturity Date November 9, 2026. The initial issue price is $1,000 per note; total offering is $1,965,000 with a 1% agent’s commission ($19,650) and $1,945,350 in proceeds to Barclays.

The notes will not be listed on any U.S. exchange and are subject to the U.K. Bail‑in Power, which could reduce, convert, or cancel payments. Any payment depends on Barclays’ creditworthiness.

Barclays Bank PLC is offering Phoenix AutoCallable Notes due April 30, 2027 linked to the Class C common stock of Dell Technologies Inc. (DELL) under its Global Medium‑Term Notes, Series A program.

The notes pay a contingent coupon of $33.75 per $1,000 (13.50% per annum) on scheduled dates only if Dell’s closing price is at or above the Coupon Barrier of $104.60 (70% of the Initial Value of $149.43). Starting after roughly three months, an automatic call occurs if Dell is at or above the Call Value of $134.49 (90% of Initial Value), returning $1,000 plus the coupon. If not called, at maturity you receive $1,000 per note if the Final Value is at or above the Barrier of $89.66 (60% of Initial Value); otherwise, principal is reduced one‑for‑one with Dell’s decline, up to a total loss. Price to public: 100%; agent’s commission: 2.375%; proceeds to issuer: 97.625%. The issuer’s estimated value on the initial valuation date is expected to be $905.10–$955.10 per $1,000. The notes are unsecured, subject to U.K. Bail‑in Power, and will not be listed. Minimum denomination is $1,000.

Barclays Bank PLC plans a primary offering of Callable Contingent Coupon Notes due November 2, 2028, linked to the least performing of the Nasdaq-100 Technology Sector Index (NDXT), the Russell 2000 Index (RTY) and the S&P 500 Index (SPX). The notes are issued in $1,000 denominations at 100% of principal, with agent’s commission of 0.70% and proceeds to Barclays of 99.30% per note.

The notes pay a contingent coupon of $7.50 per $1,000 each Observation Date (9.00% per annum) only if each index closes at or above its Coupon Barrier (70% of initial). If any index is below its barrier on an Observation Date, no coupon is paid for that period. Barclays may redeem the notes, in whole, on designated Call Valuation Dates; upon redemption, holders receive $1,000 plus the applicable coupon.

At maturity, if not redeemed, repayment of principal is contingent. If the least performing index is at or above its Barrier Value (50% of initial), holders receive $1,000 per note; otherwise, the payoff declines one-for-one with that index, and up to 100% of principal may be lost. Payments are subject to Barclays’ credit and consent to any U.K. Bail-in Power. The estimated value is expected between $925.40 and $985.40 per note on the initial valuation date.

Barclays Bank PLC amended a pricing supplement for $890,000 Autocallable Fixed Coupon Notes due October 21, 2027, linked to the least performing of Altria (MO), Medtronic (MDT), and Amazon (AMZN). The notes pay a fixed coupon of 10.00% per annum (0.8333% per month) and can be automatically called on scheduled dates starting after approximately six months if each reference asset is at or above its Call Value (100% of Initial Value).

At maturity, if not called, investors receive $1,000 per note if the Least Performing asset is at or above its Barrier (60% of Initial Value); otherwise, repayment is reduced one-for-one with the decline in that asset, up to a total loss of principal. The notes are unsecured, unsubordinated obligations, subject to Barclays’ credit risk and the U.K. Bail-in Power, and will not be listed.

The initial issue price is $1,000 per note; agent commission 1.25%, with proceeds to Barclays of 98.75% ($878,875). Barclays’ estimated value on the Initial Valuation Date is $956.10 per note. Key dates include the Issue Date October 22, 2025, Final Valuation Date October 18, 2027, and Maturity October 21, 2027.

Barclays Bank PLC launched a preliminary pricing supplement for Buffered Supertrack Notes tied to the Nasdaq-100 Index. These unsecured, unsubordinated notes target maturity on December 8, 2026, with an Initial Valuation Date of November 4, 2025 and issue on November 7, 2025.

At maturity, each $1,000 note pays: (1) upside equal to the index return capped at 15.00%; (2) full principal if the index decline is within a 15.00% buffer; or (3) losses beyond the buffer at a 1.176471x downside rate, up to total loss. The notes pay no coupons, offer no dividends or voting rights, and will not be listed.

Pricing terms include a price to public of 100.00%, agent’s commission of 0.25% (up to $2.50 per $1,000), and issuer proceeds of 99.75% per note. The issuer’s estimated value on the valuation date is expected between $939.00 and $989.00 per note. Holders consent to potential U.K. Bail-in Power, meaning principal and terms could be written down or converted by U.K. authorities.

Barclays Bank PLC plans to offer Performance Leveraged Upside Securities (PLUS) linked to the Russell 2000 Index, maturing on December 3, 2026. These unsecured, unsubordinated notes pay no interest and return depends on index performance at maturity.

At maturity, if the final index level exceeds the initial level, holders receive the lesser of $1,000 plus a leveraged gain and the maximum payment of at least $1,180.50 per PLUS. The leveraged gain applies a 300% leverage factor to the index return. If the final level is at or below the initial level, the payout equals $1,000 multiplied by the underlier performance factor (final/initial), which can result in a substantial loss, including a total loss of principal.

Key terms include a stated principal of $1,000 per PLUS, pricing on October 31, 2025, original issue on November 5, 2025, and valuation on November 30, 2026. Per note economics list agent’s commissions of $17.50 and $5.00, with proceeds to the issuer of $977.50 per PLUS. The PLUS will not be listed. Payments are subject to the credit of Barclays and the consented U.K. Bail‑in Power.

Barclays Bank PLC filed a preliminary 424(b)(2) for Phoenix AutoCallable Notes linked to the least performing of Alphabet (GOOGL), SoFi (SOFI) and Snap (SNAP). The Notes offer a contingent coupon of 2.8958% per month (a 34.75% per annum rate) when 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 initial value on specified call dates.

The Notes have a $1,000 minimum denomination, an Initial Valuation Date of October 31, 2025, Issue Date of November 5, 2025, and mature November 4, 2027. Key thresholds per stock: Call Value 100% of initial; Coupon Barrier 60%; Barrier 50%. At maturity, if not called and the least performing stock finishes below its barrier, repayment reflects that stock’s decline; Barclays may alternatively elect physical delivery of shares per a set formula.

Pricing shows a Price to Public 100.00%, Agent’s Commission 3.25%, and Proceeds 96.75% to Barclays. The estimated value is expected between $866.80 and $916.80 per note on the Initial Valuation Date. Payments are unsecured, subject to Barclays’ credit and the U.K. Bail‑in Power. The Notes will not be listed.

Barclays Bank PLC filed a 424B2 pricing supplement for a new offering of $517,000 principal amount of unsecured structured notes linked to three equities: Dell Technologies (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% per month) on any Observation Date when the Closing Value of each Underlier is at or above its Coupon Barrier Value (60% of its Initial Value); missed coupons accrue and may be paid later if conditions are met.

Automatic redemption can occur starting on the twelfth Observation Date if each Underlier is at or above its Initial Value, returning $1,000 per Note plus the applicable coupon and any unpaid coupons. At maturity, outcomes depend on the Least Performing Underlier: if it is at or above its 60% Barrier, principal is repaid; if it is below the Barrier but the Best Performing Underlier is at or above its Initial Value, principal is repaid; otherwise, repayment is reduced one-for-one with the Least Performer’s decline from its Initial Value, risking significant loss.

The Notes are unsecured, unsubordinated obligations of Barclays, subject to the issuer’s credit risk and the U.K. Bail-in Power. Price to public is 100%, with a 0.75% agent commission and 99.25% proceeds to Barclays. The Notes will not be listed on any U.S. exchange.

Barclays Bank PLC priced a $5,000,000 offering of AutoCallable Notes due October 25, 2028 linked to the least performing of the S&P 500, Russell 2000, and Dow Jones Industrial Average. The notes are issued at $1,000 each, pay no coupons, and may be automatically called starting about one year after issuance if each index is at or above its call value.

The periodic call premium is $105 per $1,000 annually (10.50%), accruing quarterly to a maximum redemption price of $1,315 at the final call date if conditions are met. If not called and the least performing index finishes below its 70% barrier, repayment falls one-for-one with the decline, up to a total loss. Initial values are SPX 6,629.07, RTY 2,467.015, and INDU 45,952.24; barrier values are 70% of these levels.

Barclays Capital Inc. receives a 0.35% commission ($3.50 per note), with proceeds to the issuer of 99.65% ($4,982,500). The issuer’s estimated value is $986.10 per note. Payments are subject to Barclays’ credit and consent to potential U.K. Bail-in Power.

Barclays Bank PLC priced $4,051,000 of Callable Contingent Coupon Notes due October 19, 2028, linked to the least performing of the S&P 500 Index, Russell 2000 Index and Nasdaq-100 Technology Sector Index.

The notes pay a 0.7292% monthly contingent coupon (8.75% per annum) only if, on each Observation Date, all three indices are at or above 70% of their initial levels. Principal is repaid at maturity only if the least performing index is at or above its 50% barrier; otherwise repayment is reduced one-for-one with the index decline, up to a total loss. Barclays may redeem the notes in whole, at its discretion, on specified call dates after roughly six months at $1,000 plus the coupon.

Initial issue price is $1,000 per note; agent commission is 0.75% ($7.50 per $1,000). Proceeds to Barclays are 99.25% in aggregate $4,020,617.50. The issuer’s estimated value is $987.70 per note on the initial valuation date. The notes are unsecured obligations, subject to U.K. Bail‑in Power, and will not be listed.