BARCLAYS BANK PLC SEC Filings

Barclays Bank PLC is offering unsecured, unsubordinated Buffered Digital Notes linked to the S&P 500® Index, maturing on February 11, 2027. These notes aim to pay a fixed "digital" return of at least 8.20% at maturity, so if the index’s final level is at or above 90% of its initial level, investors receive at least $1,082 per $1,000 of principal, regardless of how much the index has risen.

If the S&P 500 finishes below 90% of its initial level, principal is exposed to accelerated losses using a 10% buffer and a 1.11111 downside leverage factor, so investors can lose some or all of their investment. The notes are not listed, pay no periodic interest, and are subject to Barclays’ credit risk and the U.K. Bail-in Power, which can reduce, cancel, or convert the notes in a resolution scenario.

For U.S. tax purposes, Barclays’ counsel believes it is reasonable to treat the notes as prepaid forward contracts, but the IRS could challenge this or change the rules, potentially with retroactive effect. For most non-U.S. holders, Barclays expects Section 871(m) dividend-equivalent withholding not to apply because the notes do not have a "delta of one."

Barclays Bank PLC is offering unsecured notes linked to the Class A common stock of Alphabet Inc. (GOOGL). The Notes pay a fixed coupon of $8.433 per $1,000 in principal each month, equivalent to a 10.12% annual rate, on scheduled coupon payment dates through maturity in early 2027.

At maturity, if Alphabet’s share price (the Final Underlier Value) is at or above a barrier set at 70% of the initial share price, investors receive back the full $1,000 principal in cash per Note plus the final coupon. If the Final Underlier Value is below the barrier, investors receive a fixed number of Alphabet shares (or their cash value) that may be worth substantially less than principal and could be worth zero, though the final coupon is still paid.

Any payment depends on the credit of Barclays and is subject to potential loss under the U.K. bail-in regime, which can reduce, convert, or cancel the Notes. The bank discloses that its internal estimated value on the pricing date will be less than the $1,000 issue price and that secondary market prices may differ from this estimate. The tax discussion highlights substantial uncertainty and treats the Notes as a combination of a cash deposit and a written put option for U.S. tax purposes.

Barclays Bank PLC is offering unsecured, unsubordinated structured Notes that provide leveraged exposure to an unequally weighted equity index basket instead of paying interest. The Basket starts at an Initial Basket Value of 100 and combines the EURO STOXX 50 (50%), Nikkei 225 (20%), S&P/ASX 200 (10%), Swiss Market Index (10%) and FTSE 100 (10%).

At maturity in January 2031, investors receive per $1,000 Note: $1,000 plus 1.55 times any positive Basket Return if the Basket rises; $1,000 if the Final Basket Value is between the Initial Basket Value and a Barrier Value of 70; or $1,000 plus the Basket Return if the Final Basket Value is below 70, which can mean losing some or all principal.

The initial issue price is $1,000 per Note, with a 3.35% selling commission and 96.65% of proceeds to Barclays. The Notes will not be listed on a U.S. exchange, their value depends on Barclays’ credit, and holders consent to potential use of U.K. Bail-in Power. Barclays expects its internal estimated value on the pricing date to be less than the issue price.

Barclays Bank PLC is offering STEP Income Securities linked to the common stock of Amazon.com, Inc., maturing in February 2027. These are unsecured, unsubordinated notes with a $10 principal amount per unit that pay 10.00% interest per year in quarterly coupons.

At maturity, if Amazon’s ending share price is at or above 110% of its starting price (the Step Level), investors receive their $10 principal plus a Step Payment between $0.10 and $0.50 per unit. If the ending price is between 100% and 110% of the starting value, investors receive only their principal back. If it falls below 100% of the starting value, principal is reduced 1-for-1 with the stock’s decline.

The initial estimated value on the pricing date is expected to be between $9.465 and $9.622 per unit, below the $10 public offering price due to underwriting discounts and hedging-related charges. Payments depend on Barclays’ credit and are subject to the potential exercise of U.K. Bail-in Power, which could reduce, convert, or cancel the notes.

Barclays Bank PLC is offering Capped GEARS, a structured note linked to an equally weighted basket of Goldman Sachs, JPMorgan Chase and Morgan Stanley common stocks. Each Security has a $10 principal amount, a term of about 14 months and offers 3.0x leveraged upside on a positive Basket Return, but only up to a Maximum Gain between 22.00% and 25.75% set on the Trade Date.

If the Basket Return is zero, investors receive only their $10 principal back. If the Basket Return is negative, repayment is reduced one-for-one with the Basket’s decline, exposing investors to a potential 100% loss of principal. The Securities pay no interest or dividends, are unsecured and unsubordinated obligations of Barclays Bank PLC, are subject to U.K. Bail-in Power, and will not be listed on any securities exchange.

Barclays Bank PLC is offering preliminary terms for market-linked, unsecured notes that are auto-callable with contingent coupons and principal at risk, linked to the Class A common stock of Strategy Inc. The notes pay a contingent monthly coupon at a rate of at least 31.75% per year if the stock closes on each observation date at or above a threshold set at 60% of the starting price; if the stock is below that threshold on a given date, no coupon is paid for that month.

Beginning about six months after issuance, the notes are automatically called if the stock closes at or above the starting price on an observation date, returning principal plus that period’s coupon. If the notes are not called and the final stock price is at or above the 60% threshold, investors receive their principal back at maturity; if it is below the threshold, repayment is reduced in line with the stock’s decline, and investors can lose most or all of their principal. The notes are subject to U.K. bail-in powers, are not insured or guaranteed by any government agency, and Barclays expects their internal estimated value on the pricing date to be lower than the original $1,000 issue price per note.

Barclays Bank PLC is offering unsecured notes linked to Oracle Corporation stock that put principal at risk. The notes pay no interest and instead provide a fixed 17.40% digital return at maturity per $1,000 note if Oracle’s final stock price on the valuation date is at or above a barrier of $116.17, which is 60% of the initial value of $193.61.

If Oracle closes below the barrier, holders receive 5.16502 ORCL shares per $1,000 note (or the cash equivalent), which can result in a loss of up to 100% of principal. Investors forgo all Oracle dividends. The offering size is $1,421,000 at a 100% issue price, with a 1.10% selling commission and 98.90% proceeds to Barclays. The notes are unsecured, not insured or guaranteed, subject to Barclays’ credit risk and potential U.K. bail-in powers, and their estimated initial value is less than the $1,000 issue price.

Barclays Bank PLC is offering unsecured structured Notes linked to three underliers: AppLovin stock, the SPDR Gold Trust (GLD) and Intel stock. The Notes pay a monthly Contingent Coupon of $16.875 per $1,000 (20.25% per annum) only if, on an Observation Date, the closing value of each underlier is at or above 70% of its initial value. Beginning with the third Observation Date, the Notes are automatically redeemed if all underliers are at or above their initial values, returning principal plus that period’s coupon.

If the Notes are not called and, at maturity, the worst-performing underlier is at or above 60% of its initial value, investors receive full principal back (plus any due coupon). If the worst-performing underlier finishes below 60% and all underliers are below initial value, repayment is reduced one-for-one with the decline of that worst underlier, and investors can lose up to their entire investment. Payments depend on Barclays’ credit and are also subject to U.K. bail-in powers, and the Notes are expected to have an initial estimated value below the issue price.

Barclays Bank PLC is offering Global Medium-Term Notes, Series A, $1,000 principal amount per security, that are market-linked to the worst performer of The Home Depot, Inc. common stock and Oracle Corporation common stock, maturing on February 1, 2027. These securities pay no periodic interest or dividends and are designed to be held to maturity.

At maturity, if the stock closing price of the lowest performing stock is at or above 55% of its starting price, investors receive $1,000 plus a contingent fixed return of at least 15.25% ($152.50) per security. If the lowest performing stock has fallen by more than 45% from its starting price, the maturity payment is $1,000 plus $1,000 times that stock’s return, creating full downside exposure and the possibility of losing more than 45%, up to all, of principal.

The notes are unsecured, unsubordinated obligations of Barclays Bank PLC, are not insured by any government agency, and are subject to the U.K. Bail-in Power, meaning principal and amounts due can be written down, converted or modified by a U.K. resolution authority. The original offering price is $1,000 per security, with an agent discount of $23.25 and proceeds to Barclays of $976.75 per security.