New York Mortgage Trust SEC Filings

Barclays Bank PLC is offering Global Medium-Term Notes, Series A, maturing 5 August 2030, that are linked to the price performance of the S&P 500® Index (SPX). The notes are unsecured, unsubordinated obligations of the issuer and are subject to the U.K. bail-in regime.

Key economic terms

• Denomination: minimum US$1,000 and integral multiples thereof
• Initial Valuation Date: 31 Jul 2025  |  Issue Date: 5 Aug 2025
• Final Valuation Date: 31 Jul 2030  |  Maturity Date: 5 Aug 2030
• Payment at maturity:
• If Final Value ≥ Initial Value: US$1,000 + (US$1,000 × min[Reference Asset Return, Maximum Return 43.00%])  → capped maximum payment of US$1,430 per note
• If Final Value < Initial Value: principal returned (US$1,000 per note)
• No periodic coupons and no interim redemption
• Calculation Agent: Barclays Bank PLC
• CUSIP/ISIN: 06746CFN4 / US06746CFN48

Pricing and fees

• Initial Issue Price: 100.00% of principal
• Agent’s commission: up to 0.925% (US$9.25 per US$1,000)
• Issuer’s estimated value on the pricing date: US$889.60–US$969.60, below the issue price, reflecting structuring and hedging costs.

Risk highlights

• Credit risk: repayment depends solely on Barclays Bank PLC; neither FDIC nor FSCS insured.
• Bail-in risk: holders expressly consent to potential write-down/conversion under U.K. Bail-in Power.
• Limited upside: returns capped at 43%; investors do not receive S&P 500 dividends.
• Liquidity risk: notes will not be listed; secondary market making is discretionary.
• Tax complexity: issuer expects to treat the notes as contingent payment debt instruments (CPDIs); investors must accrue taxable interest annually.

Illustrative payoff

• Index rises 10% → payment US$1,100 (10% return)
• Index rises 50% → payment capped at US$1,430 (43% return)
• Index falls any amount → payment US$1,000 (0% return)

The product suits investors seeking principal protection with capped equity upside, willing to accept Barclays credit and bail-in risks, forego interim income, and hold to maturity. It is not appropriate for investors requiring uncapped equity exposure, periodic coupons, or active secondary market liquidity.

UBS AG is offering $6.62 million of Phoenix Autocallable Buffer Notes with Memory Interest linked to the common stock of Meta Platforms, Inc. (META). The Notes are unsecured, unsubordinated debt that mature on 15 July 2026.

Key terms:

• Principal amount: $1,000 per Note (minimum purchase 10 Notes).
• Contingent interest: $44.875 per Note on each interest payment date if META’s closing price on the related observation date is ≥ the interest barrier of $623.59 (85 % of the $733.63 initial price). Missed coupons accrue and are paid on the next date on which the barrier is satisfied ("memory" feature).
• Autocall: The Notes redeem early at par plus any due memory interest if META’s price on any autocall observation date is ≥ the initial price.
• Downside protection: At maturity investors receive 100 % of principal if META closes ≥ the downside threshold of $623.59. Otherwise they receive a cash amount reflecting a 1.1765 % loss for every 1 % decline below the threshold, potentially down to zero.
• Estimated initial value: $983.80 per $1,000 (1.62 % discount to issue price), reflecting dealer margins and UBS’s internal funding rate.
• Fees: Underwriting/placement fee of $10 per Note; net proceeds to UBS $990 per Note. J.P. Morgan Securities LLC and UBS Investment Bank act as placement agents.
• Credit risk: Payments depend solely on UBS AG’s ability to pay; the Notes are not FDIC-insured and will not be listed on any exchange, limiting liquidity.

Investor profile: Suitable only for investors who (a) understand structured products, (b) can tolerate loss of some or all principal, (c) are moderately bullish to neutral on META through July 2026, and (d) can accept UBS credit exposure and limited secondary market liquidity.