iPath® B S&P 500® VIX Md-Trm Futs™ ETN SEC Filings

Barclays Bank PLC has issued Contingent Income Callable Securities due June 24, 2027, with an aggregate principal amount of $2.255 million. These structured notes are based on the performance of three major indices: Nasdaq-100, Russell 2000, and S&P 500.

Key features include:

• Quarterly contingent payments of 2.4125% ($24.125 per $1,000 principal) if no coupon barrier event occurs
• Coupon barrier event triggers if any underlying index falls below 70% of its initial value
• Early redemption option at issuer's discretion on any contingent payment date
• Principal at risk: Investors could lose over 30% or entire investment if any index falls below threshold at maturity

The securities' estimated value is $968.10 per unit, below the issue price of $1,000. They will not be listed on any exchange. The offering includes sales commissions of $15.00 and a $5.00 structuring fee per security. These securities are subject to Barclays' creditworthiness and U.K. Bail-in Power risks.

Barclays Bank PLC has filed a preliminary pricing supplement for Phoenix AutoCallable Notes due June 28, 2030, linked to the performance of three major indices: Dow Jones Industrial Average, Russell 2000 Index, and Nasdaq-100 Index.

Key features of the Notes include:

• Minimum denomination of $1,000
• Contingent Coupon of $5.958 per $1,000 (7.15% per annum)
• Automatic call feature activating after first year if all Reference Assets close at or above Call Value
• Barrier protection at 60% of Initial Value
• Risk of up to 100% principal loss if Least Performing Reference Asset falls below Barrier Value

The estimated value of the Notes on Initial Valuation Date is expected to be between $850.00 and $927.90 per Note, below the initial issue price. Notes are subject to Barclays' creditworthiness and U.K. Bail-in Power. Barclays Capital will receive commissions up to $38.75 per $1,000 Note.

Barclays Bank PLC has filed a preliminary pricing supplement for Buffered Autocallable Contingent Coupon Notes due June 30, 2028, linked to the performance of three equity securities: Block (XYZ), QUALCOMM (QCOM), and BHP Group (BHP).

Key features include:

• Minimum denomination of $1,000
• Potential for automatic early redemption after first year if reference assets meet call value
• Contingent quarterly coupon of $9.708 per note (11.65% per annum)
• 40% downside buffer protection at maturity
• Maximum potential loss of 60% of principal

The notes include a U.K. Bail-in Power provision allowing authorities to write-down, convert, or modify the terms of the notes in a resolution scenario. The estimated value of the notes on the Initial Valuation Date is expected to be between $908.30 and $968.30 per note, below the initial issue price of $1,000.

Barclays Bank PLC is offering Callable Contingent Coupon Notes due June 2 2028 linked to four reference assets: the Nasdaq-100 Technology Sector Index (NDXT), iShares 20+ Year Treasury Bond ETF (TLT), Financial Select Sector SPDR Fund (XLF) and Russell 2000 Index (RTY). The notes are issued in $1,000 denominations and may be called at par plus any due coupon on any monthly Call Valuation Date beginning three months after issuance.

Income profile: Investors earn a contingent coupon of 1.2083% per month (14.50% p.a.) when the closing value of every reference asset is at least 70 % of its Initial Value on the relevant Observation Date. Missing the barrier for even one asset causes the entire coupon to be skipped for that period. Coupons are not fixed and can be zero for multiple periods.

Principal repayment: At maturity, if the notes have not been previously called:

• If the Least Performing Asset is ≥ 70 % of its Initial Value, principal is repaid in full.
• If it is < 70 %, repayment equals $1,000 plus $1,000 × Return of the Least Performing Asset, exposing investors to up to 100 % loss of principal.

Pricing economics: Initial issue price is 100 % of par; Barclays’ estimated value is 91.86 %–97.86 %, reflecting dealer commission of up to 0.70 % and internal hedging/structuring costs. The notes will not be listed; liquidity will depend on the willingness of Barclays Capital Inc. to make a market.

Credit & bail-in risk: Payment obligations are unsecured, unsubordinated claims on Barclays Bank PLC and are subject to the U.K. Bail-in Power, meaning principal may be written down or converted to equity by regulators in resolution.

Key investor considerations:

• High headline yield, but contingent and dependent on four uncorrelated markets.
• 70 % coupon and maturity barriers provide only limited downside protection.
• Early redemption is at Barclays’ discretion; reinvestment risk applies.
• No participation in any upside of the reference assets.

Barclays Bank PLC is offering $10.334 million of Autocallable Contingent Barrier Return Enhanced Lookback Entry Notes (Global Medium-Term Notes, Series A) linked to the S&P 500 Index ("SPX"). The Notes price on 20 June 2025, settle on or about 25 June 2025 and mature on 25 August 2027 (maximum 26-month tenor, but can terminate after c.14 months).

Key economics

• Automatic call: If on the single Review Date (20 Aug 2026) the SPX Closing Level ≥ the Lookback Underlier Value (lowest closing level during 20 Jun – 21 Jul 2025), investors receive the Call Price of $1,101 per $1,000 (+10.10%) and the trade ends.
• Upside at maturity (if not called): 1.5× positive SPX return versus the Lookback level; no cap.
• Contingent protection: 100% principal back if Final SPX ≥ Lookback level or ≥ Barrier Value (80%). Below the barrier, loss is linear to SPX decline (full downside exposure).
• Issuer spread: Estimated value on pricing date is $977.40, 2.26% below issue price; agent commission is 1.583%.
• Denomination: $10,000 minimum, $1,000 increments. No listing, secondary liquidity at issuer’s discretion.

Risk highlights

• Credit risk: Unsecured, unsubordinated Barclays Bank PLC obligation; subject to U.K. Bail-in Power.
• Market risk: 20% contingent barrier exposes investors to potentially large losses if SPX declines materially.
• Liquidity risk: No exchange listing; market making only on a best-efforts basis.
• Valuation risk: Initial fair value below issue price; secondary prices likely below par.
• Tax/structuring: Treated as prepaid forward; tax outcome uncertain and may change.

Investor profile: suitable only for investors comfortable with (1) short-dated tactical exposure to the SPX, (2) limited upside (10.10%) if the note auto-calls, but leveraged upside thereafter, (3) 20% downside buffer, (4) lack of income, (5) Barclays credit and bail-in risk, and (6) potential illiquidity.

Barclays Bank PLC has issued Contingent Income Auto-Callable Securities due June 25, 2026, based on Goldman Sachs Group common stock performance, with a total value of $4,702,000. Each security has a principal amount of $1,000.

Key features include:

• Quarterly contingent payments of 2.50% ($25.00) if Goldman Sachs stock closes at or above 70% of initial value ($640.80)
• Automatic early redemption if stock price equals or exceeds initial value on determination dates
• At maturity, full principal return if final stock price is above 70% threshold ($448.56)
• Risk of principal loss if final stock price falls below threshold - 1% loss for every 1% stock decline

The securities' estimated value of $973.20 per unit is below the issue price, reflecting sales commissions, structuring fees, and hedging costs. These unsecured, unsubordinated securities are subject to Barclays' creditworthiness and U.K. Bail-in Power. Morgan Stanley Wealth Management receives $17.50 total commission per security.

Barclays Bank PLC has issued $21.41 million in Capped Leveraged Buffered S&P 500 Index-Linked Notes due 2027. The notes offer exposure to S&P 500 performance with the following key features:

The notes provide 1.80x leveraged upside participation up to a maximum return of 23.85% ($1,238.50 per $1,000). They include a 15% downside buffer - investors receive full principal if the index declines up to 15%. Beyond the buffer, losses are magnified by approximately 1.1765x.

• Initial Index Level: 5,967.84
• Trade Date: June 20, 2025
• Maturity Date: June 23, 2027
• Estimated Value: $993.10 per note

Key risks include Barclays' credit risk and potential losses from U.K. Bail-in Power exercise. The notes are unsecured, unsubordinated obligations not covered by deposit insurance. They will not be listed on any U.S. exchange.

Citigroup Inc. (C) is offering unsecured, senior medium-term notes (Series G) that combine a fixed coupon with issuer callability. The notes will be issued on July 18 2025, carry a stated principal of $1,000 each and will mature on July 18 2030 unless redeemed earlier.

Coupon & Payment Structure : Investors will receive a fixed rate of at least 4.85% per annum (final rate set on the July 16 2025 pricing date), paid semi-annually on January 18 and July 18, beginning January 18 2026. Interest is calculated on a 30/360 unadjusted basis.

Call Feature : Citigroup may redeem the notes in whole, but not in part, at 100% of principal plus accrued interest on any quarterly redemption date (18 Jan/Apr/Jul/Oct) starting July 18 2026, with a minimum five-business-day notice. The call option allows Citi to refinance if market rates fall, capping investors’ potential future coupon income.

Credit & TLAC Status : The notes rank equally with Citi’s other senior unsecured debt and count as eligible TLAC. In a Citi bankruptcy, losses would first be absorbed by equity and then by unsecured creditors, including these notes, potentially resulting in significant recovery risk.

Amount & Distribution : Issue price is $1,000 per note (institutional/fee-based accounts may pay $990–$1,000). Citigroup Global Markets Inc. (CGMI) is sole underwriter, earning up to $10 per note in underwriting fees and may grant dealers an equivalent concession. The notes will not be listed on any exchange, and secondary liquidity will rely solely on CGMI’s discretionary market-making.

Assumption Clause : Any wholly owned Citi subsidiary may assume all obligations on 15 business-day notice; Citi would then guarantee payments. Such an assumption’s tax treatment is uncertain; Citi intends to treat it as non-taxable, but the IRS could disagree.

Key Risk Factors:

• Call Risk – Citi is likely to redeem when prevailing market yields fall below 4.85%, trimming investors’ total return.
• Interest-Rate Risk – A five-year fixed coupon exposes holders to price declines if rates rise and the notes are not called.
• Credit Spread Volatility – Any widening in Citi’s spreads or rating downgrades will depress secondary prices.
• Limited Liquidity – No exchange listing; CGMI may suspend market-making at any time.
• Tax Uncertainty – Potential taxable “modification” if a subsidiary assumption is deemed a material change.

Illustrative Payments: If not called, each investor receives $24.25 every six months (assuming 4.85% and a 180-day period) and $1,024.25 at maturity. If Citi calls on a non-coupon redemption date after one quarter, an investor would receive $1,012.13 (principal plus 90-day accrued interest).

Use of Proceeds & Hedging: Net proceeds will fund general corporate purposes and internal hedging activities; affiliates may realise profits from these hedges, and initial brokerage statements will incorporate a temporary upward price adjustment that amortises to zero over four months.

Overall, the deal gives fixed-income investors short-to-medium-term exposure to Citi’s senior credit at a competitive fixed rate, offset by issuer callability, credit, liquidity and TLAC bail-in risks.

Barclays Bank PLC has filed a pricing supplement for Autocallable Contingent Barrier Return Enhanced Lookback Notes linked to the S&P 500 Index, due September 1, 2027. The notes offer the following key features:

• Minimum denomination of $10,000 with automatic call feature if the index closes above the Lookback Underlier Value on the Review Date
• Call Price of at least 11.80% premium if automatically called
• 1.50x leveraged upside participation if not called and index rises above Lookback Value
• Principal protection if index stays above 80% barrier level
• Full downside exposure if index falls below barrier level

The notes are subject to Barclays' creditworthiness and U.K. Bail-in Power risks. The estimated value ($927.30-$977.30 per $1,000 note) is less than the issue price, with placement agents receiving up to 1.583% commission. The notes will not be listed on any exchange and involve risks not associated with conventional debt securities.