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

Barclays Bank PLC has issued $4.775 million in Market Linked Securities due June 22, 2029, linked to the lowest performing of the Nasdaq-100, Russell 2000, and S&P 500 indices.

Key features include:

• Contingent quarterly coupon of 10.65% per annum if all indices stay above 70% of their starting levels during observation periods
• Callable by issuer after approximately three months from issue date
• Principal at risk if lowest performing index falls below 60% of starting level at maturity
• Starting levels: NDX: 21,719.69, RTY: 2,112.964, SPX: 5,980.87

The securities are priced at $1,000 per unit with an estimated value of $971.10. Wells Fargo Securities and Barclays Capital are acting as agents, with an underwriting discount of $12.75 per security. The securities are subject to Barclays' creditworthiness and U.K. Bail-in Power provisions.

Barclays Bank PLC has issued $1.87 million in Buffered SupertrackSM Notes due June 26, 2030, linked to the S&P 500 Futures Excess Return Index. The notes offer:

• Minimum denomination of $1,000
• Upside Leverage Factor of 2.0875x if the index performance is positive
• 15% downside buffer protection - first 15% of losses are absorbed
• Maximum potential loss of 85% of principal

Key features include estimated value of $986.20 per note (below issue price of $1,000), agent commission of 0.50%, and important U.K. Bail-in Power provisions allowing authorities to write-down, convert, or modify the notes in a crisis. The notes are unsecured obligations not covered by FDIC or U.K. deposit insurance. Trading will be limited as notes won't be listed on any U.S. exchange.

Barclays Bank PLC has issued $660,000 worth of Phoenix AutoCallable Notes linked to Exxon Mobil Corporation stock, due June 24, 2027. The notes are priced at $1,000 per denomination with an estimated value of $964.40.

Key features include:

• Contingent quarterly coupon of $22.50 per note (9.00% per annum) if XOM stock closes at or above 70% of initial value ($79.23)
• Automatic call feature starting after 6 months if XOM closes at or above initial value of $113.19
• At maturity: 100% principal return if XOM is above barrier ($79.23); below barrier, investors receive shares or cash value reflecting full stock downside

Important risks: Notes are subject to Barclays' credit risk and U.K. Bail-in Power. Investors could lose up to 100% of principal. The notes are not listed on any exchange and involve complex features including potential physical delivery of XOM shares.

Barclays Bank PLC has issued $1,570,000 in Buffered Callable Contingent Coupon Notes due June 24, 2030, linked to the performance of the S&P 500, Dow Jones Industrial Average, and Russell 2000 indices.

Key features of the notes include:

• $1,000 minimum denomination with 11.75% per annum contingent coupon rate ($9.792 per note)
• 20% downside buffer with 1.25x leverage on losses below buffer
• Early redemption available at issuer's option after first three months
• Coupon payments conditional on all reference assets being at or above 80% of initial values

The estimated value of the notes ($982.40) is less than the issue price ($1,000), reflecting sales commissions, hedging costs, and expected profit margins. Notes are subject to Barclays' credit risk and U.K. Bail-in Power, which could result in complete loss of investment if Barclays defaults or faces resolution measures.

Barclays Bank PLC is offering $2.08 million aggregate principal of Phoenix AutoCallable Notes due 23 Jun 2028, linked to the worst-performing of the S&P 500, Russell 2000 and EURO STOXX 50 indices. The notes are issued in $1,000 denominations, price to public 100%, and form part of Barclays’ Global Medium-Term Notes, Series A programme.

The structure pays a contingent quarterly coupon of 2.5375% (10.15% p.a.) if, on any Observation Date, every index closes at or above 75% of its initial level. If that hurdle is not met, the coupon is skipped for that quarter. Beginning six months after issuance, the notes will be automatically called at par plus the coupon if all three indices are at or above their initial levels on any Call Valuation Date; once called, no further payments are made.

If the notes are not redeemed early, principal repayment depends on the Least Performing Reference Asset at final valuation. Investors receive full principal only if that index finishes at or above its 75% barrier. Otherwise, repayment equals $1,000 × (1 + index return), exposing holders to up to 100% loss of principal.

Risk highlights: unsecured, unsubordinated obligations of Barclays Bank PLC; subject to U.K. Bail-in Power; no FDIC or FSCS protection; not exchange-listed, which may limit liquidity. Barclays’ estimated value is $966.50 per $1,000 note, below the issue price, reflecting dealer compensation (2%) and hedge-related costs.

Barclays Bank PLC is issuing $1.133 million in Callable Contingent Coupon Notes due 23 Jun 2028 linked to the worst performer among the Nasdaq-100 (NDX), Russell 2000 (RTY) and S&P 500 (SPX) indices. The notes form part of the bank’s Global Medium-Term Notes, Series A programme and are offered at 100 % of face value in $1,000 denominations.

Income mechanics

• Quarterly contingent coupon of 0.7708 % (≈9.25 % p.a.) is paid only if all three indices close at or above their Coupon Barrier (70 % of the initial level) on the relevant observation date.
• Coupons cease for any period in which at least one index breaches its barrier.

Principal repayment

• At maturity investors receive full principal only if the least-performing index is ≥ 60 % of its initial level (Barrier Value).
• If the worst index is < 60 %, principal is reduced 1-for-1 with the index decline, exposing holders to a maximum 100 % loss.

Issuer call option

• Barclays may redeem the notes in whole (not partly) on any monthly Call Valuation Date beginning 18 Sep 2025 at $1,000 + any due coupon. Early redemption caps total return and introduces reinvestment risk.

Key risk / value considerations

• Credit risk: unsecured, unsubordinated Barclays Bank PLC obligations subject to U.K. bail-in powers.
• Market risk: performance driven by the worst of three U.S. equity indices; historic non-correlation increases probability of barrier breach.
• Valuation gap: Barclays’ estimated fair value on trade date is $977.20 (97.72 % of par), reflecting dealer commission (0.95 %) and structuring/hedging costs.
• Liquidity: no exchange listing; secondary market making is discretionary.

Important dates

• Initial valuation: 18 Jun 2025  |  Issue: 24 Jun 2025
• Final valuation: 20 Jun 2028  |  Maturity: 23 Jun 2028

Investors seeking high contingent income and willing to accept potential loss of principal, early call and Barclays credit/bail-in risk may find the structure suitable. Those requiring guaranteed coupons, principal protection or secondary liquidity should avoid.

Barclays Bank PLC is offering Contingent Income Callable Securities due 2 July 2030 that are linked to the worst performer among three equity indices: the MSCI EAFE® Index (MXEA), Russell 2000® Index (RTY), and S&P 500® Index (SPX). Each note has a $1,000 stated principal amount, will price on 27 June 2025, and settle on 2 July 2025.

Contingent quarterly coupon — ≥ 2.00%: Investors receive a cash payment of at least $20.00 per note on any quarterly determination date when all three indices close at or above 70 % of their respective initial levels (the “coupon barrier”). If any index closes below its barrier, no coupon is paid for that quarter.

Issuer call feature: On every coupon payment date (except the final one) Barclays may redeem the notes early at par plus the contingent coupon. Redemption is entirely at the bank’s discretion and is not automatic.

Principal repayment at maturity:

• If each index finishes at or above 60 % of its initial level (the “downside threshold”), holders receive par plus the final coupon, provided the notes were not previously called.
• If any index finishes below 60 % of its initial level, repayment equals par multiplied by the worst index’s performance factor, producing a > 40 % loss and potentially a total loss of principal.

Credit & structural risks: The securities are senior unsecured obligations of Barclays Bank PLC, subject to the bank’s credit risk and to possible write-down under the U.K. Bail-in Power. The notes will not be listed on any exchange, and secondary market liquidity is uncertain.

Pricing economics: Issue price is $1,000, but Barclays’ estimated fair value on the pricing date will range from $882.70 to $962.70 (11.7 %–3.7 % below issue price). Distribution costs include a selling commission of $16.364 (1.636 %) and a structuring fee of $3.636 (0.364 %) per note. Affiliates may hold up to 15 % of the total issuance for at least 30 days, potentially affecting secondary pricing.

Investor profile: The notes suit investors seeking enhanced income (annualized ≥ 8 % if coupons are earned every quarter) and willing to assume (i) full downside risk below a 40 % buffer, (ii) early-call reinvestment risk, and (iii) Barclays credit/bail-in risk, while forgoing any upside participation in the referenced indices.

Barclays Bank PLC is offering Phoenix AutoCallable Notes due July 6, 2027 linked to the worst-performing of Alphabet (GOOGL), Salesforce (CRM) and T-Mobile US (TMUS). The unsecured senior notes carry a contingent quarterly coupon of 1.1667% (≈14.0% p.a.) paid only if, on each Observation Date, the closing price of every reference share is at least 60 % of its initial value (the “Coupon Barrier”).

Automatic call feature: Starting three months after issuance, the notes will be redeemed early at par plus the current coupon if, on any Call Valuation Date, each share closes at or above its initial value (100 %).

Downside exposure: If not called and any share finishes below its 60 % “Barrier Value” on the Final Valuation Date, principal is reduced 1-for-1 with the worst share’s decline. Barclays may elect physical settlement, delivering shares of the worst performer instead of cash, exposing investors to post-valuation price moves.

Key economics

• Issue price: $1,000 per note; minimum $1,000 denominations.
• Estimated value on trade date: $904.30 – $954.30 (≈4.6 %–9.6 % below issue price).
• Dealer commission: up to 3.25 % ($32.50 per note).
• No exchange listing; liquidity relies on dealer inventory.
• Credit risk: senior, unsecured claim on Barclays Bank PLC, subject to U.K. bail-in powers; notes are not FDIC/FSCS insured.

Risk highlights

• Investors may receive few or no coupons if any share drops below the 60 % barrier on observation dates.
• Up to 100 % loss of principal possible at maturity.
• Early redemption risk limits upside to called cashflows and may force reinvestment at lower rates.
• Estimated value below offer price reflects embedded fees, hedging costs and dealer margin.

The product may appeal to yield-seeking investors comfortable with single-stock equity risk, low correlation exposure and Barclays’ credit profile, but it is unsuitable for buy-and-hold investors requiring principal protection or guaranteed income.

Barclays Bank PLC is offering unsecured, unsubordinated Phoenix AutoCallable Notes due 6 July 2027 that are linked to the worst performer among Uber Technologies (UBER), NVIDIA (NVDA) and Netflix (NFLX). The minimum investment is $1,000 and the issue price is 100% of principal; Barclays Capital Inc. will earn up to a 3.25% selling commission. Barclays estimates the fair value at issuance to be $904.10-$954.10, materially below the offer price, reflecting fees, hedging costs and its internal funding spread.

Coupon mechanics: Investors are eligible for a $15.00 monthly contingent coupon (≈18% p.a.) only if, on each Observation Date, the closing price of every reference share is at least 60% of its Initial Value (Coupon Barrier). Miss one asset and the entire coupon is forfeited for that month.

Automatic call: Starting three months after issuance, if on any Call Valuation Date the closing price of each share is at or above 100% of its Initial Value, the notes are automatically redeemed at par plus the due coupon, ending further upside (call risk).

Principal at maturity: If the notes are not called and the worst performer is at or above 50% of its Initial Value (Barrier), principal is repaid in full. Otherwise, investors suffer the full downside of that share (one-for-one cash loss) or, at Barclays’ election, receive physical delivery of that stock (round lot plus cash for fractional shares). Maximum loss is 100% of principal.

Key risks: 1) Exposure to the least-performing stock heightens the chance of missed coupons and capital loss. 2) Credit risk of Barclays and possible U.K. bail-in action. 3) Illiquidity—no exchange listing and discretionary secondary market making. 4) Call risk limits return. 5) Estimated value and secondary prices likely below purchase price.

The product suits investors seeking high conditional income, willing to accept equity-linked downside, early redemption, and Barclays’ credit risk. It is not appropriate for those requiring capital preservation, guaranteed income or easy liquidity.