Barclays Bank PLC is offering autoCallable contingent coupon notes with a $1,000 denomination, linked to Estée Lauder’s Class A common stock and due October 5, 2029. The notes’ estimated value is between $900.10 and $960.10 per note, below the $1,000 initial issue price, a key consideration for investors.

Key Highlights

  • Barclays Bank PLC is the issuer of autoCallable contingent coupon notes due October 5, 2029, linked to Estée Lauder’s Class A common stock.
  • Each note has a $1,000 minimum denomination and is available only in $1,000 increments.
  • Barclays Bank PLC estimates the notes’ value at $900.10 to $960.10 per note.

ATMP is an Asset Management company. The notes will not be listed on a U.S. securities exchange or Quotation system.

Note Pricing and Estimated Value

The initial issue price is $1,000 per note, equal to 100.00% of principal. Barclays Bank PLC expects to receive 97.35% per note, while the agent’s commission is 2.65%. Investors using certain fee-based advisory accounts may pay between $973.50 and $1,000 per note. The bank’s internal pricing models place the estimated value between $900.10 and $960.10 per note on the Initial Valuation Date. That estimated value is below the initial issue price.

Commissions and Distribution Terms

Selling concessions and structuring fees together will not exceed $26.50 per $1,000 note. The preliminary pricing supplement says the notes remain subject to completion and may change.