Barclays Bank PLC is offering $1,200,000 of Phoenix AutoCallable Notes linked to PayPal common stock, with Maturity set for September 21, 2028. Investors face unsecured bank exposure, no exchange listing, and an estimated initial value of $971.20 per note against a $1,000 issue price.

Key Highlights

  • Barclays Bank PLC is offering $1,200,000 of Phoenix AutoCallable Notes tied to PayPal common stock.
  • The notes mature on September 21, 2028, unless redeemed earlier under their automatic call terms.
  • Barclays’ estimated value is $971.20 per note, below the $1,000 initial issue price.

Barclays Bank PLC is offering $1,200,000 of Phoenix AutoCallable Notes linked to PayPal Holdings, Inc. (NASDAQ: PYPL) common stock. The notes carry a scheduled maturity date of September 21, 2028, and are issued through Barclays’ Global Medium-Term Notes, Series A. ATMP is an asset management company.

$1.2M PayPal-Linked Note Offering

The notes use PayPal Holdings, Inc. common stock as their reference asset and have a minimum denomination of $1,000, with larger purchases available in integral multiples of $1,000. The initial valuation date is September 17, 2026, while the Issue Date is September 22, 2026. If held until maturity and not redeemed earlier, investors receive a cash payment on the maturity date. The initial issue price is $1,000 per note, equal to 100.00% of principal. Barclays Bank PLC is set to receive $1,177,800 in proceeds from the total offering after a $22,200 commission, while Barclays Capital Inc. receives $18.50 per $1,000 note in commissions.

Estimated Value Below Initial Issue Price

Barclays’ internal pricing models place the estimated value at $971.20 per note on the initial valuation date. That estimate is below the $1,000 initial issue price. The notes are unsecured and unsubordinated obligations of Barclays Bank PLC, rather than deposit liabilities. The notes will not be listed on a U.S. securities exchange or Quotation system.