Barclays Bank PLC is offering $976,000 of Phoenix AutoCallable Notes linked to the least performing of three reference Assets and due September 20, 2029. Investors face unsecured, unsubordinated obligations that will not be listed on a U.S. securities exchange or covered by U.S. or U.K. deposit insurance.
Key Highlights
- Barclays Bank PLC priced $976,000 of Phoenix AutoCallable Notes linked to the least performing of three reference assets.
- The notes carry a minimum denomination of $1,000 and mature on September 20, 2029.
- The securities are unsecured and unsubordinated, with no U.S. exchange listing or deposit-insurance coverage.
ATMP is an asset management company. The notes have an Issue Date of September 22, 2026, and a Maturity date of September 20, 2029.
$976,000 Notes Set September 2026 Issue Date
The notes carry a minimum denomination of $1,000, with additional purchases available only in integral multiples of $1,000. Their initial valuation date is September 17, 2026, while the final valuation date is September 17, 2029. Barclays Bank PLC set the public price at $1,000 per note, equal to 100.00% of principal, and the proceeds to Barclays are $968,680 in total, or 99.25% per note. Barclays Capital Inc. receives commissions of $7.50 per $1,000 principal amount. The estimated value based on Barclays’ internal pricing models was $974.10 per note on the initial valuation date. For certain fee-based advisory accounts, the public offering price may range between $992.50 and $1,000 per note.
Unsecured Notes Carry Stated Investor Restrictions
The notes will not be listed on a U.S. securities exchange or Quotation system. Barclays Bank PLC also states that investing in them involves a number of risks, with risk information set out in the prospectus supplement and pricing supplement.
FAQs
Q: When do the Barclays Phoenix AutoCallable Notes mature?
A: The stated maturity date for the Barclays Phoenix AutoCallable Notes is September 20, 2029. Their final valuation date occurs on September 17, 2029, before maturity.
Q: How much does one Barclays note cost?
A: The initial issue price is $1,000 per note, and the minimum denomination is also $1,000. Purchases above that amount must be made in integral multiples of $1,000.
Q: What is the estimated value of each note on the initial valuation date?
A: Barclays estimated the value at $974.10 per note on the initial valuation date. That estimate was based on Barclays’ internal pricing models and differs from the $1,000 initial issue price.
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