New Issue: Barclays sells $2 million capped buffer in-gears linked to S&P 500

By Marisa Wong

Los Angeles, Aug. 3 – Barclays Bank plc priced $2 million of 0% capped buffer in-gears due Oct. 3, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above 87% of the initial level, the payout at maturity will be par plus a positive amount equal to 1.12 times the sum of the index return and 13%, up to a maximum payout of par plus 44.8%.

If the index finishes below the 87% downside threshold, investors will lose 1% for every 1% index decline beyond 13%.

UBS Financial Services Inc. and Barclays are the agents.

Issuer:	Barclays Bank plc
Issue:	Capped buffer in-gears
Underlying index:	S&P 500
Amount:	$2 million
Maturity:	Oct. 3, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the index finishes above 87% of the initial level, par plus a positive amount equal to 1.12 times the sum of the index return and 13%, up to a maximum payout of par plus 44.8%; otherwise, 1% loss for every 1% index decline beyond 13%
Initial level:	Average of index closing levels over three-month period from July 27 to and including Oct. 22
Final level:	Average of index closing levels over the three-month period from July 2, 2025 to and including Sept. 30, 2025
Pricing date:	July 29
Settlement date:	Aug. 3
Agents:	UBS Financial Services Inc. and Barclays
Fees:	0.75%
Cusip:	06747J434

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