New Issue: Barclays sells $2 million capped buffer in-gears linked to Russell 2000

By Wendy Van Sickle

Columbus, Ohio, Sept. 23 – Barclays Bank plc priced $2 million of 0% capped buffer in-gears due Oct. 5, 2026 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above 113% of the initial level, the payout at maturity will be par plus 50.04%. If the return is between a 0% and 13% gain, it will be par plus 1.08 times the underlying return plus 36%. If the index falls by up to 12%, the payout will be 3 times the excess return over negative 12%.

Investors will lose 1% for every 1% index decline beyond 12%.

UBS Financial Services Inc. and Barclays are the agents.

Issuer:	Barclays Bank plc
Issue:	Capped buffer in-gears
Underlying index:	Russell 2000
Amount:	$2 million
Maturity:	Oct. 5, 2026
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the index finishes above113% of the initial level, par plus 50.04%; if return is between 0% and 13% gain, par plus 1.08 times underlying return plus 36%; if index falls by up to 12%, 3 times excess return over negative 12%; otherwise, 1% loss for every 1% index decline beyond 12%
Initial level:	Average of index closing levels over three-month period from Sept. 19 to and including Dec. 15
Final level:	Average of index closing levels over the three-month period from July 1, 2026 to and including Sept. 30, 2026
Pricing date:	Sept. 20
Settlement date:	Sept. 23
Agents:	UBS Financial Services Inc. and Barclays
Fees:	0.25%
Cusip:	06748C727

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