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Barclays Bank PLC is offering $8.386 million of Autocallable Contingent Barrier Return Enhanced Lookback Entry Notes linked to the S&P 500庐 Index. The Notes are part of the bank鈥檚 Global Medium-Term Notes, Series A program and were priced on 27 June 2025 for expected issuance on 2 July 2025.

Key economic terms

• Initial issue price: $1,000 per Note; minimum $10,000 denominations.
• Automatic call: If, on the Review Date (27 Aug 2026), the S&P 500 closing level is 鈮� the Lookback Underlier Value (lowest close recorded between the Pricing Date and 25 July 2025), investors receive the Call Price of $1,118 (11.80% premium) on 1 Sept 2026 and the Note terminates.
• Maturity: 1 Sept 2027, unless called early.
• Upside participation: If not called and the Final Underlier Value exceeds the Lookback Underlier Value, return equals 1.5脳 the positive Underlier Return.
• Barrier: 80% of the Lookback Underlier Value. If final value < barrier, principal is reduced 1-for-1 with the index decline, potentially to $0.
• Estimated value: $981.70 per $1,000 Note (1.8% below issue price).
• Issuer credit: Unsecured, unsubordinated obligations of Barclays Bank PLC; subject to U.K. Bail-in Power.

Investor considerations

• No periodic coupons; total return derives solely from call premium or leveraged upside.
• Lookback feature lowers the effective entry level, potentially increasing call probability and downside cushion, yet investors remain exposed to full downside below the 80% barrier.
• Liquidity: No exchange listing; secondary market, if any, will be made solely by Barclays affiliates and may be illiquid and at prices below issue price.
• Fees & charges: Placement agents (J.P. Morgan) receive up to $15.83 per $1,000; these fees contribute to the gap between estimated and issue price.
• Risks disclosed: loss of principal, reinvestment risk if called after ~14 months, model-driven estimated value, tax uncertainty (pre-paid forward treatment), potential U.K. regulatory bail-in.

Tax & ERISA: Barclays鈥� counsel expects the Notes to be treated as prepaid forward contracts; IRS could challenge this view. Section 871(m) withholding is not expected to apply. ERISA fiduciaries must confirm adequate consideration and lack of Barclays discretionary control.

The supplement highlights extensive Selected Risk Considerations, including volatility risk, absence of dividends, calculation-agent discretion, change-in-law acceleration, and conflicts of interest arising from Barclays鈥� dual roles as issuer, hedger and calculation agent.

Form 4 highlights: On 06/23/2025, Scott L. Thompson 鈥� listed as CEO, President and Director of SomniGroup International Inc. (ticker SGI) 鈥� received three tranches of non-cash incentive compensation in the form of stock-settled options:

• 400,000 options with a strike price of $67
• 400,000 options with a strike price of $72
• 400,000 options with a strike price of $77

All grants were coded 鈥淎鈥� (acquired) and are held directly by the executive. Each option carries a 10-year life, expiring on 06/22/2035, and the filing notes vesting in four equal annual installments beginning one year from the grant date. No open-market purchases or sales of common stock were reported, and Table I shows no changes to non-derivative holdings.

For investors, the award totals 1.2 million potential new shares, representing future dilution if exercised, yet it also tightens alignment between senior management and shareholders by tying compensation to long-term share-price performance. No cash outlay or immediate EPS impact occurs today; any dilution would materialise only upon exercise at prices 鈮� $67-$77.

Blackboxstocks Inc. (BLBX) 鈥� Schedule 13D/A (Amendment No. 1) filed 20 Jun 2025

The amendment reports that Quadrifoglio Holdings LLC, Catherine DeFrancesco and Derrick Chiu (collectively, the 鈥淩eporting Persons鈥�) sold 114,683 common shares between 13 May 2025 and 6 Jun 2025 at prices ranging from $3.50 to $5.03 per share. Following these open-market disposals, the group鈥檚 aggregate beneficial ownership fell to 172,817 shares, or 4.8 % of the outstanding class (as measured against the share count in the issuer鈥檚 15 May 2025 10-Q).

Because the ownership percentage is now below the 5 % Schedule 13D reporting threshold, the filing is characterized as an exit filing and is expected to be the final amendment to the original Schedule 13D dated 23 Oct 2024. The Reporting Persons continue to hold the remaining shares with sole voting and dispositive power; no shared power or additional contractual arrangements were disclosed. No new financing arrangements, pledges, or legal proceedings were reported.

Key data

• Shares sold: 114,683
• Remaining shares: 172,817
• Resulting ownership: 4.8 %
• Trade price range: $3.50 鈥� $5.03
• Purpose: Reduction of holdings; cessation of 5 % beneficial ownership

The amendment supplies transaction-level detail but contains no forward-looking statements, strategic commentary, or additional corporate actions.