Hi guys thanks for your answers!
I can see how some the question kind of confused a few of you, the local setting was already inputted as 1002 Hpa which was correct but displayed above that to the left - but still in the right side of the screen the figure BARO 1,500 was displayed as pointed out (The figures renard & Jwscud) jogged my memory.
Some airlines set their single engine acceleration altitude as baro minimum on the ground for departure. That way there will be a visible reminder on the altitude tape in case of an engine failure even if the FMC fails as well.
So after seeing 1,500ft displayed as BARO is this the thrust reduction altitude? Which I know varies on thrust setting (CLB, CLB1 or CLB2).