[{"_1":2,"_3":-5,"_4":-5},"loaderData",{"_5":6,"_7":8},"actionData","errors","root",{"_96":97},"routes/item",{"_9":10},"item",{"_11":12,"_13":14,"_15":16,"_17":18,"_19":20,"_21":-5,"_22":23,"_24":25,"_26":27,"_28":29,"_30":29,"_31":32,"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":-5,"_46":47,"_48":-5,"_49":-5,"_50":51,"_52":53,"_54":55,"_56":57,"_58":57,"_59":60,"_61":40,"_62":63},"id","hibm6mb80pd9vzlnuuvsr847u","revision",2,"title","Barclays Bank PLC 拟发行与 Invesco KBW Bank ETF 挂钩的自动赎回票据","originalTitle","BARCLAYS BANK PLC (0000312070) (Filer)","summary","Barclays Bank PLC拟发行总额1,179,000美元、每份面值1,000美元的自动赎回杠杆障碍票据，挂钩 Invesco KBW Bank ETF（KBWB），2029年11月2日到期且不付利息。","reason","source",{"_11":86,"_87":88,"_89":90,"_91":57,"_92":93,"_94":95},"links",{"_83":84,"_63":85},"publishedAt","2026-11-03T18:10:01.000Z","discoveredAt","2026-11-03T18:27:47.141Z","timelineAt","category","ai-products","tags",[81,82],"stockSymbols",[80],"score",31,"selected",false,"channel","news","story",{"_72":73,"_15":74},"x","readingMode","full","author","language","body",{"_76":-5,"_63":77,"_78":-5,"_79":40},"outline",[],"relatedStories",[75],"indexable",true,"markdownAvailable","group",{"_64":65,"_43":66,"_67":68,"_69":70,"_71":70},"hasTranslation","bodyLanguage","original","factId","fSNDv2Rrl5IY",{"_72":73,"_15":74},"reportCount",1,"additionalSourceCount",0,"developmentCount","publicId","7ff4856a-3b5f-4838-abd6-89a56c6a7771","巴克莱拟发行挂钩KBWB的自动赎回票据",{"_72":73,"_15":74},"zh","\n \n \n \n

Pricing Supplement dated October 30, 2026
\n(To the Prospectus dated May 15, 2025, the Prospectus Supplement dated May 15, 2025
\n and the Underlying Supplement dated May 15, 2025)

Filed Pursuant to Rule 424(b)(2)
\nRegistration No. 333-287303

\n \n \n \n \n

$\"barclays$

$1,179,000
\n Autocallable Leveraged Barrier Notes due November 2, 2029
\n Linked to the Invesco KBW Bank ETF
\n Global Medium-Term Notes, Series A

Unlike ordinary debt securities, the Notes do not pay interest and\ndo not guarantee the return of the full principal amount at maturity. Instead, as described below, the Notes will be automatically redeemed\nand investors will receive a return equal to the Redemption Premium if the Closing Value of the Underlier on the Observation Date is\ngreater than or equal to the Initial Underlier Value. If not automatically redeemed, the Notes offer leveraged exposure to potential\nappreciation of the Underlier from the Initial Underlier Value to the Final Underlier Value. Investors should be willing to forgo dividend\npayments and, if the Notes are not automatically redeemed and the Final Underlier Value is less than the Barrier Value, be willing to\nlose a significant portion or all of their investment at maturity.

KEY TERMS*

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

Issuer:	Barclays Bank PLC
Denominations:	Minimum denomination of $1,000, and integral multiples of $1,000 in excess thereof
Initial Valuation Date:	October 30, 2026	Final Valuation Date:^†	October 30, 2029
Issue Date:	November 4, 2026	Maturity Date:^†	November 2, 2029
Reference Asset:	The Invesco KBW Bank ETF (Bloomberg ticker symbol “KBWB UQ<Equity>”) (the “Underlier”)
Automatic Redemption:	\n The Notes\nwill not be automatically redeemable for approximately the first year after the Issue Date. If, on the Observation Date, the Closing\nValue of the Underlier is greater than or equal to the Initial Underlier Value, the Notes will be automatically redeemed\nand you will receive on the Redemption Settlement Date a cash payment per $1,000 principal amount Note that will provide a return equal\nto the Redemption Premium, calculated as follows: \n $1,000 + ($1,000 × Redemption Premium) \n No further\namounts will be payable on the Notes after they have been automatically redeemed.
Redemption Premium:	14.10%. If the Notes are automatically redeemed, your return on the Notes will not exceed the Redemption Premium, and your return will not be based on the amount of any appreciation in the value of the Underlier, which may be significant.
Payment at Maturity:	\n If the Notes are not automatically redeemed, you will receive\non the Maturity Date a cash payment per $1,000 principal amount Note determined as follows: \n § \n If the Final Underlier Value is greater than\nthe Initial Underlier Value, you will receive a payment per $1,000 principal amount Note calculated as follows: \n $1,000 + ($1,000 × Underlier Return\n× Upside Leverage Factor) \n § \n If the Final Underlier Value is less than\nor equal to the Initial Underlier Value but greater than or equal to the Barrier Value, you will receive a payment\nof $1,000 per $1,000 principal amount Note. \n § \n If the Final Underlier Value is less than\nthe Barrier Value, you will receive an amount per $1,000 principal amount Note calculated as follows: \n $1,000 + ($1,000 × Underlier Return) \n If the Notes are not automatically redeemed and the Final\nUnderlier Value is less than the Barrier Value, your Notes will be fully exposed to the decline of the Underlier from the Initial Underlier\nValue and you will lose a significant portion or all of your investment at maturity. Any payment on the Notes, including any repayment\nof principal, is not guaranteed by any third party and is subject to (a) the creditworthiness of Barclays Bank PLC and (b) the risk of\nexercise of any U.K. Bail-in Power (as described on page PS-4 of this pricing supplement) by the relevant U.K. resolution authority.\nSee “Selected Risk Considerations” and “Consent to U.K. Bail-in Power” in this pricing supplement and “Risk\nFactors” in the accompanying prospectus supplement.
Consent to U.K. Bail-in Power:	Notwithstanding and to the exclusion of any other term of the Notes or any other agreements, arrangements or understandings between Barclays Bank PLC and any holder or beneficial owner of the Notes (or the trustee on behalf of the holders of the Notes), by acquiring the Notes, each holder or beneficial owner of the Notes acknowledges, accepts, agrees to be bound by, and consents to the exercise of, any U.K. Bail-in Power by the relevant U.K. resolution authority. See “Consent to U.K. Bail-in Power” on page PS-4 of this pricing supplement.
Upside Leverage Factor:	1.25. *The Upside Leverage Factor applies only if the Notes are not automatically redeemed.*
Underlier Return:	Final Underlier Value – Initial Underlier Value \nInitial Underlier Value
Barrier Value:	$66.32, which is 75.00% of the Initial Underlier Value (rounded to two decimal places)
Initial Underlier Value:	$88.42, which is the Closing Value of the Underlier on the Initial Valuation Date

(Terms of the Notes continue on the next page)

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

	\n Initial\nIssue Price⁽¹⁾	\n Price\nto Public	\n Agent’s\nCommission⁽²⁾	\n Proceeds\nto Barclays Bank PLC
Per Note	$1,000	100%	2.25%	97.75%
Total	$1,179,000.00	$1,179,000.00	$26,527.50	$1,152,472.50

(1)

Our estimated value of the Notes on the Initial Valuation Date, based on our internal pricing models, is $947.80 per $1,000 principal\namount Note. The estimated value is less than the initial issue price of the Notes. See “Additional Information Regarding Our Estimated\nValue of the Notes” on page PS-5 of this pricing supplement.

(2)

Barclays Capital Inc. will receive commissions from the Issuer of $22.50 per $1,000 principal amount Note. Barclays Capital Inc. will\nuse these commissions to pay selling concessions or fees (including custodial or clearing fees) to other dealers.

Investing in the Notes involves a number of risks.\nSee “Risk Factors” beginning on page S-9 of the prospectus supplement and “Selected Risk Considerations”\nbeginning on page PS-10 of this pricing supplement.

We may use this pricing supplement in the initial sale of the Notes.\nIn addition, Barclays Capital Inc. or any other of our affiliates may use this pricing supplement in market resale transactions in any\nNotes after their initial sale. Unless we or our agent informs you otherwise in the confirmation of sale, this pricing supplement is\nbeing used in a market resale transaction.

The Notes will not be listed on any U.S. securities exchange or\nquotation system. Neither the U.S. Securities and Exchange Commission (the “SEC”) nor any state securities commission\nhas approved or disapproved of these Notes or determined that this pricing supplement is truthful or complete. Any representation to\nthe contrary is a criminal offense.

The Notes constitute our unsecured and unsubordinated obligations.\nThe Notes are not deposit liabilities of Barclays Bank PLC and are not covered by the U.K. Financial Services Compensation\nScheme or insured by the U.S. Federal Deposit Insurance Corporation or any other governmental agency or deposit insurance\nagency of the United States, the United Kingdom or any other jurisdiction.

PS-1

(Terms of the Notes continued from previous page)

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

Final Underlier Value:	The Closing Value of the Underlier on the Final Valuation Date
Observation Date:^†	November 5, 2027
Redemption Settlement Date:^†	November 10, 2027
Closing Value:	Closing Value has the meaning assigned to “closing price” set forth under “Reference Assets—Exchange-Traded Funds—Special Calculation Provisions” in the prospectus supplement.
Calculation Agent:	Barclays Bank PLC
Additional Terms:	Terms used in this pricing supplement, but not defined herein, shall have the meanings ascribed to them in the prospectus supplement.
CUSIP / ISIN:	06749LM29 / US06749LM297

The Underlier and the terms of the Notes are subject to adjustment by the Calculation Agent and the Maturity Date may be accelerated,\nin each case under certain circumstances as set forth in the accompanying prospectus supplement. See “Selected Risk Considerations—Risks\nRelating to the Underlier” below.

^†

Subject to postponement in certain circumstances, as described under “Reference Assets—Exchange-Traded Funds—Market\nDisruption Events for Securities with an Exchange-Traded Fund That Holds Equity Securities as a Reference Asset” and “Terms\nof the Notes—Payment Dates” in the accompanying prospectus supplement

$\"barclays$

PS-2

ADDITIONAL DOCUMENTS RELATED TO THE OFFERING OF THE NOTES

You should read this pricing supplement together with the prospectus\ndated May 15, 2025, as supplemented by the prospectus supplement dated May 15, 2025 relating to our Global Medium-Term Notes, Series A,\nof which these Notes are a part, and the underlying supplement dated May 15, 2025. This pricing supplement, together with the documents\nlisted below, contains the terms of the Notes and supersedes all prior or contemporaneous oral statements as well as any other written\nmaterials including preliminary or indicative pricing terms, correspondence, trade ideas, structures for implementation, sample structures,\nbrochures or other educational materials of ours. You should carefully consider, among other things, the matters set forth under “Risk\nFactors” in the prospectus supplement and “Selected Risk Considerations” in this pricing supplement, as the Notes involve\nrisks not associated with conventional debt securities. We urge you to consult your investment, legal, tax, accounting and other advisors\nbefore you invest in the Notes.

You may access these documents on the SEC website at www.sec.gov as\nfollows (or if such address has changed, by reviewing our filings for the relevant date on the SEC website):

Prospectus dated May 15, 2025:

http://www.sec.gov/Archives/edgar/data/312070/000119312525120720/d925982d424b2.htm

Prospectus Supplement dated May 15, 2025:

http://www.sec.gov/Archives/edgar/data/312070/000095010325006051/dp228678_424b2-prosupp.htm

Underlying Supplement dated May 15, 2025:

http://www.sec.gov/Archives/edgar/data/312070/000095010325006053/dp228705_424b2-underl.htm

Our SEC file number is 1–10257.\nAs used in this pricing supplement, “we,” “us” and “our” refer to Barclays Bank PLC.

PS-3

consent to u.k.\nbail-in power

Notwithstanding\nand to the exclusion of any other term of the Notes or any other agreements, arrangements or understandings between us and any holder\nor beneficial owner of the Notes (or the trustee on behalf of the holders of the Notes), by acquiring the Notes, each holder or beneficial\nowner of the Notes acknowledges, accepts, agrees to be bound by, and consents to the exercise of, any U.K. Bail-in Power by the relevant\nU.K. resolution authority.

Under\nthe U.K. Banking Act 2009, as amended, the relevant U.K. resolution authority may exercise a U.K. Bail-in Power in circumstances in which\nthe relevant U.K. resolution authority is satisfied that the resolution conditions are met. These conditions include that a U.K. bank\nor investment firm is failing or is likely to fail to satisfy the Financial Services and Markets Act 2000 (the “FSMA”) threshold\nconditions for authorization to carry on certain regulated activities (within the meaning of section 55B FSMA) or, in the case of a U.K.\nbanking group company that is a European Economic Area (“EEA”) or third country institution or investment firm, that the relevant\nEEA or third country relevant authority is satisfied that the resolution conditions are met in respect of that entity.

The\nU.K. Bail-in Power includes any write-down, conversion, transfer, modification and/or suspension power, which allows for (i) the reduction\nor cancellation of all, or a portion, of the principal amount of, or interest on, or any other amounts payable on, the Notes; (ii) the\nconversion of all, or a portion, of the principal amount of, or interest on, or any other amounts payable on, the Notes into shares or\nother securities or other obligations of Barclays Bank PLC or another person (and the issue to, or conferral on, the holder or beneficial\nowner of the Notes of such shares, securities or obligations); (iii) the cancellation of the Notes and/or (iv) the amendment or alteration\nof the maturity of the Notes, or the amendment of the amount of interest or any other amounts due on the Notes, or the dates on which\ninterest or any other amounts become payable, including by suspending payment for a temporary period; which U.K. Bail-in Power may be\nexercised by means of a variation of the terms of the Notes solely to give effect to the exercise by the relevant U.K. resolution authority\nof such U.K. Bail-in Power. Each holder and beneficial owner of the Notes further acknowledges and agrees that the rights of the holders\nor beneficial owners of the Notes are subject to, and will be varied, if necessary, solely to give effect to, the exercise of any U.K.\nBail-in Power by the relevant U.K. resolution authority. For the avoidance of doubt, this consent and acknowledgment is not a waiver of\nany rights holders or beneficial owners of the Notes may have at law if and to the extent that any U.K. Bail-in Power is exercised by\nthe relevant U.K. resolution authority in breach of laws applicable in England.

For\nmore information, please see “Selected Risk Considerations—Risks Relating to the Issuer—You May Lose Some or All of\nYour Investment If Any U.K. Bail-in Power Is Exercised by the Relevant U.K. Resolution Authority” in this pricing supplement as\nwell as “U.K. Bail-in Power,” “Risk Factors—Risks Relating to the Securities Generally—Regulatory action\nin the event a bank or investment firm in the Group is failing or likely to fail, including the exercise by the relevant U.K. resolution\nauthority of a variety of statutory resolution powers, could materially adversely affect the value of any securities” and “Risk\nFactors—Risks Relating to the Securities Generally—Under the terms of the securities, you have agreed to be bound by the exercise\nof any U.K. Bail-in Power by the relevant U.K. resolution authority” in the accompanying prospectus supplement.

PS-4

ADDITIONAL INFORMATION REGARDING OUR ESTIMATED VALUE OF THE NOTES

Our internal pricing models take into account a number of variables\nand are based on a number of subjective assumptions, which may or may not materialize, typically including volatility, interest rates\nand our internal funding rates. Our internal funding rates (which are our internally published borrowing rates based on variables such\nas market benchmarks, our appetite for borrowing, and our existing obligations coming to maturity) may vary from the levels at which our\nbenchmark debt securities trade in the secondary market. Our estimated value on the Initial Valuation Date is based on our internal funding\nrates. Our estimated value of the Notes might be lower if such valuation were based on the levels at which our benchmark debt securities\ntrade in the secondary market.

Our estimated value of the Notes on the Initial Valuation Date is less\nthan the initial issue price of the Notes. The difference between the initial issue price of the Notes and our estimated value of the\nNotes results from several factors, including any sales commissions to be paid to Barclays Capital Inc. or another affiliate of ours,\nany selling concessions, discounts, commissions or fees to be allowed or paid to non-affiliated intermediaries, the estimated profit that\nwe or any of our affiliates expect to earn in connection with structuring the Notes, the estimated cost that we may incur in hedging our\nobligations under the Notes, and estimated development and other costs that we may incur in connection with the Notes.

Our estimated value on the Initial Valuation Date is not a prediction\nof the price at which the Notes may trade in the secondary market, nor will it be the price at which Barclays Capital Inc. may buy or\nsell the Notes in the secondary market. Subject to normal market and funding conditions, Barclays Capital Inc. or another affiliate of\nours intends to offer to purchase the Notes in the secondary market but it is not obligated to do so.

Assuming that all relevant factors remain constant after the Initial\nValuation Date, the price at which Barclays Capital Inc. may initially buy or sell the Notes in the secondary market, if any, and the\nvalue that we may initially use for customer account statements, if we provide any customer account statements at all, may exceed our\nestimated value on the Initial Valuation Date for a temporary period expected to be approximately three months after the Issue Date because,\nin our discretion, we may elect to effectively reimburse to investors a portion of the estimated cost of hedging our obligations under\nthe Notes and other costs in connection with the Notes that we will no longer expect to incur over the term of the Notes. We made such\ndiscretionary election and determined this temporary reimbursement period on the basis of a number of factors, which may include the tenor\nof the Notes and/or any agreement we may have with the distributors of the Notes. The amount of our estimated costs that we effectively\nreimburse to investors in this way may not be allocated ratably throughout the reimbursement period, and we may discontinue such reimbursement\nat any time or revise the duration of the reimbursement period after the initial Issue Date of the Notes based on changes in market conditions\nand other factors that cannot be predicted.

We urge you to read the “Selected Risk Considerations”\nbeginning on page PS-10 of this pricing supplement.

PS-5

Selected Purchase Considerations

The Notes are not appropriate for\nall investors. The Notes may be an appropriate investment for you if all of the following statements are true:

You do not seek an investment that produces periodic interest or coupon payments or other sources of current income.

You understand and accept that, if the Notes are automatically redeemed, you will not participate in any appreciation of the Underlier,\nwhich may be significant, and that your potential return on the Notes is limited to the Redemption Premium.

You can tolerate a loss of a significant portion or all of your principal amount if the Notes are not automatically redeemed and the\nFinal Underlier Value is less than the Barrier Value, and you are willing and able to make an investment that may have the full downside\nmarket risk of an investment in the Underlier.

You anticipate that, if the Notes are not automatically redeemed, the Final Underlier Value will be greater than the Initial Underlier\nValue.

You understand and are willing and able to accept the risks associated with an investment linked to the performance of the Underlier.

You understand and accept that you will not be entitled to receive dividends or distributions that may be paid to holders of the Underlier\nor the securities held by the Underlier, nor will you have any voting rights with respect to the Underlier or the securities held by the\nUnderlier.

You are willing and able to accept the risk that the Notes may be automatically redeemed and that you may not be able to reinvest\nyour money in an alternative investment with comparable risk and yield.

You can tolerate fluctuations in the price of the Notes that may be similar to or exceed the downside fluctuations in the value of\nthe Underlier.

You do not seek an investment for which there will be an active secondary market, and you are willing and able to hold the Notes to\nmaturity if the Notes are not automatically redeemed.

You are willing and able to assume our credit risk for all payments on the Notes.

You are willing and able to consent to the exercise of any U.K. Bail-in Power by any relevant U.K. resolution authority.

The Notes may not be an appropriate\ninvestment for you if any of the following statements are true:

You seek an investment that produces periodic interest or coupon payments or other sources of current income.

You seek an investment that, if the Notes are automatically redeemed, participates in the full appreciation of the Underlier rather\nthan an investment with a return that is limited to the Redemption Premium.

You seek an investment that provides for the full repayment of principal at maturity, and/or you are unwilling or unable to accept\nthe risk that you may lose a significant portion or all of the principal amount of your Notes in the event that the Notes are not automatically\nredeemed and the Final Underlier Value falls below the Barrier Value.

You do not anticipate that, if the Notes are not automatically redeemed, the Final Underlier Value will be greater than the Initial\nUnderlier Value.

You do not understand and/or are unwilling or unable to accept the risks associated with an investment linked to the performance of\nthe Underlier.

You seek an investment that entitles you to dividends or distributions on, or voting rights related to, the Underlier or the securities\nheld by the Underlier.

You are unwilling or unable to accept the risk that the Notes may be automatically redeemed.

You cannot tolerate fluctuations in the price of the Notes that may be similar to or exceed the downside fluctuations in the value\nof the Underlier.

You seek an investment for which there will be an active secondary market, and/or you are unwilling or unable to hold the Notes to\nmaturity if the Notes are not automatically redeemed.

You prefer the lower risk, and therefore accept the potentially lower returns, of fixed income investments with comparable maturities\nand credit ratings.

You are unwilling or unable to assume our credit risk for all payments on the Notes.

You are unwilling or unable to consent to the exercise of any U.K. Bail-in Power by any relevant U.K. resolution authority.

You must rely on your own evaluation of the merits of an investment\nin the Notes. You should reach a decision whether to invest in the Notes after carefully considering,\nwith your advisors, the appropriateness of the Notes in light of your investment objectives and the specific information set out in this\npricing supplement, the prospectus, the prospectus supplement and the underlying supplement. Neither the Issuer nor Barclays Capital Inc.\nmakes any recommendation as to the appropriateness of the Notes for investment.

PS-6

HYPOTHETICAL EXAMPLES OF\nAMOUNTS PAYABLE upon an automatic REDEMPTION

The following examples demonstrate the hypothetical total return upon\nan automatic redemption. The examples set forth below are purely hypothetical and are provided for illustrative purposes only. The numbers\nappearing in the following tables and examples have been rounded for ease of analysis. The hypothetical examples below do not take into\naccount any tax consequences from investing in the Notes and make the following key assumption:

Hypothetical Initial Underlier Value: $100.00*

The hypothetical Initial Underlier Value of $100.00 has been chosen for illustrative purposes only and does not represent\nthe actual Initial Underlier Value. The actual Initial Underlier Value is set forth on the cover of this pricing supplement.

For information regarding recent values of the Underlier, please see\n“Information Regarding the Underlier” in this pricing supplement.

Example 1: The Notes are automatically redeemed on the Observation\nDate.

\n \n \n \n \n \n \n \n \n

Closing Value of the Underlier on \nthe Observation Date	Are the Notes Automatically \nRedeemed?	Redemption Premium
$110.00	Yes	14.10%

Because the Closing Value of the Underlier on the Observation Date\nis greater than or equal to the Initial Underlier Value, the Notes are automatically redeemed on the Redemption Settlement Date. You will\nreceive on the Redemption Settlement Date a cash payment of $1,141.00 per $1,000 principal amount Note, which is equal to your principal\namount plus a return equal to the Redemption Premium. No further amounts will be payable on the Notes after they have been automatically\nredeemed.

Example 2: The Notes are not automatically redeemed on the Observation\nDate.

\n \n \n \n \n \n \n \n \n

Closing Value of the Underlier on \nthe Observation Date	Are the Notes Automatically \nRedeemed?	Redemption Premium
$50.00	No	N/A

Because the Closing Value of the Underlier on the Observation Date\nis less than the Initial Underlier Value, the Notes are not automatically redeemed on the Redemption Settlement Date.

If the Closing Value of the Underlier is below the Initial Underlier\nValue on the Observation Date, the Notes will not be automatically redeemed and you may lose a significant portion or all of your investment\nat maturity. See “Hypothetical Examples of Amounts Payable at Maturity” below.

PS-7

Hypothetical EXAMPLES OF\nAMOUNTS PAYABLE at Maturity

The following table illustrates the\nhypothetical payment at maturity under various circumstances. The examples set forth below are purely hypothetical and are provided for\nillustrative purposes only. The numbers appearing in the following table and examples have been rounded for ease of analysis. The hypothetical\nexamples below do not take into account any tax consequences from investing in the Notes and make the following key assumptions:

Hypothetical Initial Underlier Value: $100.00*

Hypothetical Barrier Value: $75.00 (75.00% of the hypothetical Initial Underlier Value set forth above)*

You hold the Notes to maturity, and the Notes are NOT automatically redeemed.

The hypothetical Initial Underlier Value of $100.00\nand the hypothetical Barrier Value of $75.00 have been chosen for illustrative purposes\nonly and do not represent the actual Initial Underlier Value or Barrier Value. The actual Initial Underlier Value and Barrier Value are\nset forth on the cover of this pricing supplement.

For information regarding recent values of the Underlier, please see\n“Information Regarding the Underlier” in this pricing supplement.

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

Final Underlier Value	Underlier Return	Payment at Maturity per $1,000 Principal \nAmount Note
$200.00	100.00%	$2,250.00
$190.00	90.00%	$2,125.00
$180.00	80.00%	$2,000.00
$170.00	70.00%	$1,875.00
$160.00	60.00%	$1,750.00
$150.00	50.00%	$1,625.00
$140.00	40.00%	$1,500.00
$130.00	30.00%	$1,375.00
$120.00	20.00%	$1,250.00
$110.00	10.00%	$1,125.00
$105.00	5.00%	$1,062.50
$100.00	0.00%	$1,000.00
$95.00	-5.00%	$1,000.00
$90.00	-10.00%	$1,000.00
$80.00	-20.00%	$1,000.00
$75.00	-25.00%	$1,000.00
$74.99	-25.01%	$749.90
$70.00	-30.00%	$700.00
$60.00	-40.00%	$600.00
$50.00	-50.00%	$500.00
$40.00	-60.00%	$400.00
$30.00	-70.00%	$300.00
$20.00	-80.00%	$200.00
$10.00	-90.00%	$100.00
$0.00	-100.00%	$0.00

The following examples illustrate how the payments at maturity set\nforth in the table above are calculated:

Example 1: The value of the Underlier increases from an Initial\nUnderlier Value of $100.00 to a Final Underlier Value of $110.00.

Because the Final Underlier Value is greater than the Initial Underlier\nValue, you will receive a payment at maturity of $1,125.00 per $1,000 principal amount Note that you hold, calculated as follows:

$1,000 + ($1,000 × Underlier Return ×\nUpside Leverage Factor)

$1,000 + ($1,000 × 10.00% × 1.25)

$1,000 + ($1,000 × 12.50%) = $1,125.00

PS-8

Example 2: The value of the Underlier decreases from an Initial\nUnderlier Value of $100.00 to a Final Underlier Value of $95.00.

Because the Final Underlier Value is less than or equal to the Initial\nUnderlier Value but greater than or equal to the Barrier Value, you will receive a payment at maturity of $1,000.00 per $1,000 principal\namount Note that you hold.

Example 3: The value of the Underlier decreases from an Initial\nUnderlier Value of $100.00 to a Final Underlier Value of $50.00.

Because the Final Underlier Value is less than the Barrier Value, you\nwill receive a payment at maturity of $500.00 per $1,000 principal amount Note that you hold, calculated as follows:

$1,000 + ($1,000 × Underlier Return)

$1,000 + ($1,000 × -50.00%) = $500.00

Example 3 demonstrates that, if the Notes are not automatically redeemed,\nand if the Final Underlier Value is less than the Barrier Value, your investment in the Notes will be fully exposed to the decline of\nthe Underlier from the Initial Underlier Value.

If the Notes are not automatically redeemed, you may lose up\nto 100.00% of the principal amount of your Notes. Any payment on the Notes, including the repayment of principal, is subject\nto the credit risk of Barclays Bank PLC.

PS-9

Selected\nRisk Considerations

An investment in the Notes involves significant risks. Investing in\nthe Notes is not equivalent to investing directly in the Underlier or its components. Some of the risks that apply to an investment in\nthe Notes are summarized below, but we urge you to read the more detailed explanation of risks relating to the Notes generally in the\n“Risk Factors” section of the prospectus supplement. You should not purchase the Notes unless you understand and can bear\nthe risks of investing in the Notes.

Risks Relating to the Notes Generally

Your Investment in the Notes May Result in a Significant Loss—The Notes differ from ordinary debt securities in that\nthe Issuer will not necessarily repay the full principal amount of the Notes at maturity. If the Notes are not automatically redeemed,\nand if the Final Underlier Value is less than the Barrier Value, your Notes will be fully exposed to the decline of the Underlier from\nthe Initial Underlier Value. You may lose up to 100.00% of the principal amount of your Notes.

No Interest Payments—As a holder of the Notes, you will not receive interest payments.

If the Notes Are Automatically Redeemed, Your Potential Return on the Notes Is Limited to the Redemption Premium—If the\nNotes are automatically redeemed, your return on the Notes will be limited to the Redemption Premium and will not be based on the amount\nof any appreciation in the value of the Underlier, which may be significant. In addition, if the Notes are automatically redeemed, you\nwill not benefit from the Upside Leverage Factor, which only applies to the payment at maturity if the Final Underlier Value is greater\nthan the Initial Underlier Value.

Automatic Redemption and Reinvestment Risk—While the original term of the Notes is as indicated on the cover of this\npricing supplement, the Notes may be automatically redeemed prior to maturity for a term that could be as short as approximately one year.\nThere is no guarantee that you would be able to reinvest the proceeds from an investment in the Notes in a comparable investment with\na similar level of risk in the event the Notes are automatically redeemed prior to the Maturity Date. No additional payments will be due\nafter an automatic redemption. The automatic redemption feature of the Notes may also adversely impact your ability to sell your Notes\nand the price at which they may be sold.

Any Payment on the Notes Will Be Determined Based on the Closing Values of the Underlier on the Dates Specified—Any payment\non the Notes will be determined based on the Closing Values of the Underlier on the dates specified. You will not benefit from any more\nfavorable value of the Underlier determined at any other time.

Contingent Repayment of the Principal Amount Applies Only at Maturity or upon Any Automatic Redemption—You should be\nwilling to hold your Notes to maturity or any automatic redemption. If you sell your Notes prior to such time in the secondary market,\nif any, you may have to sell your Notes at a price that is less than the principal amount even if at that time the value of the Underlier\nhas increased from the Initial Underlier Value. See “—Risks Relating to the Estimated Value of the Notes and the Secondary\nMarket—Many Economic and Market Factors Will Impact the Value of the Notes” below.

The Notes Are Subject to Volatility Risk—Volatility is a measure of the degree of variation in the price of an asset\n(or level of an index) over a period of time. The Redemption Premium is determined based on a number of factors, including the expected\nvolatility of the Underlier. The Redemption Premium is higher than it otherwise would have been had the expected volatility of the Underlier\nbeen lower. As volatility of the Underlier increases, there will typically be a greater likelihood that the Final Underlier Value will\nbe less than the Barrier Value.

Accordingly, you should understand that\na higher Redemption Premium reflects, among other things, an indication of a greater likelihood that you will incur a loss of principal\nat maturity than would have been the case had the Redemption Premium been lower. In addition, actual volatility over the term of the Notes\nmay be significantly higher than expected volatility at the time the terms of the Notes were determined. If actual volatility is higher\nthan expected, you will face an even greater risk that you will lose a significant portion or all of your principal at maturity for the\nreasons described above.

Owning the Notes Is Not the Same as Owning the Underlier or the Securities Held by the Underlier—The return on the Notes\nmay not reflect the return you would realize if you actually owned the Underlier or the securities held by the Underlier. As a holder\nof the Notes, you will not have voting rights or rights to receive dividends or other distributions or other rights that holders of the\nUnderlier or the securities held by the Underlier would have.

The U.S. Federal Income Tax Consequences of an Investment in the Notes Are Uncertain—There is no direct legal authority\nregarding the proper U.S. federal income tax treatment of the Notes, and we do not plan to request a ruling from the Internal Revenue\nService (the “IRS”). Consequently, significant aspects of the tax treatment of the Notes are uncertain, and the IRS or a court\nmight not agree with the treatment of the Notes as prepaid forward contracts, as described below under “Tax Considerations.”\nIf the IRS were successful in asserting an alternative treatment for the Notes, the tax consequences of the ownership and disposition\nof the Notes could be materially and adversely affected.

Even if the treatment of the Notes is respected, the IRS\nmay assert that the Notes constitute “constructive ownership transactions” within the meaning of Section 1260 of the Internal\nRevenue Code of 1986, as amended (the “Code”), in which case gain recognized in respect of the Notes that would otherwise\nbe long-term capital gain and that was in excess of the “net underlying long-term capital gain” (as defined in Section 1260)\nwould be treated as ordinary income, and a notional interest charge would apply as if that income had accrued for tax purposes at a constant\nyield over the Notes’ term. Our special tax counsel has not expressed an opinion with respect to whether the constructive ownership\nrules apply to the Notes.

PS-10

In addition, in 2007 the Treasury Department\nand the IRS released a notice requesting comments on various issues regarding the U.S. federal income tax treatment of “prepaid\nforward contracts” and similar instruments. Any Treasury regulations or other guidance promulgated after consideration of these\nissues could materially and adversely affect the tax consequences of an investment in the Notes, possibly with retroactive effect. You\nshould review carefully the sections of the accompanying prospectus supplement entitled “Material U.S. Federal Income Tax Consequences—Tax\nConsequences to U.S. Holders—Notes Treated as Prepaid Forward Contracts” and, if you are a non-U.S. holder, “—Tax\nConsequences to Non-U.S. Holders,” and consult your tax advisor regarding the U.S. federal tax consequences of an investment in\nthe Notes (including the potential application of the constructive ownership rules, possible alternative treatments and the issues presented\nby the 2007 notice), as well as tax consequences arising under the laws of any state, local or non-U.S. taxing jurisdiction.

Risks Relating to the Issuer

Credit of Issuer—The Notes are unsecured and unsubordinated debt obligations of the Issuer, Barclays Bank PLC, and are\nnot, either directly or indirectly, an obligation of any third party. Any payment to be made on the Notes, including any repayment of\nprincipal, is subject to the ability of Barclays Bank PLC to satisfy its obligations as they come due and is not guaranteed by any third\nparty. As a result, the actual and perceived creditworthiness of Barclays Bank PLC may affect the market value of the Notes, and in the\nevent Barclays Bank PLC were to default on its obligations, you may not receive any amounts owed to you under the terms of the Notes.

You May Lose Some or All of Your Investment If Any U.K. Bail-in Power Is Exercised by the Relevant U.K.\nResolution Authority—Notwithstanding and to the exclusion of any other term of the Notes or any other agreements, arrangements\nor understandings between Barclays Bank PLC and any holder or beneficial owner of the Notes (or the trustee on behalf of the holders of\nthe Notes), by acquiring the Notes, each holder or beneficial owner of the Notes acknowledges, accepts, agrees to be bound by, and consents\nto the exercise of, any U.K. Bail-in Power by the relevant U.K. resolution authority as set forth under “Consent to U.K. Bail-in\nPower” in this pricing supplement. Accordingly, any U.K. Bail-in Power may be exercised in such a manner as to result in you and\nother holders and beneficial owners of the Notes losing all or a part of the value of your investment in the Notes or receiving a different\nsecurity from the Notes, which may be worth significantly less than the Notes and which may have significantly fewer protections than\nthose typically afforded to debt securities. Moreover, the relevant U.K. resolution authority may exercise the U.K. Bail-in Power without\nproviding any advance notice to, or requiring the consent of, the holders and beneficial owners of the Notes. The exercise of any U.K.\nBail-in Power by the relevant U.K. resolution authority with respect to the Notes will not be a default or an Event of Default (as each\nterm is defined in the senior debt securities indenture) and the trustee will not be liable for any action that the trustee takes, or\nabstains from taking, in either case, in accordance with the exercise of the U.K. Bail-in Power by the relevant U.K. resolution authority\nwith respect to the Notes. See “Consent to U.K. Bail-in Power” in this pricing supplement as well as “U.K. Bail-in Power,”\n“Risk Factors—Risks Relating to the Securities Generally—Regulatory action in the event a bank or investment firm in\nthe Group is failing or likely to fail, including the exercise by the relevant U.K. resolution authority of a variety of statutory resolution\npowers, could materially adversely affect the value of any securities” and “Risk Factors—Risks Relating to the Securities\nGenerally—Under the terms of the securities, you have agreed to be bound by the exercise of any U.K. Bail-in Power by the relevant\nU.K. resolution authority” in the accompanying prospectus supplement.

Risks Relating to the Underlier

The Equity Securities Held by the Underlier Are Concentrated in the Banking Industry—All\nor substantially all of the equity securities held by the Underlier are issued by companies whose primary line of business is directly\nassociated with the banking industry. As a result, the value of the Notes may be subject to greater volatility and be more adversely affected\nby a single economic, political or regulatory occurrence affecting these industries than a different investment linked to securities of\na more broadly diversified group of issuers. Banking companies are subject to extensive government regulation, which may limit both the\namounts and types of loans and other financial commitments they can make, the interest rates, fees and prices they can charge, the scope\nof their activities and the amount of capital they must maintain. Profitability is largely dependent on the availability and cost of capital\nfunds, and can fluctuate significantly when interest rates change or due to increased competition. In addition, deterioration of the credit\nmarkets generally may cause an adverse impact in a broad range of markets, including U.S. and international credit and interbank money\nmarkets generally, thereby affecting a wide range of financial institutions and markets. Credit losses resulting from financial difficulties\nof borrowers and financial losses associated with investment activities can negatively impact the financial sector. Changes in government\nregulation and oversight of financial institutions may have an adverse effect on the financial condition of a financial institution.

Certain Features of the Underlier Will Impact the Value of the Notes — The performance\nof the Underlier will not fully replicate the performance of the Underlying Index (as defined below), and the Underlier may hold securities\nor other assets not included in the Underlying Index. The value of the Underlier is subject to:

Management risk. This is the risk that the investment strategy for the Underlier, the\nimplementation of which is subject to a number of constraints, may not produce the intended results. The Underlier’s investment\nadviser may have the right to use a portion of the Underlier’s assets to invest in securities that are not included in the Underlying\nIndex. The Underlier is not actively managed, and the Underlier’s investment adviser will generally not attempt to take defensive\npositions in declining markets.

PS-11

Derivatives risk. The Underlier may invest in derivatives, including forward contracts,\nfutures contracts, options on futures contracts, options and swaps. A derivative is a financial contract, the value of which depends on,\nor is derived from, the value of an underlying asset such as a security or an index. Compared to conventional securities, derivatives\ncan be more sensitive to changes in interest rates or to sudden fluctuations in market prices, and thus the Underlier’s losses may\nbe greater than if the Underlier invested only in conventional securities.

Transaction costs and fees. Unlike the Underlying Index, the Underlier will reflect transaction\ncosts and fees that will reduce its performance relative to the Underlying Index.

Generally, the longer\nthe time remaining to maturity, the more the market price of the Notes will be affected by the factors described above. In addition, the\nUnderlier may diverge significantly from the performance of the Underlying Index due to differences in trading hours between the Underlier\nand the securities composing the Underlying Index or other circumstances. During periods of market volatility, the component securities\nheld by the Underlier may be unavailable in the secondary market, market participants may be unable to calculate accurately the intraday\nnet asset value per share of the Underlier and the liquidity of the Underlier may be adversely affected. This kind of market volatility\nmay also disrupt the ability of market participants to create and redeem shares in the Underlier. Further, market volatility may adversely\naffect, sometimes materially, the prices at which market participants are willing to buy and sell shares of the Underlier. As a result,\nunder these circumstances, the market value of the Underlier may vary substantially from the net asset value per share of the Underlier.\nBecause the Notes are linked to the performance of the Underlier and not the Underlying Index, the return on your Notes may be less than\nthat of an alternative investment linked directly to the Underlying Index.

Anti-dilution Protection Is Limited, and the Calculation Agent Has Discretion to Make Anti-dilution\nAdjustments—The Calculation Agent may in its sole discretion make adjustments affecting the amounts payable on the Notes upon\nthe occurrence of certain events that the Calculation Agent determines have a diluting or concentrative effect on the theoretical value\nof the shares of the Underlier. However, the Calculation Agent might not make such adjustments in response to all events that could affect\nthe shares of the Underlier. The occurrence of any such event and any adjustment made by the Calculation Agent (or a determination by\nthe Calculation Agent not to make any adjustment) may adversely affect the market price of, and any amounts payable on, the Notes. See\n“Reference Assets—Exchange-Traded Funds—Adjustments Relating to Securities with an Exchange-Traded Fund as a Reference\nAsset—Anti-dilution Adjustments” in the accompanying prospectus supplement.

Adjustments to the Underlier or the Underlying Index Could Adversely Affect the Value of\nthe Notes or Result in the Notes Being Accelerated—The investment adviser of the Underlier may add, delete or substitute the\ncomponent securities held by the Underlier or make changes to its investment strategy, and the sponsor of the Underlying Index may add,\ndelete, substitute or adjust the securities composing the Underlying Index or make other methodological changes to the Underlying Index\nthat could affect its performance. In addition, if the shares of the Underlier are de-listed or if the Underlier is liquidated or otherwise\nterminated, the Calculation Agent may select a successor fund that the Calculation Agent determines to be comparable to the Underlier\nor, if no successor fund is available, the Maturity Date of the Notes will be accelerated for a payment determined by the Calculation\nAgent. Any of these actions could adversely affect the value of the Underlier and, consequently, the value of the Notes. Any amount payable\nupon acceleration could be significantly less than the amount(s) that would be due on the Notes if they were not accelerated. However,\nif we elect not to accelerate the Notes, the value of, and any amount payable on, the Notes could be adversely affected, perhaps significantly.\nSee “Reference Assets—Exchange-Traded Funds—Adjustments Relating to Securities with an Exchange-Traded Fund as a Reference\nAsset—Discontinuance of an Exchange-Traded Fund” in the accompanying prospectus supplement.

We May Accelerate the Notes If a Change-in-Law Event Occurs—Upon the occurrence of legal or regulatory changes that may,\namong other things, prohibit or otherwise materially restrict persons from holding the Notes or the Underlier or its components, or engaging\nin transactions in them, the Calculation Agent may determine that a change-in-law event has occurred and accelerate the Maturity Date\nfor a payment determined by the Calculation Agent in its sole discretion. Any amount payable upon acceleration could be significantly\nless than any amount that would be due on the Notes if they were not accelerated. However, if the Calculation Agent elects not to accelerate\nthe Notes, the value of, and any amount payable on, the Notes could be adversely affected, perhaps significantly, by the occurrence of\nthose legal or regulatory changes. See “Terms of the Notes—Change-in-Law Events” in the accompanying prospectus supplement.

Historical Performance of the Underlier Should Not Be Taken as Any Indication of the Future Performance of the Underlier Over the\nTerm of the Notes—The value of the Underlier has fluctuated in the past and may, in the future, experience significant fluctuations.\nThe historical performance of the Underlier is not an indication of the future performance of the Underlier over the term of the Notes.\nTherefore, the performance of the Underlier over the term of the Notes may bear no relation or resemblance to the historical performance\nof the Underlier.

Risks Relating to Conflicts of Interest

We and Our Affiliates May Engage in Various Activities or Make Determinations That Could Materially Affect the Notes in Various\nWays and Create Conflicts of Interest—We and our affiliates play a variety of roles in connection with the issuance of the Notes,\nas described below. In performing these roles, our and our affiliates’ economic interests are potentially adverse to your interests\nas an investor in the Notes.

In connection with our normal business\nactivities and in connection with hedging our obligations under the Notes, we and our affiliates make markets in and trade various financial\ninstruments or products for our accounts and for the account of our clients

PS-12

and otherwise provide investment banking\nand other financial services with respect to these financial instruments and products. These financial instruments and products may include\nsecurities, derivative instruments or assets that may relate to the Underlier or its components. In any such market making, trading and\nhedging activity, and other financial services, we or our affiliates may take positions or take actions that are inconsistent with, or\nadverse to, the investment objectives of the holders of the Notes. We and our affiliates have no obligation to take the needs of any buyer,\nseller or holder of the Notes into account in conducting these activities. Such market making, trading and hedging activity, investment\nbanking and other financial services may negatively impact the value of the Notes.

In addition, the role played by Barclays\nCapital Inc., as the agent for the Notes, could present significant conflicts of interest with the role of Barclays Bank PLC, as issuer\nof the Notes. For example, Barclays Capital Inc. or its representatives may derive compensation or financial benefit from the distribution\nof the Notes and such compensation or financial benefit may serve as an incentive to sell the Notes instead of other investments. Furthermore,\nwe and our affiliates establish the offering price of the Notes for initial sale to the public, and the offering price is not based upon\nany independent verification or valuation.

In addition to the activities described\nabove, we will also act as the Calculation Agent for the Notes. As Calculation Agent, we will determine any values of the Underlier\nand make any other determinations necessary to calculate any payments on the Notes. In making these determinations, we may be required\nto make discretionary judgments, including those described in the accompanying prospectus supplement and under “—Risks Relating\nto the Underlier” above. In making these discretionary judgments, our economic interests are potentially adverse to your interests\nas an investor in the Notes, and any of these determinations may adversely affect any payments on the Notes.

Risks Relating to the Estimated Value of the Notes and the Secondary\nMarket

Lack of Liquidity—The Notes will not be listed on any securities exchange. Barclays Capital Inc. and other affiliates\nof Barclays Bank PLC intend to make a secondary market for the Notes but are not required to do so, and may discontinue any such secondary\nmarket making at any time, without notice. Barclays Capital Inc. may at any time hold unsold inventory, which may inhibit the development\nof a secondary market for the Notes. Even if there is a secondary market, it may not provide enough liquidity to allow you to trade or\nsell the Notes easily. Because other dealers are not likely to make a secondary market for the Notes, the price at which you may be able\nto trade your Notes is likely to depend on the price, if any, at which Barclays Capital Inc. and other affiliates of Barclays Bank PLC\nare willing to buy the Notes. The Notes are not designed to be short-term trading instruments. Accordingly, you should be able and willing\nto hold your Notes to maturity.

Many Economic and Market Factors Will Impact the Value of the Notes—The value of the Notes will be affected by a number\nof economic and market factors that interact in complex and unpredictable ways and that may either offset or magnify each other, including:

the values and expected volatility of the Underlier;

the time to maturity of the Notes;

dividend rates on the Underlier and the components of the Underlier;

interest and yield rates in the market generally;

a variety of economic, financial, political, regulatory or judicial events;

supply and demand for the Notes; and

our creditworthiness, including actual or anticipated downgrades in our credit ratings.

The Estimated Value of Your Notes Is Lower Than the Initial Issue Price of Your Notes—The estimated value of your Notes\non the Initial Valuation Date is lower than the initial issue price of your Notes. The difference between the initial issue price of your\nNotes and the estimated value of the Notes is a result of certain factors, such as any sales commissions to be paid to Barclays Capital\nInc. or another affiliate of ours, any selling concessions, discounts, commissions or fees to be allowed or paid to non-affiliated intermediaries,\nthe estimated profit that we or any of our affiliates expect to earn in connection with structuring the Notes, the estimated cost which\nwe may incur in hedging our obligations under the Notes, and estimated development and other costs which we may incur in connection with\nthe Notes.

The Estimated Value of Your Notes Might Be Lower If Such Estimated Value Were Based on the Levels at Which Our Debt Securities\nTrade in the Secondary Market—The estimated value of your Notes on the Initial Valuation Date is based on a number of variables,\nincluding our internal funding rates. Our internal funding rates may vary from the levels at which our benchmark debt securities trade\nin the secondary market. As a result of this difference, the estimated value referenced above might be lower if such estimated value were\nbased on the levels at which our benchmark debt securities trade in the secondary market.

The Estimated Value of the Notes Is Based on Our Internal Pricing Models, Which May Prove to Be Inaccurate and May Be Different\nfrom the Pricing Models of Other Financial Institutions—The estimated value of your Notes on the Initial Valuation Date is based\non our internal pricing models, which take into account a number of variables and are based on a number of subjective assumptions, which\nmay or may not materialize. These variables and assumptions are not evaluated or verified on an independent basis. Further, our pricing\nmodels may be different from other financial institutions’ pricing models and the methodologies used by us to estimate the value\nof the Notes may not be consistent with those of other financial institutions which may be purchasers or sellers of Notes in the secondary\nmarket. As a result, the secondary market price of your Notes may be materially different from the estimated value of the Notes determined\nby reference to our internal pricing models.

PS-13

The Estimated Value of Your Notes Is Not a Prediction of the Prices at Which You May Sell Your Notes in the Secondary Market, If\nAny, and Such Secondary Market Prices, If Any, Will Likely Be Lower Than the Initial Issue Price of Your Notes and May Be Lower Than the\nEstimated Value of Your Notes—The estimated value of the Notes will not be a prediction of the prices at which Barclays Capital\nInc., other affiliates of ours or third parties may be willing to purchase the Notes from you in secondary market transactions (if they\nare willing to purchase, which they are not obligated to do). The price at which you may be able to sell your Notes in the secondary market\nat any time will be influenced by many factors that cannot be predicted, such as market conditions, and any bid and ask spread for similar\nsized trades, and may be substantially less than our estimated value of the Notes. Further, as secondary market prices of your Notes take\ninto account the levels at which our debt securities trade in the secondary market, and do not take into account our various costs\nrelated to the Notes such as fees, commissions, discounts, and the costs of hedging our obligations under the Notes, secondary market\nprices of your Notes will likely be lower than the initial issue price of your Notes. As a result, the price at which Barclays Capital\nInc., other affiliates of ours or third parties may be willing to purchase the Notes from you in secondary market transactions, if any,\nwill likely be lower than the price you paid for your Notes, and any sale prior to the Maturity Date could result in a substantial loss\nto you.

The Temporary Price at Which We May Initially Buy the Notes in the Secondary Market and the Value We May Initially Use for Customer\nAccount Statements, If We Provide Any Customer Account Statements at All, May Not Be Indicative of Future Prices of Your\nNotes—Assuming that all relevant factors remain constant after the Initial Valuation Date, the price at which Barclays Capital\nInc. may initially buy or sell the Notes in the secondary market (if Barclays Capital Inc. makes a market in the Notes, which it is not\nobligated to do) and the value that we may initially use for customer account statements, if we provide any customer account statements\nat all, may exceed our estimated value of the Notes on the Initial Valuation Date, as well as the secondary market value of the Notes,\nfor a temporary period after the initial Issue Date of the Notes. The price at which Barclays Capital Inc. may initially buy or sell the\nNotes in the secondary market and the value that we may initially use for customer account statements may not be indicative of future\nprices of your Notes.

PS-14

Information Regarding\nthe UNDERLIER

All information contained in this pricing supplement regarding the\nUnderlier has been derived from publicly available information, without independent verification. This information reflects the policies\nof, and is subject to change by, Invesco Exchange-Traded Fund Trust II and Invesco Capital Management LLC. The Underlier is an investment\nportfolio of Invesco Exchange-Traded Fund Trust II and is maintained and managed by Invesco Capital Management LLC, the investment adviser\nto the Underlier. The Underlier is an exchange-traded fund that trades on The Nasdaq Stock Market under the ticker symbol “KBWB.”

The Invesco KBW Bank ETF is an exchange-traded fund that seeks to track\nthe investment results, before fees and expenses, of the KBW Nasdaq Bank^TM Index (the “Underlying Index”). The\nUnderlying Index is a modified market capitalization-weighted index of companies primarily engaged in U.S. banking activities, as determined\nby the index provider.

The Underlier employs a “full replication” methodology\nin seeking to track the Underlying Index, meaning that it generally invests in all of the securities composing the Underlying Index in\nproportion to their weightings in the Underlying Index. However, under various circumstances, it may not be possible or practicable to\npurchase all of those securities in those same weightings. In those circumstances, the Underlier may purchase a sample of securities in\nthe Underlying Index. A “sampling” methodology means that Invesco Capital Management LLC uses quantitative analysis to select\nsecurities from the Underlying Index universe to obtain a representative sample of securities that have, in the aggregate, investment\ncharacteristics similar to the Underlying Index in terms of key risk factors, performance attributes and other characteristics. These\ninclude industry weightings, market capitalization, return variability, earnings valuation, yield and other financial characteristics\nof securities. When employing a sampling methodology, Invesco bases the quantity of holdings in the Underlier on a number of factors,\nincluding asset size of the Underlier, and generally expects the Underlier to hold less than the total number of securities in the Underlying\nIndex. However, Invesco Capital Management LLC reserves the right to invest the Underlier in as many securities as it believes necessary\nto achieve the Underlier’s investment objective. To the extent the Underlier uses a sampling methodology, it may have a larger tracking\nerror than if it used a full replication methodology. There may also be instances in which Invesco Capital Management LLC may choose to\noverweight or underweight certain securities in the Underlying Index, purchase securities not in the Underlying Index which\nInvesco Capital Management believes are appropriate to substitute for certain securities in the Underlying Index, sell securities\nthat are represented in the Underlying Index in anticipation of their removal from the Underlying Index or purchase securities\nnot represented in the Underlying Index in anticipation of their addition to the Underlying Index.

The Underlier’s return may not match the return of the Underlying Index\nfor a number of reasons. For example, the Underlier incurs operating expenses not applicable to the Underlying Index and incurs costs\nin buying and selling securities, especially when rebalancing the Underlier’s portfolio holdings to reflect changes in the composition\nof the Underlying Index. In addition, the performance of the Underlier and the Underlying Index may vary due to asset valuation differences\nand differences between the Underlier’s portfolio and the Underlying Index resulting from legal restrictions, costs or liquidity\nconstraints.

The Invesco Exchange-Traded Fund Trust II is a registered investment\ncompany that consists of numerous separate investment portfolios, including the Underlier. Information provided to or filed with the SEC\nby Invesco Exchange-Traded Fund Trust II pursuant to the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as\namended, can be located by reference to SEC file numbers 333-138490 and 811-21977, respectively, through the SEC’s website at http://www.sec.gov.

PS-15

Historical Performance of the Underlier

The graph below sets forth the historical performance of the Underlier\nbased on the daily Closing Values from January 4, 2021 through October 30, 2026. We obtained the Closing Values shown in the graph below\nfrom Bloomberg Professional^® service (“Bloomberg”). We have not independently verified the accuracy or completeness\nof the information obtained from Bloomberg. The Closing Values below may reflect adjustments in response to certain actions, such as\nstock splits and reverse stock splits.

Historical Performance of the Invesco KBW Bank\nETF

$\"\"$

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE\nRESULTS

PS-16

Tax Considerations

You should review carefully the sections in the accompanying prospectus\nsupplement entitled “Material U.S. Federal Income Tax Consequences—Tax Consequences to U.S. Holders—Notes Treated as\nPrepaid Forward Contracts” and, if you are a non-U.S. holder, “—Tax Consequences to Non-U.S. Holders.” The following\ndiscussion, when read in combination with those sections, constitutes the full opinion of our special tax counsel, Davis Polk & Wardwell\nLLP, regarding the material U.S. federal income tax consequences of owning and disposing of the Notes. The following discussion supersedes\nthe discussion in the accompanying prospectus supplement to the extent it is inconsistent therewith.

As discussed in the section entitled “Material U.S. Federal Income\nTax Consequences” in the accompanying prospectus supplement, we have not attempted to ascertain whether any issuer of any shares\n(or other equity interests) to which a Note relates is a U.S. real property holding corporation (“USRPHC”) or a passive foreign\ninvestment company (“PFIC”). If any such issuer were so treated, certain adverse U.S. federal income tax consequences might\napply, to a U.S. holder in the case of a PFIC, or to a non-U.S. holder in the case of a USRPHC. You should consult your tax advisor regarding\nthese issues, including the effect any circumstances specific to you may have on the U.S. federal income tax consequences of your ownership\nof a Note.

Based on current market conditions, in the opinion of our special tax\ncounsel, it is reasonable to treat the Notes for U.S. federal income tax purposes as prepaid forward contracts with respect to the Underlier.\nAssuming this treatment is respected, upon a sale or exchange of the Notes (including redemption upon an automatic call or at maturity),\nyou should recognize gain or loss equal to the difference between the amount realized on the sale or exchange and your tax basis in the\nNotes, which should equal the amount you paid to acquire the Notes. Subject to the application of the constructive ownership rules, any\ngain or loss recognized on your Notes should be treated as short-term capital gain or loss unless you hold your Notes for more than a\nyear, in which case the gain or loss should be long-term capital gain or loss, whether or not you are an initial purchaser of Notes at\nthe original issue price. The Notes could be treated as constructive ownership transactions within the meaning of Section 1260 of the\nCode, in which case any gain recognized in respect of the Notes that would otherwise be long-term capital gain and that was in excess\nof the “net underlying long-term capital gain” (as defined in Section 1260) would be treated as ordinary income, and a notional\ninterest charge would apply as if that income had accrued for tax purposes at a constant yield over the Notes’ term. Our special\ntax counsel has not expressed an opinion with respect to whether the constructive ownership rules apply to the Notes. Accordingly, U.S.\nholders should consult their tax advisors regarding the potential application of the constructive ownership rules.

The IRS or a court may not respect the treatment of the Notes described\nabove, in which case the timing and character of any income or loss on the Notes could be materially and adversely affected. In addition,\nin 2007 the U.S. Treasury Department and the IRS released a notice requesting comments on the U.S. federal income tax treatment of “prepaid\nforward contracts” and similar instruments. The notice focuses in particular on whether to require investors in these instruments\nto accrue income over the term of their investment. It also asks for comments on a number of related topics, including the character of\nincome or loss with respect to these instruments; the relevance of factors such as the nature of the underlying property to which the\ninstruments are linked; the degree, if any, to which income (including any mandated accruals) realized by non-U.S. investors should be\nsubject to withholding tax; and whether these instruments are or should be subject to the constructive ownership regime described above.\nWhile the notice requests comments on appropriate transition rules and effective dates, any Treasury regulations or other guidance promulgated\nafter consideration of these issues could materially and adversely affect the tax consequences of an investment in the Notes, possibly\nwith retroactive effect. You should consult your tax advisor regarding the U.S. federal income tax consequences of an investment in the\nNotes, including the potential application of the constructive ownership rules, possible alternative treatments and the issues presented\nby this notice.

Treasury regulations under Section 871(m) generally impose a withholding\ntax on certain “dividend equivalents” under certain “equity linked instruments.” A recent IRS notice excludes\nfrom the scope of Section 871(m) instruments issued prior to January 1, 2029 that do not have a “delta of one” with respect\nto underlying securities that could pay U.S.-source dividends for U.S. federal income tax purposes (each an “Underlying Security”).\nBased on our determination that the Notes do not have a “delta of one” within the meaning of the regulations, our special\ntax counsel is of the opinion that these regulations should not apply to the Notes with regard to non-U.S. holders. Our determination\nis not binding on the IRS, and the IRS may disagree with this determination. Section 871(m) is complex and its application may depend\non your particular circumstances, including whether you enter into other transactions with respect to an Underlying Security. You should\nconsult your tax advisor regarding the potential application of Section 871(m) to the Notes.

PS-17

SUPPLEMENTAL PLAN OF DISTRIBUTION

We have agreed to sell to Barclays Capital Inc. (the “agent”),\nand the agent has agreed to purchase from us, the principal amount of the Notes, and at the price, specified on the cover of this pricing\nsupplement. The agent commits to take and pay for all of the Notes, if any are taken.

VALIDITY OF THE NOTES

In the opinion of Davis Polk & Wardwell LLP, as special United\nStates products counsel to Barclays Bank PLC, when the Notes offered by this pricing supplement have been issued by Barclays Bank PLC\npursuant to the indenture, the trustee has made, in accordance with instructions from Barclays Bank PLC, appropriate entries or notations\nin its records relating to the master global note that represents such Notes (the “master note”), and such Notes have been\ndelivered against payment as contemplated herein, such Notes will be valid and binding obligations of Barclays Bank PLC, enforceable in\naccordance with their terms, subject to applicable bankruptcy, insolvency and similar laws affecting creditors’ rights generally,\nconcepts of reasonableness and equitable principles of general applicability (including, without limitation, concepts of good faith, fair\ndealing and the lack of bad faith) and possible judicial or regulatory actions or application giving effect to governmental actions or\nforeign laws affecting creditors’ rights, provided that such counsel expresses no opinion as to (i) the effect of fraudulent\nconveyance, fraudulent transfer or similar provision of applicable law on the conclusions expressed above or (ii) the validity, legally\nbinding effect or enforceability of any provision that permits holders to collect any portion of the stated principal amount upon acceleration\nof the Notes to the extent determined to constitute unearned interest. This opinion is given as of the date hereof and is limited to the\nlaws of the State of New York, except that such counsel expresses no opinion as to (i) any law, rule or regulation that is applicable\nto Barclays Bank PLC, the indenture or the Notes (together with the indenture, the “Documents”) or such transactions solely\nbecause such law, rule or regulation is part of a regulatory regime applicable to any party to any of the Documents or any of its affiliates\ndue to the specific assets or business of such party or such affiliate or (ii) any law, rule or regulation relating to national security.\nInsofar as this opinion involves matters governed by English law, Davis Polk & Wardwell LLP has relied, with Barclays Bank PLC’s\npermission, on the opinion of Davis Polk & Wardwell London LLP, dated as of June 11, 2026, filed as an exhibit to a report on Form\n6-K by Barclays Bank PLC on June 11, 2026, and this opinion is subject to the same assumptions, qualifications and limitations as set\nforth in such opinion of Davis Polk & Wardwell London LLP. In addition, this opinion is subject to customary assumptions about the\ntrustee’s authorization, execution and delivery of the indenture and its authentication of the master note and the validity, binding\nnature and enforceability of the indenture with respect to the trustee, all as stated in the opinion of Davis Polk & Wardwell LLP,\ndated June 11, 2026, which has been filed as an exhibit to the report on Form 6-K referred to above.

PS-18

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