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Pricing Supplement dated October 30, 2026

(To the Prospectus dated May 15, 2025, the Prospectus Supplement dated\n May 15, 2025
\n and the Underlying Supplement dated May 15, 2025)

Filed Pursuant to Rule 424(b)(2)

Registration No. 333-287303

\n \n \n \n

$\"barclays$

$112,000

Barrier\n Dual Directional Notes due November 4, 2031

Linked\n to the S&P 500^® Futures Excess Return Index

Global\n 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 offer leveraged exposure\nto potential appreciation of the Underlier from the Initial Underlier Value to the Final Underlier Value and an unleveraged positive return\nbased on any potential depreciation of the Underlier from the Initial Underlier Value to the Final Underlier Value, but only if the Final\nUnderlier Value is greater than or equal to the Barrier Value. Investors should be willing to forgo dividend payments and, if the Final\nUnderlier Value is less than the Barrier Value, be willing to lose a significant portion or all of their investment at maturity.

KEY TERMS*

\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

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

Initial Valuation Date:	October 30, 2026	Final Valuation Date:^†	October 30, 2031
Issue Date:	November 4, 2026	Maturity Date:^†	November 4, 2031

\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

Reference Asset:	The S&P 500^® Futures Excess Return Index (Bloomberg ticker symbol “SPXFP<Index>”) (the “Underlier”)
Payment at Maturity:	\n You will receive on the Maturity Date a cash payment per $1,000 principal\n amount Note determined as follows: \n §\tIf\n the Final Underlier Value is greater than the Initial Underlier Value, you will receive a payment per $1,000 principal amount Note\n calculated as follows: \n $1,000 + ($1,000 × Underlier Return ×\n Upside Leverage Factor) \n §\tIf\n the Final Underlier Value is less than or equal to the Initial Underlier Value but greater than or equal to\n the Barrier Value, you will receive a payment per $1,000 principal amount Note calculated as follows: \n $1,000 + ($1,000 × Absolute Value Return) \n If the Final Underlier Value is less than or equal to the Initial\n Underlier Value but greater than or equal to the Barrier Value, you will receive a positive 1% return on the Notes for each 1% decrease\n of the Underlier. In no event will this return exceed 30.00%. \n §\tIf\n the Final Underlier Value is less than the Barrier Value, you will receive an amount per $1,000 principal amount Note calculated\n as follows: \n $1,000 + ($1,000 × Underlier Return) \n If the Final Underlier Value is less than the Barrier Value,\n your Notes will be fully exposed to the decline of the Underlier from the Initial Underlier Value and you will lose a significant portion\n or all of your investment at maturity. Any payment on the Notes, including any repayment of principal, is not guaranteed by any third\n party and is subject to (a) the creditworthiness of Barclays Bank PLC and (b) the risk of exercise of any U.K. Bail-in Power (as described\n on page PS-4 of this pricing supplement) by the relevant U.K. resolution authority. See “Selected Risk Considerations” and\n “Consent to U.K. Bail-in Power” in this pricing supplement and “Risk Factors” 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:	2.15
Underlier Return:	Final Underlier Value – Initial Underlier Value \nInitial Underlier Value
Absolute Value Return:	The absolute value of the Underlier Return. For example, a -5% Underlier Return will result in a +5% Absolute Value Return.
Barrier Value:	420.46, which is 70.00% of the Initial Underlier Value (rounded to two decimal places)
Initial Underlier Value:	600.65, 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 Issue\n Price⁽¹⁾⁽²⁾	\n Price to Public	\n Agent’s\n Commission⁽³⁾	\n Proceeds to\n Barclays Bank PLC
Per Note	$1,000	100%	0.925%	99.075%
Total	$112,000.00	$112,000.00	$1,017.25	$110,982.75

(1)

Because dealers who purchase the Notes for sale to certain fee-based advisory accounts may forgo some or all selling concessions,\nfees or commissions, the public offering price for investors purchasing the Notes in such fee-based advisory accounts may be between $990.75\nand $1,000 per $1,000 principal amount Note. Investors that hold their Notes in fee-based advisory or trust accounts may be charged fees\nby the investment advisor or manager of such account based on the amount of assets held in those accounts, including the Notes.

(2)

Our estimated value of the Notes on the Initial Valuation Date, based on our internal pricing models, is $955.20 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.

(3)

Barclays Capital Inc. will receive commissions from the Issuer of up to $9.25 per $1,000 principal amount Note. Barclays Capital Inc.\nwill use these commissions to pay variable selling concessions or fees (including custodial or clearing fees) to other dealers. The agent’s\ncommission per Note shown above is the maximum agent’s commission, and the proceeds to Issuer per Note shown above is the minimum\namount of proceeds that the Issuer receives per Note. The total agent’s commission and total proceeds to Issuer shown above give\neffect to the actual amount of the variable agent’s commission.

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 being\nused 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 the\ncontrary 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

Final Underlier Value:	The Closing Value of the Underlier on the Final Valuation Date
Closing Value:	Closing Value has the meaning assigned to “closing level” set forth under “Reference Assets—Indices—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:	06749LCG9 / US06749LCG95

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—Indices—Market Disruption\nEvents for Securities with an Equity Futures Index as a Reference Asset” and “Terms of the Notes—Payment Dates”\nin 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 six 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 that the Absolute Value Return feature applies only if the Underlier decreases from the Initial Underlier Value but\nnot by more than 30.00%, that any positive return in the event that the Final Underlier Value is less than the Initial Underlier Value\nis limited to 30.00% and that any decline in the Final Underlier Value from the Initial Underlier Value by more than 30.00% will result\nin a loss, rather than a positive return, on the Notes.

You can tolerate a loss of a significant portion or all of your principal amount, and you are willing and able to make an investment\nthat may have the full downside market risk of an investment in the Underlier.

You do not anticipate that the Final Underlier Value will fall below the Barrier Value.

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 have any rights with respect to the futures contracts composing the Underlier or be entitled\nto receive dividends or distributions that may be paid to holders of the securities composing the reference index of those futures contracts\n(the “Reference Index”), nor will you have any voting rights with respect to the securities composing the Reference Index.

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.

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 are unwilling or unable to accept that the Absolute Value Return feature applies only if the Underlier decreases from the Initial\nUnderlier Value but not by more than 30.00%, that any positive return in the event that the Final Underlier Value is less than the Initial\nUnderlier Value is limited to 30.00% or that any decline in the Final Underlier Value from the Initial Underlier Value by more than 30.00%\nwill result in a loss, rather than a positive return, on the Notes.

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 Final Underlier Value\nfalls below the Barrier Value.

You anticipate that the Final Underlier Value will fall below the Barrier 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 rights with respect to the futures contracts composing the Underlier or to dividends or\ndistributions on, or voting rights related to, the securities composing the Reference Index.

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.

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.

The Notes are not futures\ncontracts or swaps and are not regulated under the Commodity Exchange Act of 1936, as amended (the “Commodity Exchange Act”).\nThe Notes are offered pursuant to an exemption from regulation under the Commodity Exchange Act, commonly known as the hybrid instrument\nexemption, that is available to securities that have one or more payments indexed to the value, level or rate of one or more commodities,\nas set out in section 2(f) of that statute. Accordingly, you are not afforded

PS-6

any protection provided\nby the Commodity Exchange Act or any regulation promulgated by the Commodity Futures Trading Commission.

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: 70.00 (70.00% of the hypothetical Initial Underlier Value set forth above)*

The hypothetical Initial Underlier Value of 100.00\nand the hypothetical Barrier Value of 70.00 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 \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	Absolute Value Return	Payment at Maturity per $1,000 Principal Amount Note
200.00	100.00%	N/A	$3,150.00
190.00	90.00%	N/A	$2,935.00
180.00	80.00%	N/A	$2,720.00
170.00	70.00%	N/A	$2,505.00
160.00	60.00%	N/A	$2,290.00
150.00	50.00%	N/A	$2,075.00
140.00	40.00%	N/A	$1,860.00
130.00	30.00%	N/A	$1,645.00
120.00	20.00%	N/A	$1,430.00
110.00	10.00%	N/A	$1,215.00
105.00	5.00%	N/A	$1,107.50
100.00	0.00%	0.00%	$1,000.00
95.00	-5.00%	5.00%	$1,050.00
90.00	-10.00%	10.00%	$1,100.00
80.00	-20.00%	20.00%	$1,200.00
70.00	-30.00%	30.00%	$1,300.00
69.99	-30.01%	N/A	$699.90
60.00	-40.00%	N/A	$600.00
50.00	-50.00%	N/A	$500.00
40.00	-60.00%	N/A	$400.00
30.00	-70.00%	N/A	$300.00
20.00	-80.00%	N/A	$200.00
10.00	-90.00%	N/A	$100.00
0.00	-100.00%	N/A	$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 $1,215.00 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% × 2.15)

$1,000 + ($1,000 × 21.50%) = $1,215.00

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 $1,050.00 per $1,000 principal\namount Note that you hold, calculated as follows:

$1,000 + ($1,000 × Absolute Value Return)

Because the absolute value of the Underlier Return of -5.00% is +5.00%,\nthe Absolute Value Return is +5.00% and the payment at maturity is calculated as follows:

$1,000 + ($1,000 × 5.00%) = $1,050.00

Example 2 demonstrates that, 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 positive 1% return on the Notes\nfor each 1% decrease of the Underlier.

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 Final Underlier Value is less than\nthe Barrier Value, your investment in the Notes will be fully exposed to the decline of the Underlier from the Initial Underlier Value.

You may lose up to 100.00% of the principal amount of your Notes.\nAny payment on the Notes, including the repayment of principal, is subject to 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 Final Underlier Value is less than the\nBarrier Value, your Notes will be fully exposed to the decline of the Underlier from the Initial Underlier Value. You may lose up\nto 100.00% of the principal amount of your Notes.

Your Potential for a Positive Return from Depreciation of the Underlier Is Limited—The Absolute Value Return feature\napplies only if the Final Underlier Value is less than the Initial Underlier Value but greater than or equal to the Barrier Value, which\nis equal to 70.00% of the Initial Underlier Value. Thus, any potential return on the Notes in the event that the Final Underlier Value\nis less than the Initial Underlier Value is limited to 30.00%. Any decline in the Final Underlier Value from the Initial Underlier Value\nby more than 30.00% will result in a loss, rather than a positive return, on the Notes.

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

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—You should be willing to hold your Notes to maturity.\nIf you sell your Notes prior to such time in the secondary market, if any, you may have to sell your Notes at a price that is less than\nthe principal amount even if at that time the value of the Underlier has increased from the Initial Underlier Value. See “—Risks\nRelating to the Estimated Value of the Notes and the Secondary Market—Many Economic and Market Factors Will Impact the Value of\nthe Notes” below.

Owning the Notes Is Not the Same as Owning the Futures Contracts Composing the Underlier or the Securities Composing the Reference\nIndex—The return on the Notes may not reflect the return you would realize if you actually owned the futures contracts composing\nthe Underlier or the securities composing the Reference Index. As a holder of the Notes, you will not have any rights with respect to\nthe futures contracts composing the Underlier or voting rights or rights to receive dividends or other distributions or other rights that\nholders of the securities composing the Reference Index 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.

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 possible alternative treatments and the issues presented by the 2007 notice), as well as tax consequences arising\nunder 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

PS-10

manner as to result in you and other holders\nand beneficial owners of the Notes losing all or a part of the value of your investment in the Notes or receiving a different security\nfrom the Notes, which may be worth significantly less than the Notes and which may have significantly fewer protections than those typically\nafforded to debt securities. Moreover, the relevant U.K. resolution authority may exercise the U.K. Bail-in Power without providing any\nadvance notice to, or requiring the consent of, the holders and beneficial owners of the Notes. The exercise of any U.K. Bail-in Power\nby the relevant U.K. resolution authority with respect to the Notes will not be a default or an Event of Default (as each term is defined\nin the senior debt securities indenture) and the trustee will not be liable for any action that the trustee takes, or abstains from taking,\nin either case, in accordance with the exercise of the U.K. Bail-in Power by the relevant U.K. resolution authority with respect to the\nNotes. See “Consent to U.K. Bail-in Power” in this pricing supplement as well as “U.K. Bail-in Power,” “Risk\nFactors—Risks Relating to the Securities Generally—Regulatory action in the event a bank or investment firm in the Group is\nfailing or likely to fail, including the exercise by the relevant U.K. resolution authority of a variety of statutory resolution powers,\ncould materially adversely affect the value of any securities” and “Risk Factors—Risks Relating to the Securities Generally—Under\nthe terms of the securities, you have agreed to be bound by the exercise of any U.K. Bail-in Power by the relevant U.K. resolution authority”\nin the accompanying prospectus supplement.

Risks Relating to the Underlier

The Underlier Reflects the Price Return of the Futures Contracts Composing\nthe Underlier, Not the Total Return—The return on the Notes is based on the performance of the Underlier, which reflects changes\nin the market prices of the futures contracts composing the Underlier and positive or negative yields associated with rolling those futures\ncontracts. The Underlier is not a “total return” index that, in addition to reflecting those price and roll returns, would\nalso reflect interest on a hypothetical cash position collateralizing the futures contracts composing the Underlier. Accordingly, the\nreturn on the Notes will not include such a total return feature.

Adjustments to the Underlier Could Adversely Affect the Value of the Notes—The\nsponsor of the Underlier may add, delete, substitute or adjust the futures contracts composing\nthe Underlier or make other methodological changes to the Underlier that\ncould affect its performance, and the sponsor of the Reference Index may add, delete, substitute or adjust the securities composing the\nReference Index or make other methodological changes to the Reference Index that could affect the performance of the Underlier. The Calculation\nAgent will calculate the value to be used as the Closing Value of the Underlier in the event\nof certain material changes in or modifications to the Underlier. In addition, the sponsor\nof the Underlier may also discontinue or suspend calculation or publication of the\nUnderlier at any time. Under these circumstances, the\nCalculation Agent may select a successor index that the Calculation Agent determines to be comparable to the Underlier or,\nif no successor index is available, the Calculation Agent will determine the value to be used as the Closing Value of the Underlier.\nAny of these actions could adversely affect the value of the Underlier and, consequently, the value of the Notes. See “Reference\nAssets—Indices—Adjustments Relating to Securities with an Index as a Reference Asset” in the accompanying prospectus\nsupplement.

The Performance of the Underlier Will Differ from the Performance of the Reference Index—A\nvariety of factors can lead to a disparity between the performance of an equity index futures contract and its reference index, including\nthe expected dividend yields of the equity securities included in the reference index, an implicit financing cost associated with the\nfutures contract and policies of the exchange on which the futures contracts are traded, such as margin requirements. A decline in expected\ndividend yields or an increase in margin requirements may adversely affect the performance of the Underlier. In addition, the implicit\nfinancing cost will negatively affect the performance of the Underlier, with a greater negative effect when market interest rates are\nhigher. During periods of high market interest rates, the Underlier is likely to underperform the Reference Index, perhaps significantly.\n

Negative Roll Returns Associated with the Futures Contracts Composing the Underlier May Adversely\nAffect the Level of the Underlier and the Value of the Notes—Unlike equity securities, the futures contracts composing the Underlier,\nby their terms, have stated expirations. As the futures contracts composing the Underlier approach expiration, they are replaced by contracts\nof the same series that have a later expiration. For example, a futures contract notionally purchased and held in June may specify a September\nexpiration date. As time passes, the contract expiring in September is replaced by a contract for delivery in December. This is accomplished\nby notionally selling the September contract and notionally purchasing the December contract. This process is referred to as “rolling.”\nExcluding other considerations, if prices are higher in the distant delivery months than in the nearer delivery months, the notional purchase\nof the December contract would take place at a price that is higher than the price of the September contract, thereby creating a negative\n“roll return.” Negative roll returns adversely affect the returns on the futures contracts composing the Underlier and, therefore,\nthe value of the Underlier and any payments on, and the value of, the Notes. Because of the potential effects of negative roll returns,\nit is possible for the value of the Underlier to decrease significantly over time, even when the levels of the Reference Index are stable\nor increasing.

The Underlier Is Subject to Significant Risks Associated with Futures Markets—Futures\nmarkets are subject to temporary distortions or other disruptions due to various factors, including lack of liquidity, the participation\nof speculators and government regulation and intervention. In addition, futures exchanges generally have regulations that limit the amount\nof the futures contract price fluctuations that may occur in a single day. These limits are generally referred to as “daily price\nfluctuation limits” and the maximum or minimum price of a contract on any given day as a result of those limits is referred to as\na “limit price.” Once the limit price has been reached in a particular contract, no trades may be made at a price beyond the\nlimit, or trading may be limited for a set period of time. Limit prices have the effect of precluding trading in a particular contract\nor forcing the liquidation of

PS-11

contracts\nat potentially disadvantageous times or prices. These circumstances could delay the calculation of the value of the Underlier. These factors\nand others can cause the prices of the futures contracts composing the Underlier to be volatile and could adversely affect the value of\nthe Underlier and any payments on, and the value of, your Notes.

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 and otherwise provide investment banking and other financial\nservices with respect to these financial instruments and products. These financial instruments and products may include securities, derivative\ninstruments or assets that may relate to the Underlier or its components. In any such market making, trading and hedging activity, and\nother financial services, we or our affiliates may take positions or take actions that are inconsistent with, or adverse to, the investment\nobjectives of the holders of the Notes. We and our affiliates have no obligation to take the needs of any buyer, seller or holder of the\nNotes into account in conducting these activities. Such market making, trading and hedging activity, investment banking and other financial\nservices 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 components of the Reference Index;

interest and yield rates in the market generally;

PS-12

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.

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-13

Information Regarding\nthe UNDERLIER

The Underlier measures the performance of a rolling position in the\nnearest maturing quarterly E-mini^® S&P 500^® futures contracts trading on the Chicago Mercantile Exchange.\nE-mini^® S&P 500^® futures contracts are U.S. dollar-denominated futures contracts based on the S&P\n500^® Index. The S&P 500^® Index consists of stocks of 500 companies selected to provide a performance\nbenchmark for the U.S. equity markets. For more information about the Underlier, see “Indices—The S&P^®\n500 Futures Excess Return Index” in the accompanying underlying supplement.

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.

Historical Performance of the S&P 500^®\nFutures Excess Return Index

$\"\"$

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE\nRESULTS

PS-14

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 at maturity), you should recognize capital\ngain or loss equal to the difference between the amount realized on the sale or exchange and your tax basis in the Notes, which should\nequal the amount you paid to acquire the Notes. This gain or loss on your Notes should be treated as short-term capital gain or loss unless\nyou hold your Notes for more than a year, in which case the gain or loss should be long-term capital gain or loss, whether or not you\nare an initial purchaser of Notes at the original issue price. However, the IRS or a court may not respect this treatment, in which case\nthe timing and character of any income or loss on the Notes could be materially and adversely affected. In addition, in 2007 the U.S.\nTreasury Department and the IRS released a notice requesting comments on the U.S. federal income tax treatment of “prepaid forward\ncontracts” and similar instruments. The notice focuses in particular on whether to require investors in these instruments to accrue\nincome over the term of their investment. It also asks for comments on a number of related topics, including the character of income or\nloss with respect to these instruments; the relevance of factors such as the nature of the underlying property to which the instruments\nare linked; the degree, if any, to which income (including any mandated accruals) realized by non-U.S. investors should be subject to\nwithholding tax; and whether these instruments are or should be subject to the “constructive ownership” regime, which very\ngenerally can operate to recharacterize certain long-term capital gain as ordinary income and impose a notional interest charge. While\nthe 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 possible alternative treatments and the issues presented by 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-15

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-16

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