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$\"\"$

November 2026

Registration Statement No. 333-287303

Pricing Supplement dated November 2, 2026

Filed pursuant to Rule 424(b)(2)

STRUCTURED INVESTMENTS

Opportunities in U.S. Equities

Jump Securities Based on the Value of the Class A Common\nStock of Alphabet Inc. due November 7, 2029

Principal at Risk Securities

Unlike conventional debt securities, the securities will pay no interest\nand do not guarantee the return of the full principal amount at maturity. Instead, if the final underlier value is greater than or equal\nto the initial underlier value, at maturity investors will receive the stated principal amount plus a positive return equal to the fixed\npercentage of 71.85%. However, if the final underlier value is less than the initial underlier value, at maturity investors will lose\n1% of the stated principal amount for every 1% that the final underlier value is less than the initial underlier value. Under these circumstances,\nthe amount investors receive will be less than the stated principal amount and could be zero. The securities are for investors who are\nwilling and able to risk their principal and forgo current income in exchange for the opportunity to receive a return equal to the fixed\npercentage if the final underlier value is greater than or equal to the initial underlier value. Investors may lose their entire initial\ninvestment in the securities. Any positive return on the securities will be limited to the fixed percentage and you will not participate\nin any appreciation in the value of the underlier above the fixed percentage, which may be significant. The securities are unsecured and\nunsubordinated debt obligations of Barclays Bank PLC. Any payment on the securities, including any\nrepayment of principal, is subject to the creditworthiness of Barclays Bank PLC and is not guaranteed by any third party. If Barclays\nBank PLC were to default on its payment obligations or become subject to the exercise of any U.K. Bail-in Power (as described on page\n5 of this document) by the relevant U.K. resolution authority, you might not receive any amounts\nowed to you under the securities. See “Risk Factors” and “Consent to U.K. Bail-in Power” in this document and\n“Risk Factors” in the accompanying prospectus supplement.

FINAL TERMS*
Issuer:	Barclays Bank PLC
Reference asset:	Alphabet Inc. Class A common stock (Bloomberg ticker symbol “GOOGL UW<Equity>”) (the “underlier”)
Aggregate principal amount:	$10,000,000
Stated principal amount:	$1,000 per security
Pricing date:	November 2, 2026
Original issue date:	November 5, 2026
Valuation date^†:	November 2, 2029
Maturity date^†:	November 7, 2029
Interest:	None
Payment at maturity:	\n You will receive on the maturity date a cash payment per security determined\n as follows: \n \n ·\t If\n the final underlier value is greater than or equal to the initial underlier value: \n \n $1,000 + ($1,000 × fixed percentage) \n \n ·\t If\n the final underlier value is less than the initial underlier value: \n \n $1,000 × underlier performance factor \n \n This amount will be less than the stated principal amount of\n$1,000 and could be zero. Investors may lose their entire initial investment in the securities. Any payment on the securities, including\nany repayment of principal, is not guaranteed by any third party and is subject to (a) the creditworthiness of Barclays Bank PLC and\n(b) the risk of exercise of any U.K. Bail-in Power by the relevant U.K. resolution authority.
U.K. Bail-in Power acknowledgment:	Notwithstanding and to the exclusion of any other term of the securities or any other agreements, arrangements or understandings between Barclays Bank PLC and any holder or beneficial owner of the securities (or the trustee on behalf of the holders of the securities), by acquiring the securities, each holder or beneficial owner of the securities 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 5 of this document.
Fixed percentage:	71.85%
Underlier performance factor:	final underlier value / initial underlier value
Initial underlier value:	$278.99, which is the closing price of the underlier on the pricing date
Final underlier value:	The closing price of the underlier on the valuation date
	*(terms continued on the next page)*
Commissions and initial issue price:	Initial issue price⁽¹⁾	Price to public⁽¹⁾	Agent’s commissions	Proceeds to issuer
Per security	$1,000	$1,000	\n $5.00⁽²⁾ \n \n $1.00⁽³⁾	$994.00
Total	$10,000,000	$10,000,000	$60,000	$9,940,000

⁽¹⁾

Our estimated value of the securities on the pricing date, based on our internal pricing models, is $985.40 per security. The estimated\nvalue is less than the initial issue price of the securities. See “Additional Information Regarding Our Estimated Value of the Securities”\non page 4 of this document.

⁽²⁾

Morgan Stanley Wealth Management and its financial advisors will collectively receive from the agent, Barclays Capital Inc., a\nfixed sales commission of $5.00 for each security they sell. See “Supplemental Plan of Distribution” in this document.

⁽³⁾

Reflects a structuring fee payable to Morgan Stanley Wealth Management by the agent or its affiliates of $1.00 for each security.

One or more of our affiliates may purchase up to 15% of the aggregate\nprincipal amount of the securities and hold such securities for investment for a period of at least 30 days. Accordingly, the total principal\namount of the securities may include a portion that was not purchased by investors on the original issue date. Any unsold portion held\nby our affiliate(s) may affect the supply of securities available for secondary trading and, therefore, could adversely affect the price\nof the securities in the secondary market. Circumstances may occur in which our interests or those of our affiliates could be in conflict\nwith your interests.

Investing in the securities involves risks not associated\nwith an investment in conventional debt securities. See “Risk Factors” beginning on page 11 of this document and beginning\non page S-9 of the prospectus supplement. You should read this document together with the related prospectus and prospectus supplement,\neach of which can be accessed via the hyperlinks below, before you make an investment decision.

The securities will not be listed on any U.S. securities exchange\nor quotation system. Neither the U.S. Securities and Exchange Commission (the “SEC”) nor any state securities commission has\napproved or disapproved of the securities or determined that this document is truthful or complete. Any representation to the contrary\nis a criminal offense.

We may use this document in the initial sale of the securities. In\naddition, Barclays Capital Inc. or another of our affiliates may use this document in market resale transactions in any of the securities\nafter their initial sale. Unless we or our agent informs you otherwise in the confirmation of sale, this document is being used in a market\nresale transaction.

The securities constitute our unsecured and unsubordinated obligations.\nThe securities are not deposit liabilities of Barclays Bank PLC and are not covered by the U.K. Financial Services Compensation Scheme\nor insured by the U.S. Federal Deposit Insurance Corporation or any other governmental agency or deposit insurance agency of the United\nStates, the United Kingdom or any other jurisdiction.

\n \n \n \n

Prospectus
\ndated May 15, 2025

Prospectus Supplement
\ndated May 15, 2025

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Jump Securities Based on the Value of the Class A Common\nStock of Alphabet Inc. due November 7, 2029

Principal at Risk Securities

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

\nTerms continued from previous page:
Closing price:	Closing price has the meaning set forth under “Reference Assets—Equity Securities—Special Calculation Provisions” in the prospectus supplement.
Calculation agent:	Barclays Bank PLC
Additional terms:	Terms used in this document, but not defined herein, will have the meanings ascribed to them in the prospectus supplement.
CUSIP / ISIN:	06749LTC0 / US06749LTC09
Listing:	The securities will not be listed on any securities exchange.
Selected dealer:	Morgan Stanley Wealth Management (“MSWM”)

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

*	The underlier and the terms of the securities are subject to adjustment by the calculation agent and the maturity date may be accelerated, in each case under certain circumstances as set forth in the accompanying prospectus supplement. See “Risk Factors—Risks Relating to the Underlier” below.

^†	Subject to postponement in certain circumstances, as described under “Reference Assets—Equity Securities—Market Disruption Events for Securities with an Equity Security as a Reference Asset” and “Terms of the Notes—Payment Dates” in the accompanying prospectus supplement
Barclays Capital Inc.

November 2026

Page 2

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Principal at Risk Securities

Additional Terms of the Securities

You should read this document together with the prospectus dated May\n15, 2025, as supplemented by the prospectus supplement dated May 15, 2025 relating to our Global Medium-Term Notes, Series A, of which\nthe securities are a part. This document, together with the documents listed below, contains the terms of the securities and supersedes\nall prior or contemporaneous oral statements as well as any other written materials including preliminary or indicative pricing terms,\ncorrespondence, trade ideas, structures for implementation, sample structures, brochures or other educational materials of ours. You should\ncarefully consider, among other things, the matters set forth under “Risk Factors” in the prospectus supplement and “Risk\nFactors” in this document, as the securities involve risks not associated with conventional debt securities. We urge you to consult\nyour investment, legal, tax, accounting and other advisors before you invest in the securities.

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

Prospectus supplement dated May 15, 2025:
\nhttp://www.sec.gov/Archives/edgar/data/312070/000095010325006051/dp228678_424b2-prosupp.htm

Our SEC file number is 1-10257 and our Central Index Key, or CIK, on\nthe SEC website is 0000312070. As used in this document, “we,” “us” and “our” refer to Barclays Bank\nPLC.

In connection with this offering, Morgan Stanley Wealth Management is\nacting in its capacity as a selected dealer.

November 2026

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Principal at Risk Securities

Additional Information Regarding Our Estimated Value\nof the Securities

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 pricing date is based on our internal funding rates.\nOur estimated value of the securities 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 securities on the pricing date is less than\nthe initial issue price of the securities. The difference between the initial issue price of the securities and our estimated value of\nthe securities results from several factors, including any sales commissions to be paid to Barclays Capital Inc. or another affiliate\nof ours, any selling concessions, discounts, commissions or fees to be allowed or paid to non-affiliated intermediaries, the estimated\nprofit that we or any of our affiliates expect to earn in connection with structuring the securities, the estimated cost that we may incur\nin hedging our obligations under the securities, and estimated development and other costs that we may incur in connection with the securities.\nThese other costs will include a fee paid to LFT Securities, LLC, an entity in which an affiliate of Morgan Stanley Wealth Management\nhas an ownership interest, for providing certain electronic platform services with respect to this offering.

Our estimated value on the pricing date is not a prediction of the price\nat which the securities may trade in the secondary market, nor will it be the price at which Barclays Capital Inc. may buy or sell the\nsecurities in the secondary market. Subject to normal market and funding conditions, Barclays Capital Inc. or another affiliate of ours\nintends to offer to purchase the securities in the secondary market but it is not obligated to do so.

Assuming that all relevant factors remain constant after the pricing\ndate, the price at which Barclays Capital Inc. may initially buy or sell the securities in the secondary market, if any, and the value\nthat we may initially use for customer account statements, if we provide any customer account statements at all, may exceed our estimated\nvalue on the pricing date for a temporary period expected to be approximately 40 days after the initial issue date of the securities because,\nin our discretion, we may elect to effectively reimburse to investors a portion of the estimated cost of hedging our obligations under\nthe securities and other costs in connection with the securities that we will no longer expect to incur over the term of the securities.\nWe made such discretionary election and determined this temporary reimbursement period on the basis of a number of factors, which may\ninclude the tenor of the securities and/or any agreement we may have with the distributors of the securities. The amount of our estimated\ncosts that we effectively reimburse to investors in this way may not be allocated ratably throughout the reimbursement period, and we\nmay discontinue such reimbursement at any time or revise the duration of the reimbursement period after the initial issue date of the\nsecurities based on changes in market conditions and other factors that cannot be predicted.

We urge you to read “Risk Factors” beginning on page\n11 of this document.

November 2026

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Principal at Risk Securities

Consent to U.K. Bail-in Power

Notwithstanding and to the\nexclusion of any other term of the securities or any other agreements, arrangements or understandings between us and any holder or beneficial\nowner of the securities (or the trustee on behalf of the holders of the securities), by acquiring the securities, each holder or beneficial\nowner of the securities 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 the U.K. Banking Act 2009,\nas amended, the relevant U.K. resolution authority may exercise a U.K. Bail-in Power in circumstances in which the relevant U.K. resolution\nauthority is satisfied that the resolution conditions are met. These conditions include that a U.K. bank or investment firm is failing\nor is likely to fail to satisfy the Financial Services and Markets Act 2000 (the “FSMA”) threshold conditions for authorization\nto carry on certain regulated activities (within the meaning of section 55B FSMA) or, in the case of a U.K. banking group company that\nis a European Economic Area (“EEA”) or third country institution or investment firm, that the relevant EEA or third country\nrelevant authority is satisfied that the resolution conditions are met in respect of that entity.

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

For more information, please see\n“Risk Factors—Risks Relating to the Issuer—You may lose some or all of your investment if any U.K. bail-in power is\nexercised by the relevant U.K. resolution authority” in this document as well as “U.K. Bail-in Power,” “Risk Factors—Risks\nRelating to the Securities Generally—Regulatory action in the event a bank or investment firm in the Group is failing or likely\nto fail, including the exercise by the relevant U.K. resolution authority of a variety of statutory resolution powers, could materially\nadversely 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.

November 2026

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Jump Securities Based on the Value of the Class A Common Stock of Alphabet Inc. due November 7, 2029

Principal at Risk Securities

Investment Summary

Jump Securities

Principal at Risk Securities

The Jump Securities Based on the Value of the Class A Common Stock of\nAlphabet Inc. due November 7, 2029 (the “securities”) can be used:

As an alternative to direct exposure to the underlier that provides for the potential of a fixed positive return if the underlier\nappreciates (or remains flat) in lieu of full participation in any appreciation of the underlier

To enhance returns and potentially outperform the underlier in a moderately bullish scenario

If the final underlier value is less than the initial underlier value,\nthe securities are exposed on a 1:1 basis to the negative performance of the underlier.

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

Maturity:	Approximately three years
Fixed percentage:	71.85%
Minimum payment at maturity:	None. Investors may lose their entire initial investment in the securities.
Interest:	None

Key Investment Rationale

The securities are for investors who are willing and able to risk their\nprincipal and forgo current income in exchange for the opportunity to receive a return equal to the fixed percentage if the final underlier\nvalue is greater than or equal to the initial underlier value. Investors may lose their entire initial investment in the securities.\nAny positive return on the securities will be limited to the fixed percentage and you will not participate in any appreciation in the\nvalue of the underlier above the fixed percentage, which may be significant.

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

Upside Scenario

The final underlier value is greater than or equal to the initial underlier value. In this case, at maturity, the securities pay the stated principal amount of $1,000 plus a positive return equal to the fixed percentage of 71.85%.

Downside Scenario

The final underlier value is less than the initial underlier value. In this case, at maturity, the securities pay less than the stated principal amount and the percentage loss of the stated principal amount will be equal to the percentage decrease from the initial underlier value to the final underlier value. For example, if the final underlier value is 55% less than the initial underlier value, the securities will pay $450.00 per security, or 45% of the stated principal amount, for a loss of 55% of the stated principal amount. There is no minimum payment at maturity on the securities. Accordingly, investors could lose their entire investment in the securities.

November 2026

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Principal at Risk Securities

Selected Purchase Considerations

The securities are not appropriate for all investors. The securities\nmay 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 anticipate that the final underlier value will be greater than or equal to the initial underlier value, and you are willing and\nable to accept the risk that, if the final underlier value is less than the initial underlier value, you will lose some, and possibly\nall, of the stated principal amount of the securities.

You understand and accept that any potential upside return on the securities is limited to the fixed percentage, and you will not\nparticipate in any appreciation in the value of the underlier above the fixed percentage, which may be significant.

You are willing and able to accept the risks associated with an investment linked to the performance of the underlier, as explained\nin more detail in the “Risk Factors” section of this document.

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

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

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 securities may not be an appropriate investment for\nyou 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 provides for the full repayment of principal at maturity.

You anticipate that the final underlier value will be less than the initial underlier value, or you are unwilling or unable to accept\nthe risk that, if it is, you will lose some, and possibly all, of the stated principal amount of the securities.

You seek an investment that provides for participation in any upside performance of the underlier above the fixed percentage.

You are unwilling or unable to accept the risks associated with an investment linked to the performance of the underlier, as explained\nin more detail in the “Risk Factors” section of this document.

You seek an investment that entitles you to dividends or distributions on, or voting rights related to, the\nunderlier.

You seek an investment for which there will be an active secondary market and/or you are unwilling or unable to hold the securities\nto maturity.

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

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 securities. You should reach a decision whether to invest in the securities after carefully considering, with your advisors,\nthe appropriateness of the securities in light of your investment objectives and the specific information set forth in this document,\nthe prospectus and the prospectus supplement. Neither the issuer nor Barclays Capital Inc. makes any recommendation as to the appropriateness\nof the securities for investment.

November 2026

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Principal at Risk Securities

How the Jump Securities Work

Payoff Diagram

The payoff diagram below illustrates the payment at maturity on the\nsecurities based on the following terms:

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

Stated principal amount:	$1,000 per security
Fixed percentage:	71.85%
Minimum payment at maturity:	None. You could lose your entire initial investment in the securities.

\n \n \n \n \n

Jump Securities Payoff Diagram

$\"\"$

Scenario Analysis

Upside Scenario. If the final underlier value is greater than or equal to the initial underlier\nvalue, at maturity investors will receive the $1,000 stated principal amount plus a positive return equal to the fixed percentage\nof 71.85%.

For example, if the underlier appreciates by 5%, at maturity investors would receive a return equal to the fixed percentage of 71.85%,\nor $1,718.50 per security.

If the underlier appreciates by 90%, at maturity investors would receive a return equal to the fixed percentage of 71.85%, or $1,718.50\nper security, even though the underlier has appreciated by more than the fixed percentage.

Downside Scenario. If the final underlier value is less than the initial underlier value,\nat maturity investors will receive an amount that is less than the $1,000 stated principal amount and that will reflect a 1% loss of principal\nfor each 1% decline in the underlier. Investors may lose their entire initial investment in the securities.

For example, if the underlier depreciates by 50%, investors would lose 50% of their principal and receive only $500.00 per security\nat maturity, or 50% of the stated principal amount.

November 2026

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Principal at Risk Securities

What Is the Total Return on the Securities at Maturity,\nAssuming a Range of Performances for the Underlier?

The following table and examples illustrate the hypothetical payment\nat maturity and hypothetical total return at maturity on the securities. The “total return” as used in this document is the\nnumber, expressed as a percentage, that results from comparing the payment at maturity per $1,000 stated principal amount to $1,000.00.\nThe table and examples set forth below assume a hypothetical initial underlier value of $100.00 and reflect the fixed percentage of 71.85%.\nThe hypothetical initial underlier value of $100.00 has been chosen for illustrative purposes only and does not represent the actual initial\nunderlier value. Please see “Alphabet Inc. Overview” below for recent actual values of the underlier. The actual initial underlier\nvalue is set forth on the cover page of this document. Each hypothetical payment at maturity or total return set forth below is for illustrative\npurposes only and may not be the actual payment at maturity or total return applicable to a purchaser of the securities. The numbers appearing\nin the following table and examples have been rounded for ease of analysis. The table and examples below do not take into account any\ntax consequences from investing in the securities.

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

Final Underlier Value	Underlier Appreciation / Depreciation	Underlier Performance Factor	Payment at Maturity	Total Return on Securities
$190.00	90.00%	N/A	$1,718.50	71.85%
$180.00	80.00%	N/A	$1,718.50	71.85%
$171.85	71.85%	N/A	$1,718.50	71.85%
$150.00	50.00%	N/A	$1,718.50	71.85%
$140.00	40.00%	N/A	$1,718.50	71.85%
$130.00	30.00%	N/A	$1,718.50	71.85%
$120.00	20.00%	N/A	$1,718.50	71.85%
$110.00	10.00%	N/A	$1,718.50	71.85%
$105.00	5.00%	N/A	$1,718.50	71.85%
$100.00	0.00%	N/A	$1,718.50	71.85%
$99.99	-0.01%	99.99%	$999.90	-0.01%
$90.00	-10.00%	90.00%	$900.00	-10.00%
$80.00	-20.00%	80.00%	$800.00	-20.00%
$70.00	-30.00%	70.00%	$700.00	-30.00%
$60.00	-40.00%	60.00%	$600.00	-40.00%
$50.00	-50.00%	50.00%	$500.00	-50.00%
$40.00	-60.00%	40.00%	$400.00	-60.00%
$30.00	-70.00%	30.00%	$300.00	-70.00%
$20.00	-80.00%	20.00%	$200.00	-80.00%
$10.00	-90.00%	10.00%	$100.00	-90.00%
$0.00	-100.00%	0.00%	$0.00	-100.00%

Hypothetical Examples of Amount Payable at Maturity

The following examples illustrate how the payment at maturity and total\nreturn in different hypothetical scenarios are calculated.

Example 1: The value of the underlier increases from the initial\nunderlier value of $100.00 to a final underlier value of $190.00.

Because the final underlier value is greater than or equal to the initial\nunderlier value, the payment at maturity is calculated as follows:

$1,000 + ($1,000 × fixed percentage)

= $1,000 + ($1,000 × 71.85%)

= $1,718.50

Because the final underlier value is greater than or equal to the initial\nunderlier value, the payment at maturity is equal to $1,718.50 per security, representing a total return of 71.85% on the securities,\neven though the underlier appreciated by 90.00% from its initial underlier value to its final underlier value.

Example 2: The value of the underlier increases from the initial\nunderlier value of $100.00 to a final underlier value of $105.00.

Because the final underlier value is greater than or equal to the initial\nunderlier value, the payment at maturity is calculated as follows:

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$1,000 + ($1,000 × fixed percentage)

= $1,000 + ($1,000 × 71.85%)

= $1,718.50

Example 3: The value of the underlier decreases from the initial\nunderlier value of $100.00 to a final underlier value of $50.00.

Because the final underlier value is less than the initial underlier\nvalue, the payment at maturity is equal to $500.00 per security, calculated as follows:

$1,000 × underlier performance factor

= $1,000 × (final underlier value / initial\nunderlier value)

= $1,000 × ($50.00 / $100.00) = $500.00

The total return on the securities is -50.00%.

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Risk Factors

An investment in the securities involves significant risks. We urge\nyou to consult your investment, legal, tax, accounting and other advisors before you invest in the securities. Investing in the securities\nis not equivalent to investing directly in the underlier. Some of the risks that apply to an investment in the securities are summarized\nbelow, but we urge you to read the more detailed explanation of risks relating to the securities generally in the “Risk Factors”\nsection of the prospectus supplement. You should not purchase the securities unless you understand and can bear the risks of investing\nin the securities.

Risks Relating to the Securities Generally

The securities do not pay interest or guarantee the return of any principal. The terms of the securities differ from those\nof ordinary debt securities in that the securities do not pay interest or guarantee the return of any of the stated principal amount at\nmaturity. Instead, if the final underlier value is less than the initial underlier value, the payment at maturity will be an amount in\ncash that is less than the $1,000 stated principal amount of each security by a percentage equal to the percentage decrease from the initial\nunderlier value to the final underlier value. There is no minimum payment at maturity on the securities and, accordingly, you could lose\nyour entire initial investment in the securities.

The potential return on the securities is limited to the fixed percentage. Any positive return on your securities will not\nexceed the fixed percentage, regardless of any appreciation in the value of the underlier, which may be significant. If the underlier\nhas appreciated since the pricing date by more than the fixed percentage, you will receive a lower return on the securities than you would\nhave received if you had invested directly in the underlier.

The fixed percentage provides an enhanced return only for a limited range of positive performance of the underlier. The fixed\npercentage enhances returns of the underlier only when the final underlier value is greater than or equal to the initial underlier value\nand the underlier has not appreciated by more than the fixed percentage. Accordingly, if the underlier depreciates or if the underlier\nappreciates by more than the fixed percentage from the pricing date to the valuation date, the fixed percentage will not enhance the return\non the securities as compared to the return of the underlier.

Any payment on the securities will be determined based on the closing prices of the underlier on the dates specified. Any payment\non the securities will be determined based on the closing prices of the underlier on the dates specified. You will not benefit from any\nmore favorable value of the underlier determined at any other time.

Owning the securities is not equivalent to owning the underlier. The return on your securities\nmay not reflect the return you would realize if you actually owned the underlier. As a holder of the securities, you will not have voting\nrights, rights to receive dividends or other distributions or any other rights with respect\nto the underlier.

The U.S. federal income tax consequences of an investment in the securities are uncertain. There is no direct legal authority\nregarding the proper U.S. federal income tax treatment of the securities, 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 securities are uncertain, and the IRS or\na court might not agree with the treatment of the securities as prepaid forward contracts, as described below under “Additional\nprovisions—Tax considerations.” If the IRS were successful in asserting an alternative treatment for the securities, the tax\nconsequences of the ownership and disposition of the securities 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 securities, possibly with retroactive effect.\nYou should 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 securities (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 securities 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 securities, including any repayment\nof principal, is subject to the ability of Barclays Bank PLC to satisfy its obligations as they come due and is not guaranteed by any\nthird party. As a result, the actual and perceived creditworthiness of Barclays Bank PLC may affect the market value of the securities\nand, in the event Barclays Bank PLC were to default on its obligations, you might not receive any amount owed to you under the terms of\nthe securities.

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You may lose some or all of your investment if any U.K. Bail-in Power is exercised by the relevant U.K. resolution authority. Notwithstanding\nand to the exclusion of any other term of the securities or any other agreements, arrangements or understandings between Barclays Bank\nPLC and any holder or beneficial owner of the securities (or the trustee on behalf of the holders of the securities), by acquiring the\nsecurities, each holder or beneficial owner of the securities acknowledges, accepts, agrees to be bound by, and consents to the exercise\nof, any U.K. Bail-in Power by the relevant U.K. resolution authority as set forth under “Consent to U.K. Bail-in Power” in\nthis document. Accordingly, any U.K. Bail-in Power may be exercised in such a manner as to result in you and other holders and beneficial\nowners of the securities losing all or a part of the value of your investment in the securities or receiving a different security from\nthe securities, which may be worth significantly less than the securities and which may have significantly fewer protections than those\ntypically afforded to debt securities. Moreover, the relevant U.K. resolution authority may exercise the U.K. Bail-in Power without providing\nany advance notice to, or requiring the consent of, the holders and beneficial owners of the securities. The exercise of any U.K. Bail-in\nPower by the relevant U.K. resolution authority with respect to the securities will not be a default or an Event of Default (as each term\nis defined in the senior debt securities indenture) and the trustee will not be liable for any action that the trustee takes, or abstains\nfrom taking, in either case, in accordance with the exercise of the U.K. Bail-in Power by the relevant U.K. resolution authority with\nrespect to the securities. See “Consent to U.K. Bail-in Power” in this document 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

No affiliation with the issuer of the underlier. The issuer of the underlier is not an\naffiliate of ours, is not involved with this offering in any way, and has no obligation to consider your interests in taking any corporate\nactions that might affect the value of the securities. We have not made any due diligence inquiry with respect to the issuer of the underlier\nin connection with this offering.

Single equity risk. The price of the underlier can rise or fall sharply due to factors\nspecific to the underlier and its issuer, such as stock price volatility, earnings, financial conditions, corporate, industry and regulatory\ndevelopments, management changes and decisions and other events, as well as general market factors, such as general stock market volatility\nand levels, interest rates and economic and political conditions. We urge you to review financial and other information filed periodically\nwith the SEC by the issuer of the underlier.

Anti-dilution protection is limited, and the calculation agent has discretion to make anti-dilution adjustments. The calculation\nagent may in its sole discretion make adjustments affecting the amounts payable on the securities upon the occurrence of certain corporate\nevents (such as stock splits or extraordinary or special dividends) that the calculation agent determines have a diluting or concentrative\neffect on the theoretical value of the underlier. However, the calculation agent might not make such adjustments\nin response to all events that could affect the underlier. The occurrence of any such event and any adjustment made by the calculation\nagent (or a determination by the calculation agent not to make any adjustment) may adversely affect the market price of, and any amounts\npayable on, the securities. See “Reference Assets—Equity Securities—Share Adjustments Relating to Securities with an\nEquity Security as a Reference Asset” in the accompanying prospectus supplement.

Reorganization or other events could adversely affect the value of the securities or result in the securities being accelerated.\nUpon the occurrence of certain reorganization events or a nationalization, expropriation, liquidation, bankruptcy, insolvency or de-listing\nof the underlier, the calculation agent may replace the underlier with shares of another company identified as described in the prospectus\nsupplement or, in some cases, with shares, cash or other assets distributed to holders of the underlier upon the occurrence of that event.\nIn the alternative, the calculation agent may accelerate the maturity date for a payment determined by the calculation agent or may make\nother changes to the terms of the securities to account for the occurrence of that event. Any decision by the calculation agent to replace\nthe underlier, to accelerate the securities or to otherwise adjust the terms of the securities could adversely affect the value of, and\nany amount payable on, the securities, perhaps significantly, and could result in a significantly lower return on the securities than\nif the calculation agent had made a different decision. See “Reference Assets—Equity Securities—Share Adjustments Relating\nto Securities with an Equity Security as a Reference Asset” in the accompanying prospectus supplement.

Governmental legislative or regulatory actions, such as sanctions, could adversely affect your investment in the securities.\nGovernmental legislative or regulatory actions, including, without limitation, sanctions-related actions by the U.S. or a foreign government,\ncould prohibit or otherwise restrict persons from holding the securities or the underlier, or engaging in transactions in them, and any\nsuch action could adversely affect the value of the underlier. These legislative or regulatory actions could result in restrictions on\nthe securities or the de-listing of the underlier. You may lose a significant portion or all of your initial investment in the securities\nif the underlier is de-listed or if you are forced to divest the securities due to government mandates, especially if such de-listing\noccurs or such divestment must be made at a time when the value of the securities has declined. See

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“—Reorganization or other events\ncould adversely affect the value of the securities or result in the securities being accelerated” above.

We may accelerate the securities 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 securities or the underlier, or engaging in transactions\nin them, the calculation agent may determine that a change-in-law event has occurred and accelerate the maturity date for a payment determined\nby the calculation agent in its sole discretion. Any amount payable upon acceleration could be significantly less than any amount that\nwould be due on the securities if they were not accelerated. However, if the calculation agent elects not to accelerate the securities,\nthe value of, and any amount payable on, the securities could be adversely affected, perhaps significantly, by the occurrence of those\nlegal or regulatory changes. See “Terms of the Notes—Change-in-Law Events” in the accompanying prospectus supplement.

Risks Relating to Conflicts of Interest

We may engage in business with or involving the issuer of the underlier without regard to your interests. We or our affiliates\nmay presently or from time to time engage in business with the issuer of the underlier without regard to your interests and thus may acquire\nnon-public information about the issuer of the underlier. Neither we nor any of our affiliates undertakes to disclose any such information\nto you. In addition, we or our affiliates from time to time have published and in the future may publish research reports with respect\nto the issuer of the underlier, which may or may not recommend that investors buy or hold the underlier.

Hedging and trading activity by the issuer and its affiliates could potentially adversely affect the value of the securities.\nHedging or trading activities of the issuer’s affiliates and of any other hedging counterparty with respect to the securities could\nadversely affect the value of the underlier and, as a result, could decrease the amount an investor may receive on the securities at maturity.\nAny of these hedging or trading activities on or prior to the pricing date could have increased the initial underlier value, which is\nthe value at or above which the underlier must close on the valuation date so that the investor does not suffer a loss on their initial\ninvestment in the securities. Additionally, such hedging or trading activities during the term of the securities, including on the valuation\ndate, could potentially affect the value of the underlier on the valuation date and, accordingly, the amount of cash an investor will\nreceive at maturity, if any.

We and our affiliates, and any dealer participating in the distribution of the securities, may engage in various activities or\nmake determinations that could materially affect your securities in various ways and create conflicts of interest. We and our affiliates\nplay a variety of roles in connection with the issuance of the securities, as described below. In performing these roles, our and our\naffiliates’ economic interests are potentially adverse to your interests as an investor in the securities.

In connection with our normal business\nactivities and in connection with hedging our obligations under the securities, we and our affiliates make markets in and trade various\nfinancial instruments or products for our accounts and for the account of our clients and otherwise provide investment banking and other\nfinancial services with respect to these financial instruments and products. These financial instruments and products may include securities,\nderivative instruments or assets that may relate to the underlier. In any such market making, trading and hedging activity, investment\nbanking and other financial services, we or our affiliates may take positions or take actions that are inconsistent with, or adverse to,\nthe investment objectives of the holders of the securities. We and our affiliates have no obligation to take the needs of any buyer, seller\nor holder of the securities 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 securities.

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

Furthermore, the selected dealer\nor its affiliates will have the option to conduct a material portion of the hedging activities for us in connection with the securities.\nThe selected dealer or its affiliates would expect to realize a projected profit from such hedging activities, and this projected profit\nwould be in addition to any selling concession that the selected dealer realizes for the sale of the securities to you. This additional\nprojected profit may create a further incentive for the selected dealer to sell the securities to you.

In addition to the activities described\nabove, we will also act as the calculation agent for the securities. As calculation agent, we will determine any values of the underlier\nand make any other determinations necessary to calculate any payments on the securities. 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 securities, and any of these determinations may adversely affect any payments on the securities.

Risks Relating to\nthe Estimated Value of the Securities and the Secondary Market

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The securities will not be listed on any securities exchange, and secondary trading may be limited. Barclays Capital Inc. and\nother affiliates of Barclays Bank PLC intend to offer to purchase the securities in the secondary market but are not required to do so\nand may cease any such market making activities at any time, without notice. Even if a secondary market develops, it may not provide enough\nliquidity to allow you to trade or sell the securities easily. Because other dealers are not likely to make a secondary market for the\nsecurities, the price, if any, at which you may be able to trade your securities is likely to depend on the price, if any, at which Barclays\nCapital Inc. and other affiliates of Barclays Bank PLC are willing to buy the securities. In addition, Barclays Capital Inc. or one or\nmore of our other affiliates may at any time hold an unsold portion of the securities (as described on the cover page of this document),\nwhich may inhibit the development of a secondary market for the securities. The securities are not designed to be short-term trading instruments.\nAccordingly, you should be willing and able to hold your securities to maturity.

The market price of the securities will be influenced by many unpredictable factors. Several factors will influence the value\nof the securities in the secondary market and the price at which Barclays Capital Inc. and other affiliates of Barclays Bank PLC may be\nwilling to purchase or sell the securities in the secondary market. Although we expect that generally the value of the underlier on any\nday will affect the value of the securities more than any other single factor, other factors that may influence the value of the securities\ninclude:

the volatility (frequency and magnitude of changes in value) of the underlier;

dividend rates on the underlier;

interest and yield rates in the market;

time remaining until the securities mature;

supply and demand for the securities;

geopolitical conditions and economic, financial, political, regulatory and judicial events that affect the underlier and that may\naffect the final underlier value; and

any actual or anticipated changes in our credit ratings or credit spreads.

The value of the underlier may be,\nand has recently been, volatile, and we can give you no assurance that the volatility will lessen. See “Alphabet Inc. Overview”\nbelow. You may receive less, and possibly significantly less, than the stated principal amount if you try to sell your securities prior\nto maturity.

The estimated value of your securities is lower than the initial issue price of your securities. The estimated value of your\nsecurities on the pricing date is lower than the initial issue price of your securities. The difference between the initial issue price\nof your securities and the estimated value of the securities is a result of certain factors, such as any sales commissions to be paid\nto Barclays Capital Inc. or another affiliate of ours, any selling concessions, discounts, commissions or fees to be allowed or paid to\nnon-affiliated intermediaries, the estimated profit that we or any of our affiliates expect to earn in connection with structuring the\nsecurities, the estimated cost that we may incur in hedging our obligations under the securities, and estimated development and other\ncosts that we may incur in connection with the securities. These other costs will include a fee paid to LFT Securities, LLC, an entity\nin which an affiliate of Morgan Stanley Wealth Management has an ownership interest, for providing certain electronic platform services\nwith respect to this offering.

The estimated value of your securities 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 securities on the pricing date is based on a number of variables, including\nour internal funding rates. Our internal funding rates may vary from the levels at which our benchmark debt securities trade in the secondary\nmarket. As a result of this difference, the estimated value referenced above might be lower if such estimated value were based on the\nlevels at which our benchmark debt securities trade in the secondary market.

The estimated value of the securities 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 securities on the pricing date is based on our\ninternal pricing models, which take into account a number of variables and are based on a number of subjective assumptions, which may\nor may not materialize. These variables and assumptions are not evaluated or verified on an independent basis. Further, our pricing models\nmay be different from other financial institutions’ pricing models and the methodologies used by us to estimate the value of the\nsecurities may not be consistent with those of other financial institutions that may be purchasers or sellers of securities in the secondary\nmarket. As a result, the secondary market price of your securities may be materially different from the estimated value of the securities\ndetermined by reference to our internal pricing models.

The estimated value of your securities is not a prediction of the prices at which you may sell your securities in the secondary\nmarket, if any, and such secondary market prices, if any, will likely be lower than the initial issue price of your securities and may\nbe lower than the estimated value of your securities. The estimated value of the securities will not be a prediction of the prices\nat which Barclays Capital Inc., other affiliates of ours or third parties may be willing to purchase the securities from you in secondary\nmarket transactions (if they are willing to purchase, which they are not obligated to do). The price at which you may be able to sell\nyour securities in the secondary market at any time will be influenced by many factors that cannot be predicted, such as market conditions,\nand any bid and ask spread for similar sized trades, and may be substantially less than

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our estimated value of the securities.\nFurther, as secondary market prices of your securities take into account the levels at which our debt securities trade in the secondary\nmarket, and do not take into account our various costs related to the securities such as fees, commissions, discounts, and the costs of\nhedging our obligations under the securities, secondary market prices of your securities will likely be lower than the initial issue price\nof your securities. As a result, the price at which Barclays Capital Inc., other affiliates of ours or third parties may be willing to\npurchase the securities from you in secondary market transactions, if any, will likely be lower than the price you paid for your securities,\nand any sale prior to the maturity date could result in a substantial loss to you.

The temporary price at which we may initially buy the securities in the secondary market and the value we may initially use for\ncustomer account statements, if we provide any customer account statements at all, may not be indicative of future prices of your securities.\nAssuming that all relevant factors remain constant after the pricing date, the price at which Barclays Capital Inc. may initially buy\nor sell the securities in the secondary market (if Barclays Capital Inc. makes a market in the securities, which it is not obligated to\ndo) and the value that we may initially use for customer account statements, if we provide any customer account statements at all, may\nexceed our estimated value of the securities on the pricing date, as well as the secondary market value of the securities, for a temporary\nperiod after the initial issue date of the securities. The price at which Barclays Capital Inc. may initially buy or sell the securities\nin the secondary market and the value that we may initially use for customer account statements may not be indicative of future prices\nof your securities.

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Alphabet Inc. Overview

According to publicly available information, Alphabet Inc. (the “Company”)\nis a collection of businesses, the largest of which is Google, which (i) offers products and platforms through which it generates revenues\nprimarily by delivering both performance advertising and brand advertising and (ii) provides cloud services to businesses.

Information filed by the Company with the SEC under the Securities Exchange\nAct of 1934, as amended (the “Exchange Act”), can be located by reference to its SEC file number: 001-37580. The Company’s\nClass A common stock is listed on The Nasdaq Stock Market under the ticker symbol “GOOGL.”

We urge you to read the following section in the accompanying prospectus\nsupplement: “Reference Assets—Equity Securities—Reference Asset Issuer and Reference Asset Information.” Companies\nwith securities registered under the Exchange Act are required to file financial and other information specified by the SEC periodically.\nInformation provided to or filed with the SEC by the Company can be located on a website maintained by the SEC at http://www.sec.gov by\nreference to the Company’s SEC file number provided above.

The summary information above regarding the Company comes from the Company’s\nSEC filings. You are urged to refer to the SEC filings made by the Company and to other publicly available information (such as the Company’s\nannual report) to obtain an understanding of the Company’s business and financial prospects. The summary information contained above\nis not designed to be, and should not be interpreted as, an effort to present information regarding the financial prospects of any issuer\nor any trends, events or other factors that may have a positive or negative influence on those prospects or as an endorsement of any particular\nissuer.

Information from outside sources is not incorporated by reference\nin, and should not be considered part of, this document or the accompanying prospectus or prospectus supplement. We have not independently\nverified the accuracy or completeness of the information contained in outside sources.

The following graph shows the daily closing prices of the underlier\nfor the period specified below. The closing price of the underlier on November 2, 2026 was $278.99. We obtained the closing prices of\nthe underlier from Bloomberg Professional^® service, without independent verification. Historical performance of the underlier\nshould not be taken as an indication of future performance. Future performance of the underlier may differ significantly from historical\nperformance, and no assurance can be given as to the closing price of the underlier during the term of the securities, including on the\nvaluation date. We cannot give you assurance that the performance of the underlier will not result in a loss on your initial investment.\nThe closing prices below may reflect adjustments in response to certain corporate actions, such as stock splits, public offerings,\nmergers and acquisitions, spin-offs, extraordinary dividends, delistings and bankruptcy.

\n \n \n \n \n

Underlier Historical Performance
\nJanuary 4, 2021 to November 2, 2026

$\"\"$

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE\nRESULTS.

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Additional Information about the Securities

Please read this information in conjunction with the terms on the cover\npage of this document.

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

Additional provisions:

Minimum ticketing size:

$1,000 / 1 security

Tax considerations:

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

\n \n

As discussed in the section entitled “Material U.S. Federal Income\n Tax 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 security relates is a U.S. real property holding corporation (“USRPHC”) or a passive\n foreign investment company (“PFIC”). If any such issuer were so treated, certain adverse U.S. federal income tax consequences\n might apply, 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\n regarding these issues, including the effect any circumstances specific to you may have on the U.S. federal income tax consequences of\n your ownership of a security.

\n \n

Based on current market conditions, in the opinion of our special tax\n counsel, it is reasonable to treat the securities for U.S. federal income tax purposes as prepaid forward contracts with respect to the\n underlier. Assuming this treatment is respected, upon a sale or exchange of the securities (including redemption at maturity), you should\n recognize capital gain or loss equal to the difference between the amount realized on the sale or exchange and your tax basis in the securities,\n which should equal the amount you paid to acquire the securities. This gain or loss on your securities should be treated as short-term\n capital gain or loss unless you hold your securities for more than a year, in which case the gain or loss should be long-term capital\n gain or loss, whether or not you are an initial purchaser of securities at the original issue price. However, the IRS or a court may not\n respect this treatment, in which case the timing and character of any income or loss on the securities could be materially and adversely\n affected. In addition, in 2007 the U.S. Treasury Department and the IRS released a notice requesting comments on the U.S. federal income\n tax treatment of “prepaid forward contracts” and similar instruments. The notice focuses in particular on whether to require\n investors in these instruments to accrue income over the term of their investment. It also asks for comments on a number of related topics,\n including the character of income or loss with respect to these instruments; the relevance of factors such as the nature of the underlying\n property to which the instruments are linked; the degree, if any, to which income (including any mandated accruals) realized by non-U.S.\n investors should be subject to withholding tax; and whether these instruments are or should be subject to the “constructive ownership”\n regime, which very generally can operate to recharacterize certain long-term capital gain as ordinary income and impose a notional interest\n charge. While the notice requests comments on appropriate transition rules and effective dates, any Treasury regulations or other guidance\n promulgated after consideration of these issues could materially and adversely affect the tax consequences of an investment in the securities,\n possibly with retroactive effect. You should consult your tax advisor regarding the U.S. federal income tax consequences of an investment\n in the securities, including possible alternative treatments and the issues presented by this notice.

\n \n

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

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Jump Securities Based on the Value of the Class A Common Stock of Alphabet Inc. due November 7, 2029

Principal at Risk Securities

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

Trustee:	The Bank of New York Mellon
Use of proceeds and hedging:	\n The net proceeds we receive from the sale of the securities will be\n used for various corporate purposes as set forth in the prospectus and prospectus supplement and, in part, in connection with hedging\n our obligations under the securities through one or more of our subsidiaries. \n \n We, through our subsidiaries or others, hedge our anticipated exposure\nin connection with the securities by taking positions in futures and options contracts on the underlier and any other securities or instruments\nwe may wish to use in connection with such hedging. Trading and other transactions by us or our affiliates could affect the value of\nthe underlier, the market value of the securities or any amounts payable on your securities. For further information on our use of proceeds\nand hedging, see “Use of Proceeds and Hedging” in the prospectus supplement.
ERISA:	See “Benefit Plan Investor Considerations” in the accompanying prospectus supplement.
Validity of the securities:	In the opinion of Davis Polk & Wardwell LLP, as special United States products counsel to Barclays Bank PLC, when the securities offered by this pricing supplement have been issued by Barclays Bank PLC pursuant to the indenture, the trustee has made, in accordance with instructions from Barclays Bank PLC, appropriate entries or notations in its records relating to the master global note that represents such securities (the “master note”), and such securities have been delivered against payment as contemplated herein, such securities will be valid and binding obligations of Barclays Bank PLC, enforceable in accordance with their terms, subject to applicable bankruptcy, insolvency and similar laws affecting creditors’ rights generally, concepts of reasonableness and equitable principles of general applicability (including, without limitation, concepts of good faith, fair dealing and the lack of bad faith) and possible judicial or regulatory actions or application giving effect to governmental actions or foreign laws affecting creditors’ rights, provided that such counsel expresses no opinion as to (i) the effect of fraudulent conveyance, fraudulent transfer or similar provision of applicable law on the conclusions expressed above or (ii) the validity, legally binding effect or enforceability of any provision that permits holders to collect any portion of the stated principal amount upon acceleration of the securities to the extent determined to constitute unearned interest. This opinion is given as of the date hereof and is limited to the laws of the State of New York, except that such counsel expresses no opinion as to (i) any law, rule or regulation that is applicable to Barclays Bank PLC, the indenture or the securities (together with the indenture, the “Documents”) or such transactions solely because 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 due to the specific assets or business of such party or such affiliate or (ii) any law, rule or regulation relating to national security. Insofar as this opinion involves matters governed by English law, Davis Polk & Wardwell LLP has relied, with Barclays Bank PLC’s permission, on the opinion of Davis Polk & Wardwell London LLP, dated as of June 11, 2026, filed as an exhibit to a report on Form 6-K by Barclays Bank PLC on June 11, 2026, and this opinion is subject to the same assumptions, qualifications and limitations as set forth in such opinion of Davis Polk & Wardwell London LLP. In addition, this opinion is subject to customary assumptions about the trustee’s authorization, execution and delivery of the indenture and its authentication of the master note and the validity, binding nature and enforceability of the indenture with respect to the trustee, all as stated in the opinion of Davis Polk & Wardwell LLP, dated June 11, 2026, which has been filed as an exhibit to the report on Form 6-K referred to above.

This document represents a summary of the terms and conditions of\nthe securities. We encourage you to read the accompanying prospectus and prospectus supplement for this offering, which can be accessed\nvia the hyperlinks on the cover page of this document.

Supplemental Plan of Distribution

Morgan Stanley Smith Barney LLC (“Morgan Stanley Wealth Management”)\nand its financial advisors will collectively receive from the agent, Barclays Capital Inc., a fixed sales commission for each security\nthey sell, and Morgan Stanley Wealth Management will receive a structuring fee for each security, in each case as specified on the cover\npage of this document.

November 2026

Page 18

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