[{"_1":2,"_3":-5,"_4":-5},"loaderData",{"_5":6,"_7":8},"actionData","errors","root",{"_96":97},"routes/item",{"_9":10},"item",{"_11":12,"_13":14,"_15":16,"_17":18,"_19":20,"_21":-5,"_22":23,"_24":25,"_26":27,"_28":29,"_30":29,"_31":32,"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":-5,"_46":47,"_48":-5,"_49":-5,"_50":51,"_52":53,"_54":55,"_56":57,"_58":57,"_59":60,"_61":40,"_62":63},"id","wqv8q22zlr8eihze7vn5xg46j","revision",2,"title","Barclays Bank PLC 发行挂钩标普500指数的 Trigger PLUS","originalTitle","BARCLAYS BANK PLC (0000312070) (Filer)","summary","Barclays Bank PLC发行挂钩标普500指数、2032年11月3日到期的Trigger PLUS，每份发行价和本金均为1,000美元，不付息、不保本，也不在证券交易所上市。","reason","source",{"_11":86,"_87":88,"_89":90,"_91":57,"_92":93,"_94":95},"links",{"_83":84,"_63":85},"publishedAt","2026-11-03T19:15:15.000Z","discoveredAt","2026-11-03T19:31:30.460Z","timelineAt","category","ai-products","tags",[81,82],"stockSymbols",[80],"score",43,"selected",false,"channel","news","story",{"_72":73,"_15":74},"x","readingMode","full","author","language","body",{"_76":-5,"_63":77,"_78":-5,"_79":40},"outline",[],"relatedStories",[75],"indexable",true,"markdownAvailable","group",{"_64":65,"_43":66,"_67":68,"_69":70,"_71":70},"hasTranslation","bodyLanguage","original","factId","f8p3lJiIsYIo",{"_72":73,"_15":74},"reportCount",1,"additionalSourceCount",0,"developmentCount","publicId","a857fd20-fc16-4e12-a1d9-273e8e19da16","巴克莱发行挂钩标普500指数的Trigger PLUS",{"_72":73,"_15":74},"zh","\n \n \n \n

$\"\"$

October 2026

\n \n

Registration Statement No. 333-287303

\n \n

Pricing Supplement dated October 30, 2026

\n \n

Filed pursuant to Rule 424(b)(2)

STRUCTURED INVESTMENTS

Opportunities in U.S. Equities

Trigger PLUS Based on the Value of the S&P 500^®\nIndex due November 3, 2032

Trigger Performance Leveraged Upside Securities^SM

Principal at Risk Securities

Unlike conventional debt securities, the Trigger Performance Leveraged\nUpside Securities^SM (the “Trigger PLUS”) will pay no interest and do not guarantee the return of the full principal\namount at maturity. Instead, if the final underlier value is greater than the initial underlier value, at maturity investors will receive\nthe stated principal amount plus the leveraged upside performance of the underlier, subject to the maximum payment at maturity. If the\nfinal underlier value is less than or equal to the initial underlier value but greater than or equal to the trigger value, which is equal\nto 85% of the initial underlier value, at maturity investors will receive the stated principal amount. However, if the final underlier\nvalue is less than the trigger value, at maturity investors will lose 1% of the stated principal amount for every 1% that the final underlier\nvalue is less than the initial underlier value. Under these circumstances, the amount investors receive will be less than 85% of the\nstated principal amount and could be zero. The Trigger PLUS are for investors who seek an equity index-based return and who are willing\nand able to risk their principal and forgo current income and upside above the maximum payment at maturity in exchange for the leverage\nfeature, which applies to a limited range of positive performance of the underlier, and the limited protection against loss, which applies\nonly if the final underlier value is greater than or equal to the trigger value. Investors may lose their entire initial investment\nin the Trigger PLUS. The Trigger PLUS are unsecured and unsubordinated debt obligations of Barclays\nBank PLC. Any payment on the Trigger PLUS, including any repayment of principal, is subject to the creditworthiness of Barclays Bank\nPLC and is not guaranteed by any third party. If Barclays Bank PLC were to default on its payment obligations or become subject to the\nexercise of any U.K. Bail-in Power (as described on page 5 of this document) by the relevant\nU.K. resolution authority, you might not receive any amounts owed to you under the Trigger PLUS. See “Risk Factors” and “Consent\nto U.K. Bail-in Power” in this document and “Risk Factors” in the accompanying prospectus 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

FINAL TERMS*
Issuer:	Barclays Bank PLC
Reference asset:	S&P 500^® Index (Bloomberg ticker symbol “SPX<Index>”) (the “underlier”)
Aggregate principal amount:	$4,019,000
Stated principal amount:	$1,000 per Trigger PLUS
Pricing date:	October 30, 2026
Original issue date:	November 4, 2026
Valuation date^†:	October 29, 2032
Maturity date^†:	November 3, 2032
Interest:	None
Payment at maturity:	\n You will receive on the maturity date a cash payment per Trigger\nPLUS determined as follows: \n ·\t \n If\nthe final underlier value is greater than the initial underlier value: \n the lesser of (a) $1,000 + leveraged upside\npayment and (b) maximum payment at maturity \n ·\t \n If\nthe final underlier value is less than or equal to the initial underlier value but greater than or equal to the trigger value: \n $1,000 \n ·\t \n If\nthe final underlier value is less than the trigger value: \n $1,000 × underlier performance factor \n This amount will be less than the stated principal amount of\n$1,000 and will represent a loss of more than 15%, and possibly all, of an investor’s initial investment. Investors may lose\ntheir entire initial investment in the Trigger PLUS. Any payment on the Trigger PLUS, including any repayment of principal, is not guaranteed\nby any third 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\nby the relevant U.K. resolution authority.
U.K. Bail-in Power acknowledgment:	Notwithstanding and to the exclusion of any other term of the Trigger PLUS or any other agreements, arrangements or understandings between Barclays Bank PLC and any holder or beneficial owner of the Trigger PLUS (or the trustee on behalf of the holders of the Trigger PLUS), by acquiring the Trigger PLUS, each holder or beneficial owner of the Trigger PLUS 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.
Maximum payment at maturity:	$1,850.00 per Trigger PLUS (185.00% of the stated principal amount)
Leveraged upside payment:	$1,000 × leverage factor × underlier return
Leverage factor:	140%
Trigger value:	6,443.06, which is 85% of the initial underlier value (rounded to two decimal places)
Underlier return:	(final underlier value – initial underlier value) / initial underlier value
Underlier performance factor:	final underlier value / initial underlier value
	*(terms continued on the next page)*

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

Commissions and initial issue price:

Initial issue price⁽¹⁾

Price to public⁽¹⁾

Agent’s commissions

Proceeds to issuer

Per Trigger PLUS

$1,000

$30.00⁽²⁾

$5.00⁽³⁾

$965.00

Total

$4,019,000

$140,665

$3,878,335

⁽¹⁾

Our estimated value of the Trigger PLUS on the pricing date, based on our internal pricing models, is $950.20 per Trigger PLUS.\nThe estimated value is less than the initial issue price of the Trigger PLUS. See “Additional Information Regarding Our Estimated\nValue of the Trigger PLUS” on 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 $30.00 for each Trigger PLUS 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 $5.00 for each Trigger\nPLUS.

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

Investing in the Trigger PLUS involves risks not associated\nwith an investment in conventional debt securities. See “Risk Factors” beginning on page 12 of this document and beginning\non page S-9 of the prospectus supplement. You should read this document together with the related prospectus, prospectus supplement and\nunderlying supplement, each of which can be accessed via the hyperlinks below, before you make an investment decision.

The Trigger PLUS 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\nhas approved or disapproved of the Trigger PLUS 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 Trigger PLUS.\nIn addition, Barclays Capital Inc. or another of our affiliates may use this document in market resale transactions in any of the Trigger\nPLUS after their initial sale. Unless we or our agent informs you otherwise in the confirmation of sale, this document is being used\nin a market resale transaction.

The Trigger PLUS constitute our unsecured and unsubordinated obligations.\nThe Trigger PLUS 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 \n

Prospectus
\ndated May 15, 2025

Prospectus Supplement
\ndated May 15, 2025

Underlying Supplement
\ndated May 15, 2025

$\"\"$

Trigger PLUS Based on the Value of the S&P 500^® Index due November 3, 2032

Trigger Performance Leveraged Upside Securities^SM

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

\nTerms continued from previous page:
Initial underlier value:	7,580.07, which is the closing level of the underlier on the pricing date
Final underlier value:	The closing level of the underlier on the valuation date
Closing level:	Closing level has the meaning set forth under “Reference Assets—Indices—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:	06749LHM1 / US06749LHM19
Listing:	The Trigger PLUS will not be listed on any securities exchange.
Selected dealer:	Morgan Stanley Wealth Management (“MSWM”)

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

^*	The underlier and the terms of the Trigger PLUS 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—Indices—Market Disruption Events for Securities with an Equity Index as a Reference Asset” and “Terms of the Notes—Payment Dates” in the accompanying prospectus supplement

Barclays Capital Inc.

October 2026

Page 2

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Trigger PLUS Based on the Value of the S&P 500^® Index due November 3, 2032

Trigger Performance Leveraged Upside Securities^SM

Principal at Risk Securities

Additional Terms of the Trigger PLUS

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 Trigger PLUS are a part, and the underlying supplement dated May 15, 2025. This document, together with the documents listed below,\ncontains the terms of the Trigger PLUS and supersedes all prior or contemporaneous oral statements as well as any other written materials\nincluding preliminary or indicative pricing terms, correspondence, trade ideas, structures for implementation, sample structures, brochures\nor other educational materials of ours. You should carefully consider, among other things, the matters set forth under “Risk Factors”\nin the prospectus supplement and “Risk Factors” in this document, as the Trigger PLUS involve risks not associated with conventional\ndebt securities. We urge you to consult your investment, legal, tax, accounting and other advisors before you invest in the Trigger PLUS.

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

Underlying supplement dated May 15, 2025:
\nhttp://www.sec.gov/Archives/edgar/data/312070/000095010325006053/dp228705_424b2-underl.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.

October 2026

Page 3

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Trigger Performance Leveraged Upside Securities^SM

Principal at Risk Securities

Additional Information Regarding Our Estimated Value\nof the Trigger PLUS

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 Trigger PLUS 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 Trigger PLUS on the pricing date is less\nthan the initial issue price of the Trigger PLUS. The difference between the initial issue price of the Trigger PLUS and our estimated\nvalue of the Trigger PLUS results from several factors, including any sales commissions to be paid to Barclays Capital Inc. or another\naffiliate of ours, any selling concessions, discounts, commissions or fees to be allowed or paid to non-affiliated intermediaries, the\nestimated profit that we or any of our affiliates expect to earn in connection with structuring the Trigger PLUS, the estimated cost that\nwe may incur in hedging our obligations under the Trigger PLUS, and estimated development and other costs that we may incur in connection\nwith the Trigger PLUS. These other costs will include a fee paid to LFT Securities, LLC, an entity in which an affiliate of Morgan Stanley\nWealth Management has 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 Trigger PLUS may trade in the secondary market, nor will it be the price at which Barclays Capital Inc. may buy or sell the\nTrigger PLUS 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 Trigger PLUS 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 Trigger PLUS 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 Trigger PLUS\nbecause, in our discretion, we may elect to effectively reimburse to investors a portion of the estimated cost of hedging our obligations\nunder the Trigger PLUS and other costs in connection with the Trigger PLUS that we will no longer expect to incur over the term of the\nTrigger PLUS. We made such discretionary election and determined this temporary reimbursement period on the basis of a number of factors,\nwhich may include the tenor of the Trigger PLUS and/or any agreement we may have with the distributors of the Trigger PLUS. The amount\nof our estimated costs that we effectively reimburse to investors in this way may not be allocated ratably throughout the reimbursement\nperiod, and we may discontinue such reimbursement at any time or revise the duration of the reimbursement period after the initial issue\ndate of the Trigger PLUS based on changes in market conditions and other factors that cannot be predicted.

We urge you to read “Risk Factors” beginning on page\n12 of this document.

October 2026

Page 4

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Trigger Performance Leveraged Upside Securities^SM

Principal at Risk Securities

Consent to U.K. Bail-in Power

Notwithstanding and to the\nexclusion of any other term of the Trigger PLUS or any other agreements, arrangements or understandings between us and any holder or beneficial\nowner of the Trigger PLUS (or the trustee on behalf of the holders of the Trigger PLUS), by acquiring the Trigger PLUS, each holder or\nbeneficial owner of the Trigger PLUS acknowledges, accepts, agrees to be bound by, and consents to the exercise of, any U.K. Bail-in Power\nby the relevant U.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 Trigger PLUS; (ii) the conversion of all,\nor a portion, of the principal amount of, or interest on, or any other amounts payable on, the Trigger PLUS 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\nTrigger PLUS of such shares, securities or obligations); (iii) the cancellation of the Trigger PLUS and/or (iv) the amendment or alteration\nof the maturity of the Trigger PLUS, or the amendment of the amount of interest or any other amounts due on the Trigger PLUS, 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 Trigger PLUS 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 Trigger PLUS further acknowledges and agrees that the rights\nof the holders or beneficial owners of the Trigger PLUS 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 Trigger PLUS 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.

October 2026

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Trigger PLUS Based on the Value of the S&P 500^® Index due November 3, 2032

Trigger Performance Leveraged Upside Securities^SM

Principal at Risk Securities

Investment Summary

Trigger Performance Leveraged Upside Securities^SM

Principal at Risk Securities

The Trigger PLUS Based on the Value of the S&P 500^®\nIndex due November 3, 2032 (the “Trigger PLUS”) can be used:

As an alternative to direct exposure to the underlier that enhances returns for a certain range of positive performance of the underlier

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

To achieve similar levels of upside exposure to the underlier as a direct investment, subject to the maximum payment at maturity,\nwhile using fewer dollars by taking advantage of the leverage factor

To provide limited protection against a loss of principal in the event of a decline of the underlier from the pricing date to the\nvaluation date, but only if the final underlier value is greater than or equal to the trigger value

If the final underlier value is less than the trigger value, the Trigger\nPLUS 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 \n \n \n \n \n \n

Maturity:	Approximately six years
Leverage factor:	140%
Maximum payment at maturity:	$1,850.00 per Trigger PLUS (185.00% of the stated principal amount)
Trigger value:	85% of the initial underlier value
Minimum payment at maturity:	None. Investors may lose their entire initial investment in the Trigger PLUS.
Interest:	None

Key Investment Rationale

The Trigger PLUS are for investors who seek an equity index-based return\nand who are willing and able to risk their principal and forgo current income and upside above the maximum payment at maturity in exchange\nfor the leverage feature, which applies to a limited range of positive performance of the underlier, and the limited protection against\nloss, which applies only if the final underlier value is greater than or equal to the trigger value. Investors may lose their entire\ninitial investment in the Trigger PLUS.

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

Leveraged Performance	The Trigger PLUS offer investors an opportunity to capture enhanced returns for a certain range of positive performance of the underlier relative to a direct investment in the underlier.
Trigger Feature	At maturity, even if the value of the underlier has declined over the term of the Trigger PLUS, investors will receive their stated principal amount, but only if the final underlier value is greater than or equal to the trigger value.
Upside Scenario	The final underlier value is greater than the initial underlier value. In this case, at maturity, the Trigger PLUS pay the stated principal amount of $1,000 plus a positive return equal to 140% of the underlier return, subject to the maximum payment at maturity of $1,850.00 per Trigger PLUS.
Par Scenario	The final underlier value is less than or equal to the initial underlier value but greater than or equal to the trigger value. In this case, at maturity, the Trigger PLUS pay the stated principal amount of $1,000 per Trigger PLUS even though the value of the underlier has declined.
Downside Scenario	The final underlier value is less than the trigger value. In this case, at maturity, the Trigger PLUS pay less than 85% of 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 Trigger PLUS will pay $450.00 per Trigger PLUS, 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 Trigger PLUS. Accordingly, investors could lose their entire investment in the Trigger PLUS.

October 2026

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Trigger Performance Leveraged Upside Securities^SM

Principal at Risk Securities

Selected Purchase Considerations

The Trigger PLUS are not appropriate for all investors. The Trigger\nPLUS 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 anticipate that the final underlier value will be greater than the initial underlier value, and you are willing and able to accept\nthe risk that, if the final underlier value is less than the trigger value, you will lose a significant portion, and possibly all, of\nthe stated principal amount of the Trigger PLUS.

You understand and accept that any potential return on the Trigger PLUS is limited by the maximum payment at maturity.

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\nsecurities composing the underlier, nor will you have any voting rights with respect to the\nsecurities composing 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 Trigger\nPLUS to maturity.

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

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 Trigger PLUS may not be an appropriate investment\nfor you if any of the following statements are true:

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

You seek an investment that 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 the final underlier value is less than the trigger value, you will lose a significant portion, and possibly all, of\nthe stated principal amount of the Trigger PLUS.

You seek an investment with uncapped exposure to any positive performance of the underlier.

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\nsecurities composing 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 Trigger PLUS\nto maturity.

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

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 Trigger PLUS. You should reach a decision whether to invest in the Trigger PLUS after carefully considering, with your\nadvisors, the appropriateness of the Trigger PLUS in light of your investment objectives and the specific information set forth in this\ndocument, the prospectus, the prospectus supplement and the underlying supplement. Neither the issuer nor Barclays Capital Inc. makes\nany recommendation as to the appropriateness of the Trigger PLUS for investment.

October 2026

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Trigger Performance Leveraged Upside Securities^SM

Principal at Risk Securities

How the Trigger PLUS Work

Payoff Diagram

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

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

Stated principal amount:	$1,000 per Trigger PLUS
Leverage factor:	140%
Trigger value:	85% of the initial underlier value
Maximum payment at maturity:	$1,850.00 per Trigger PLUS (185.00% of the stated principal amount)
Minimum payment at maturity:	None. You could lose your entire initial investment in the Trigger PLUS.

\n \n \n \n \n

Trigger PLUS Payoff Diagram

$\"\"$

Scenario Analysis

Upside Scenario. If the final underlier value is greater than the initial underlier value,\nat maturity investors will receive the $1,000 stated principal amount plus 140% of the appreciation of the underlier from the initial\nunderlier value to the final underlier value, subject to the maximum payment at maturity. Under the terms of the Trigger PLUS, investors\nwill realize the maximum payment at maturity at a final underlier value of approximately 160.714% of the initial underlier value.

For example, if the underlier appreciates by 3%, at maturity investors would receive a return of 4.20%, or $1,042.00 per Trigger PLUS.

If the underlier appreciates by 90%, at maturity investors would receive only the maximum payment at maturity of $1,850.00 per Trigger\nPLUS, or 185.00% of the stated principal amount.

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Par Scenario. If the final underlier value is less than or equal to the initial underlier\nvalue but greater than or equal to the trigger value, at maturity investors will receive the stated principal amount of $1,000 per Trigger\nPLUS.

For example, if the underlier depreciates by 5%, at maturity investors would receive the $1,000 stated principal amount per Trigger\nPLUS.

Downside Scenario. If the final underlier value is less than the trigger value, at maturity\ninvestors will receive an amount that is less than 85% of 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 Trigger PLUS.

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

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What Is the Total Return on the Trigger PLUS at\nMaturity, Assuming 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 Trigger PLUS. The “total return” as used in this document is\nthe number, 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 a hypothetical trigger value of 85.00\n(or 85% of the hypothetical initial underlier value) and reflect the leverage factor of 140% and the maximum payment at maturity of $1,850.00\nper Trigger PLUS (185.00% of the stated principal amount). The hypothetical initial underlier value of 100.00 has been chosen for illustrative\npurposes only and does not represent the actual initial underlier value. Please see “S&P 500^® Index Overview”\nbelow for recent actual values of the underlier. The actual initial underlier value and trigger value are set forth on the cover page\nof this document. Each hypothetical payment at maturity or total return set forth below is for illustrative purposes only and may not\nbe the actual payment at maturity or total return applicable to a purchaser of the Trigger PLUS. The numbers appearing in the following\ntable and examples have been rounded for ease of analysis. The table and examples below do not take into account any tax consequences\nfrom investing in the Trigger PLUS.

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \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	Underlier Performance Factor	Payment at Maturity	Total Return on Trigger PLUS
190.00	90.00%	N/A	$1,850.00	85.00%
180.00	80.00%	N/A	$1,850.00	85.00%
170.00	70.00%	N/A	$1,850.00	85.00%
160.72	60.72%	N/A	$1,850.00	85.00%
160.00	60.00%	N/A	$1,840.00	84.00%
150.00	50.00%	N/A	$1,700.00	70.00%
140.00	40.00%	N/A	$1,560.00	56.00%
130.00	30.00%	N/A	$1,420.00	42.00%
120.00	20.00%	N/A	$1,280.00	28.00%
110.00	10.00%	N/A	$1,140.00	14.00%
105.00	5.00%	N/A	$1,070.00	7.00%
100.00	0.00%	N/A	$1,000.00	0.00%
95.00	-5.00%	N/A	$1,000.00	0.00%
90.00	-10.00%	N/A	$1,000.00	0.00%
85.00	-15.00%	N/A	$1,000.00	0.00%
84.99	-15.01%	84.99%	$849.90	-15.01%
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%

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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 the initial underlier\nvalue, the payment at maturity is calculated as follows:

the lesser of (a) $1,000 + leveraged upside payment\nand (b) maximum payment at maturity

= the lesser of (a) $1,000 + ($1,000 × leverage\nfactor × underlier return) and (b) $1,850.00

First, calculate the underlier return:

underlier return = (final underlier value –\ninitial underlier value) / initial underlier value = (190.00 – 100.00) / 100.00 = 90.00%

Next, calculate the leveraged upside payment:

leveraged upside payment = $1,000 × leverage\nfactor × underlier return = ($1,000 × 140% × 90.00%) = $1,260.00

Because $1,000 plus the leveraged upside payment of $1,260.00 is\ngreater than the maximum payment at maturity, the payment at maturity is equal to the maximum payment at maturity of $1,850.00 per Trigger\nPLUS, representing a total return of 85.00% on the Trigger PLUS.

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 the initial underlier\nvalue, the payment at maturity is calculated as follows:

the lesser of (a) $1,000 + leveraged upside payment\nand (b) maximum payment at maturity

= the lesser of (a) $1,000 + ($1,000 × leverage\nfactor × underlier return) and (b) $1,850.00

First, calculate the underlier return:

underlier return = (final underlier value –\ninitial underlier value) / initial underlier value = (105.00 – 100.00) / 100.00 = 5.00%

Next, calculate the leveraged upside payment:

leveraged upside payment = $1,000 × leverage\nfactor × underlier return = ($1,000 × 140% × 5.00%) = $70.00

Because $1,000 plus the leveraged upside payment of $70.00 is less than\nthe maximum payment at maturity, the payment at maturity is equal to $1,070.00 per Trigger PLUS, representing a total return of 7.00%\non the Trigger PLUS.

Example 3: The value of the underlier decreases from the initial\nunderlier value of 100.00 to a final underlier value of 90.00.

Because the final underlier value is less than or equal to the initial\nunderlier value but greater than or equal to the trigger value, the payment at maturity is equal to the stated principal amount of $1,000.00\nper Trigger PLUS.

The total return on the Trigger PLUS is 0.00%.

Example 4: 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 trigger value, the\npayment at maturity is equal to $500.00 per Trigger PLUS, 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 Trigger PLUS is -50.00%.

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Risk Factors

An investment in the Trigger PLUS involves significant risks. We\nurge you to consult your investment, legal, tax, accounting and other advisors before you invest in the Trigger PLUS. Investing in the\nTrigger PLUS is not equivalent to investing directly in the underlier or any of the securities composing the underlier. Some of the risks\nthat apply to an investment in the Trigger PLUS are summarized below, but we urge you to read the more detailed explanation of risks relating\nto the Trigger PLUS generally in the “Risk Factors” section of the prospectus supplement. You should not purchase the Trigger\nPLUS unless you understand and can bear the risks of investing in the Trigger PLUS.

Risks Relating to the Trigger PLUS Generally

The Trigger PLUS do not pay interest or guarantee the return of any principal. The terms of the Trigger PLUS differ from those\nof ordinary debt securities in that the Trigger PLUS do not pay interest or guarantee the return of any of the stated principal amount\nat maturity. Instead, if the final underlier value is less than the trigger value, which is 85% of the initial underlier value, the payment\nat maturity will be an amount in cash that is less than the $1,000 stated principal amount of each Trigger PLUS by a percentage equal\nto the percentage decrease from the initial underlier value to the final underlier value. There is no minimum payment at maturity on the\nTrigger PLUS and, accordingly, you could lose your entire initial investment in the Trigger PLUS.

The appreciation potential of the Trigger PLUS is limited by the maximum payment at maturity. The appreciation potential of\nthe Trigger PLUS is limited by the maximum payment at maturity of $1,850.00 per Trigger PLUS (185.00% of the stated principal amount).\nAlthough the leverage factor provides 140% exposure to any increase in the final underlier value as compared to the initial underlier\nvalue, because the payment at maturity will be limited to 185.00% of the stated principal amount for the Trigger PLUS, any increase in\nthe final underlier value as compared to the initial underlier value by more than approximately 60.714% of the initial underlier value\nwill not further increase the return on the Trigger PLUS.

Any payment on the Trigger PLUS will be determined based on the closing levels of the underlier on the dates specified. Any\npayment on the Trigger PLUS will be determined based on the closing levels of the underlier on the dates specified. You will not benefit\nfrom any more favorable value of the underlier determined at any other time.

Investing in the Trigger PLUS is not equivalent to investing in the underlier or the securities\ncomposing the underlier. Investors in the Trigger PLUS will not have voting rights or\nrights to receive dividends or other distributions or any other rights with respect to the\nsecurities composing the underlier.

The U.S. federal income tax consequences of an investment in the Trigger PLUS are uncertain. There is no direct legal authority\nregarding the proper U.S. federal income tax treatment of the Trigger PLUS, 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 Trigger PLUS are uncertain, and the IRS\nor a court might not agree with the treatment of the Trigger PLUS as prepaid forward contracts, as described below under “Additional\nprovisions—Tax considerations.” If the IRS were successful in asserting an alternative treatment for the Trigger PLUS, the\ntax consequences of the ownership and disposition of the Trigger PLUS could be materially and adversely affected.

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

Risks Relating to the Issuer

Credit of issuer. The Trigger PLUS are unsecured and unsubordinated debt obligations of the issuer, Barclays Bank PLC, and\nare not, either directly or indirectly, an obligation of any third party. Any payment to be made on the Trigger PLUS, 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 Trigger PLUS\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 Trigger PLUS.

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 Trigger PLUS or any other agreements, arrangements or understandings between Barclays Bank\nPLC and any holder or beneficial owner of the Trigger PLUS (or the trustee on behalf of the holders of the Trigger PLUS), by acquiring\nthe Trigger PLUS, each holder or beneficial owner of the Trigger PLUS acknowledges, accepts, agrees to be bound by, and consents to the\nexercise of, any U.K. Bail-in Power by the relevant U.K. resolution authority as set forth under “Consent to U.K. Bail-in Power”\nin this document. Accordingly, any U.K. Bail-in Power may

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be exercised in such a manner as to result\nin you and other holders and beneficial owners of the Trigger PLUS losing all or a part of the value of your investment in the Trigger\nPLUS or receiving a different security from the Trigger PLUS, which may be worth significantly less than the Trigger PLUS and which may\nhave significantly fewer protections than those typically afforded to debt securities. Moreover, the relevant U.K. resolution authority\nmay exercise the U.K. Bail-in Power without providing any advance notice to, or requiring the consent of, the holders and beneficial owners\nof the Trigger PLUS. The exercise of any U.K. Bail-in Power by the relevant U.K. resolution authority with respect to the Trigger PLUS\nwill not be a default or an Event of Default (as each term is defined in the senior debt securities indenture) and the trustee will not\nbe liable for any action that the trustee takes, or abstains from taking, in either case, in accordance with the exercise of the U.K.\nBail-in Power by the relevant U.K. resolution authority with respect to the Trigger PLUS. See “Consent to U.K. Bail-in Power”\nin this document as well as “U.K. Bail-in Power,” “Risk Factors—Risks Relating to the Securities Generally—Regulatory\naction in 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.

Risks Relating to the Underlier

The underlier reflects the price return of the securities composing the underlier, not the total return. The return on the\nTrigger PLUS is based on the performance of the underlier, which reflects changes in the market prices of the securities composing the\nunderlier. The underlier is not a “total return” index that, in addition to reflecting those price returns, would also reflect\ndividends paid on the securities composing the underlier. Accordingly, the return on the Trigger PLUS will not include such a total return\nfeature.

Adjustments to the underlier could adversely affect the value of the Trigger PLUS. The\nsponsor of the underlier may add, delete, substitute or adjust the securities composing the underlier or make other methodological changes\nto the underlier that could affect its performance. The calculation agent will calculate the value to be used as the closing level of\nthe underlier in the event of certain material changes in or modifications to the underlier. In addition, the sponsor of the underlier\nmay also discontinue or suspend calculation or publication of the underlier at any time. Under these circumstances, the calculation agent\nmay select a successor index that the calculation agent determines to be comparable to the underlier or, if no successor index is available,\nthe calculation agent will determine the value to be used as the closing level of the underlier. Any of these actions could adversely\naffect the value of the underlier and, consequently, the value of the Trigger PLUS. See “Reference Assets—Indices—Adjustments\nRelating to Securities with an Index as a Reference Asset” in the accompanying prospectus supplement.

Governmental legislative or regulatory actions, such as sanctions, could adversely affect your investment in the Trigger PLUS.\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 Trigger PLUS or securities included in the underlier, or engaging in transactions\nin them, and any such action could adversely affect the value of the underlier. These legislative or regulatory actions could result in\nrestrictions on the Trigger PLUS. You may lose a significant portion or all of your initial investment in the Trigger PLUS if you are\nforced to divest the Trigger PLUS due to government mandates, especially if such divestment must be made at a time when the value of the\nTrigger PLUS has declined.

We may accelerate the Trigger PLUS if a change-in-law event occurs. Upon the occurrence of legal or regulatory changes that\nmay, among other things, prohibit or otherwise materially restrict persons from holding the Trigger PLUS or the underlier or its components,\nor engaging in transactions in them, the calculation agent may determine that a change-in-law event has occurred and accelerate the maturity\ndate for 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 Trigger PLUS if they were not accelerated. However, if the calculation agent elects not\nto accelerate the Trigger PLUS, the value of, and any amount payable on, the Trigger PLUS could be adversely affected, perhaps significantly,\nby the occurrence of those legal or regulatory changes. See “Terms of the Notes—Change-in-Law Events” in the accompanying\nprospectus supplement.

Risks Relating to Conflicts of Interest

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

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

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In connection with our normal business\nactivities and in connection with hedging our obligations under the Trigger PLUS, 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 or its components. In any such market making, trading and hedging activity,\ninvestment banking and other financial services, we or our affiliates may take positions or take actions that are inconsistent with, or\nadverse to, the investment objectives of the holders of the Trigger PLUS. We and our affiliates have no obligation to take the needs of\nany buyer, seller or holder of the Trigger PLUS into account in conducting these activities. Such market making, trading and hedging activity,\ninvestment banking and other financial services may negatively impact the value of the Trigger PLUS.

In addition, the role played by\nBarclays Capital Inc., as the agent for the Trigger PLUS, could present significant conflicts of interest with the role of Barclays Bank\nPLC, as issuer of the Trigger PLUS. For example, Barclays Capital Inc. or its representatives may derive compensation or financial benefit\nfrom the distribution of the Trigger PLUS and such compensation or financial benefit may serve as an incentive to sell the Trigger PLUS\ninstead of other investments. Furthermore, we and our affiliates establish the offering price of the Trigger PLUS for initial sale to\nthe public, and 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 Trigger PLUS.\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 Trigger PLUS to you. This additional\nprojected profit may create a further incentive for the selected dealer to sell the Trigger PLUS to you.

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

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

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

The market price of the Trigger PLUS will be influenced by many unpredictable factors. Several factors will influence the value\nof the Trigger PLUS in the secondary market and the price at which Barclays Capital Inc. and other affiliates of Barclays Bank PLC may\nbe willing to purchase or sell the Trigger PLUS in the secondary market. Although we expect that generally the value of the underlier\non any day will affect the value of the Trigger PLUS more than any other single factor, other factors that may influence the value of\nthe Trigger PLUS include:

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

dividend rates on the securities composing the underlier;

interest and yield rates in the market;

time remaining until the Trigger PLUS mature;

supply and demand for the Trigger PLUS;

geopolitical conditions and economic, financial, political, regulatory and judicial events that affect the securities composing the\nunderlier and that may affect 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 “S&P 500^®\nIndex Overview” below. You may receive less, and possibly significantly less, than the stated principal amount if you try to sell\nyour Trigger PLUS prior to maturity.

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

The estimated value of your Trigger PLUS 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 Trigger PLUS 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 Trigger PLUS 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 Trigger PLUS on the pricing date is based on\nour 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 Trigger PLUS may not be consistent with those of other financial institutions that may be purchasers or sellers of Trigger PLUS\nin the secondary market. As a result, the secondary market price of your Trigger PLUS may be materially different from the estimated value\nof the Trigger PLUS determined by reference to our internal pricing models.

The estimated value of your Trigger PLUS is not a prediction of the prices at which you may sell your Trigger PLUS in the secondary\nmarket, if any, and such secondary market prices, if any, will likely be lower than the initial issue price of your Trigger PLUS and may\nbe lower than the estimated value of your Trigger PLUS. The estimated value of the Trigger PLUS 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 Trigger PLUS 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 Trigger PLUS 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 our estimated value of the Trigger PLUS. Further,\nas secondary market prices of your Trigger PLUS take into account the levels at which our debt securities trade in the secondary market,\nand do not take into account our various costs related to the Trigger PLUS such as fees, commissions, discounts, and the costs of hedging\nour obligations under the Trigger PLUS, secondary market prices of your Trigger PLUS will likely be lower than the initial issue price\nof your Trigger PLUS. As a result, the price at which Barclays Capital Inc., other affiliates of ours or third parties may be willing\nto purchase the Trigger PLUS from you in secondary market transactions, if any, will likely be lower than the price you paid for your\nTrigger PLUS, and 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 Trigger PLUS 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 Trigger\nPLUS. Assuming that all relevant factors remain constant after the pricing date, the price at which Barclays Capital Inc. may initially\nbuy or sell the Trigger PLUS in the secondary market (if Barclays Capital Inc. makes a market in the Trigger PLUS, which it is not obligated\nto do) and the value that we may initially use for customer account statements, if we provide any customer account statements at all,\nmay exceed our estimated value of the Trigger PLUS on the pricing date, as well as the secondary market value of the Trigger PLUS, for\na temporary period after the initial issue date of the Trigger PLUS. The price at which Barclays Capital Inc. may initially buy or sell\nthe Trigger PLUS in the secondary market and the value that we may initially use for customer account statements may not be indicative\nof future prices of your Trigger PLUS.

October 2026

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Trigger PLUS Based on the Value of the S&P 500^® Index due November 3, 2032

Trigger Performance Leveraged Upside Securities^SM

Principal at Risk Securities

S&P 500^® Index Overview

The underlier consists of stocks of 500 companies selected to provide\na performance benchmark for the U.S. equity markets. For more information about the underlier, see “Indices—The S&P U.S.\nIndices” in the accompanying underlying supplement.

The following graph shows the daily closing levels of the underlier\nfor the period specified below. The closing level of the underlier on October 30, 2026 was 7,580.07. We obtained the closing levels 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 level of the underlier during the term of the Trigger PLUS, including on\nthe valuation date. We cannot give you assurance that the performance of the underlier will not result in a loss on your initial investment.

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

Underlier Historical Performance*
\nJanuary 4, 2021 to October 30, 2026

$\"\"$

* The dotted line indicates the trigger value of 85% of the initial underlier value.

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE\nRESULTS.

October 2026

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Trigger PLUS Based on the Value of the S&P 500^® Index due November 3, 2032

Trigger Performance Leveraged Upside Securities^SM

Principal at Risk Securities

Additional Information about the Trigger PLUS

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 \n \n \n

Additional provisions:
Minimum ticketing size:	$1,000 / 1 Trigger PLUS
Tax considerations:	\n 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 Trigger PLUS. The following discussion\n supersedes 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 Trigger PLUS 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 Trigger PLUS. \n \n Based on current market conditions, in the opinion of our special tax\n counsel, the Trigger PLUS should be treated for U.S. federal income tax purposes as prepaid forward contracts with respect to the underlier.\n Assuming this treatment is respected, upon a sale or exchange of the Trigger PLUS (including redemption at maturity), you should recognize\n capital gain or loss equal to the difference between the amount realized on the sale or exchange and your tax basis in the Trigger PLUS,\n which should equal the amount you paid to acquire the Trigger PLUS. This gain or loss on your Trigger PLUS should be treated as short-term\n capital gain or loss unless you hold your Trigger PLUS 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 Trigger PLUS at the original issue price. However, the IRS or a court may\n not respect this treatment, in which case the timing and character of any income or loss on the Trigger PLUS 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 Trigger\n PLUS, possibly with retroactive effect. You should consult your tax advisor regarding the U.S. federal income tax consequences of an investment\n in the Trigger PLUS, including possible alternative treatments and the issues presented by this notice. \n \n 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 Trigger PLUS do not have a “delta of one” within the meaning of the regulations, our\nspecial tax counsel is of the opinion that these regulations should not apply to the Trigger PLUS with regard to non-U.S. holders. Our\ndetermination is not binding on the IRS, and the IRS may disagree with this determination. Section 871(m) is complex and its application\nmay depend on your particular circumstances, including whether you enter into other transactions with respect to an Underlying Security.\nYou should consult your tax advisor regarding the potential application of Section 871(m) to the Trigger PLUS.
Trustee:	The Bank of New York Mellon

October 2026

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Trigger PLUS Based on the Value of the S&P 500^® Index due November 3, 2032

Trigger Performance Leveraged Upside Securities^SM

Principal at Risk Securities

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

Use of proceeds and hedging:

The net proceeds we receive from the sale of the Trigger PLUS 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 Trigger PLUS through one or more of our subsidiaries.

\n \n

We, through our subsidiaries or others, hedge our anticipated exposure\nin connection with the Trigger PLUS by taking positions in futures and options contracts on the underlier and any other securities or\ninstruments we may wish to use in connection with such hedging. Trading and other transactions by us or our affiliates could affect the\nvalue of the underlier, the market value of the Trigger PLUS or any amounts payable on your Trigger PLUS. For further information on\nour use of proceeds and 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 Trigger PLUS:

In the opinion of Davis Polk & Wardwell LLP, as special United States products counsel to Barclays Bank PLC, when the Trigger PLUS 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 Trigger PLUS (the “master note”), and such Trigger PLUS have been delivered against payment as contemplated herein, such Trigger PLUS 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 Trigger PLUS 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 Trigger PLUS (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 Trigger PLUS. We encourage you to read the accompanying prospectus, prospectus supplement and underlying supplement for this offering,\nwhich can be accessed via 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 Trigger\nPLUS they sell, and Morgan Stanley Wealth Management will receive a structuring fee for each Trigger PLUS, in each case as specified on\nthe cover page of this document.

October 2026

Page 18

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