[{"_1":2,"_3":-5,"_4":-5},"loaderData",{"_5":6,"_7":8},"actionData","errors","root",{"_95":96},"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","bboavc6ucfpfoaq9lb2xsy28v","revision",4,"title","Barclays Bank PLC 发行挂钩 Palantir 股票的自动赎回结构性证券","originalTitle","BARCLAYS BANK PLC (0000312070) (Filer)","summary","Barclays Bank PLC发行总额1,067.9万美元、挂钩 Palantir Technologies A类普通股的结构性证券，每份本金1,000美元，2028年10月4日到期。","reason","source",{"_11":85,"_86":87,"_88":89,"_90":57,"_91":92,"_93":94},"links",{"_82":83,"_63":84},"publishedAt","2026-10-02T19:11:22.000Z","discoveredAt","2026-10-02T19:48:39.265Z","timelineAt","category","ai-products","tags",[80,81],"stockSymbols",[],"score",27,"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","frZ8KmA_WHy4",{"_72":73,"_15":74},"reportCount",1,"additionalSourceCount",0,"developmentCount","publicId","4bac630f-8dbd-4f04-9bf4-8f9c15d1b538","巴克莱密集发行多类市场挂钩结构性证券",{"_72":73,"_15":74},"zh","\n \n \n \n

$\"\"$

September 2026

Registration Statement No. 333-287303

Pricing Supplement dated September 30, 2026

Filed pursuant to Rule 424(b)(2)

STRUCTURED INVESTMENTS

Opportunities in U.S. Equities

Auto-Callable Dual Directional\nTrigger PLUS Based on the Value of the Class A Common Stock of Palantir Technologies Inc. due October 4, 2028

Auto-Callable Dual Directional Trigger Performance Leveraged\nUpside Securities^SM

Principal at Risk Securities

Unlike conventional debt securities, the Auto-Callable Dual Directional\nTrigger Performance Leveraged Upside Securities^SM (the “Auto-Callable Trigger PLUS”) will pay no interest and do\nnot guarantee the return of the full principal amount at maturity. Instead, if the closing price of the underlier on the call observation\ndate is greater than or equal to the initial underlier value, the Auto-Callable Trigger PLUS will be automatically redeemed for a cash\npayment of $1,325.00 per Auto-Callable Trigger PLUS, or 132.50% of the stated principal amount. If the Auto-Callable Trigger PLUS are\nnot redeemed prior to maturity and 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. If the Auto-Callable Trigger PLUS are not redeemed\nprior to maturity and the final underlier value is less than or equal to the initial underlier value but greater than or equal to the\ntrigger value, which is equal to 65% of the initial underlier value, at maturity investors will receive the stated principal amount plus\nan unleveraged positive return equal to the absolute value of the percentage decline of the underlier from the initial underlier value.\nBecause the trigger value is 35% less than the initial underlier value, any positive return in the event that the final underlier value\nis less than the initial underlier value is limited to 35%. However, if the Auto-Callable Trigger PLUS are not redeemed prior to maturity\nand the final underlier value is less than the trigger value, at maturity investors will lose 1% of the stated principal amount for every\n1% that the final underlier value is less than the initial underlier value. Under these circumstances, the amount investors receive will\nbe less than 65% of the stated principal amount and could be zero. The Auto-Callable Trigger PLUS are for investors who seek an equity-based\nreturn and who are willing and able to risk their principal and forgo current income in exchange for the upside leverage feature, which\napplies only if the final underlier value is greater than the initial underlier value, and the absolute value return feature, which applies\nonly if the final underlier value is less than the initial underlier value and greater than or equal to the trigger value, in each case\nsubject to automatic early redemption. Investors may lose their entire initial investment in the Auto-Callable Trigger PLUS. The Auto-Callable\nTrigger PLUS are unsecured and unsubordinated debt obligations of Barclays Bank PLC. Any payment\non the Auto-Callable Trigger PLUS, including any repayment of principal, is subject to the creditworthiness of Barclays Bank PLC and is\nnot guaranteed by any third party. If Barclays Bank PLC were to default on its payment obligations or become subject to the exercise of\nany U.K. Bail-in Power (as described on page 5 of this document) by the relevant U.K. resolution\nauthority, you might not receive any amounts owed to you under the Auto-Callable Trigger PLUS. See “Risk Factors” and “Consent\nto U.K. Bail-in Power” in this document and “Risk Factors” in the accompanying prospectus supplement.

FINAL TERMS*
Issuer:	Barclays Bank PLC
Reference asset:	Palantir Technologies Inc. Class A common stock (Bloomberg ticker symbol “PLTR UW<Equity>”) (the “underlier”)
Aggregate principal amount:	$10,679,000
Stated principal amount:	$1,000 per Auto-Callable Trigger PLUS
Pricing date:	September 30, 2026
Original issue date:	October 5, 2026
Call observation date^†:	October 7, 2027
Call settlement date^†:	October 13, 2027
Valuation date^†:	September 29, 2028
Maturity date^†:	October 4, 2028
Interest:	None
Automatic early redemption:	If, on the call observation date, the closing price of the underlier is greater than or equal to the initial underlier value, the Auto-Callable Trigger PLUS will be automatically redeemed for the early redemption payment on the call settlement date. No further payments will be made on the Auto-Callable Trigger PLUS after they have been redeemed.
Early redemption payment:	$1,325.00 per Auto-Callable Trigger PLUS (132.50% of the stated principal amount)
Payment at maturity:	\n If the Auto-Callable Trigger PLUS are not redeemed prior to maturity,\n you will receive on the maturity date a cash payment per Auto-Callable Trigger PLUS determined as follows: \n \n ·\t If\n the final underlier value is greater than the initial underlier value: \n \n $1,000 + leveraged upside payment \n \n ·\t If\n the final underlier value is less than or equal to the initial underlier value but greater than or equal to the trigger\n value: \n \n $1,000 + ($1,000 × absolute value return) \n \n In this scenario, you will receive a positive 1% return on the Auto-Callable\n Trigger PLUS for each 1% decrease of the underlier. In no event will this amount exceed the stated principal amount plus $350.00. \n \n ·\t If\n the final underlier value is less than the trigger value: \n \n $1,000 × underlier performance factor \n \n This amount will be less than the stated principal amount of $1,000\n and will represent a loss of more than 35%, and possibly all, of an investor’s initial investment. Investors may lose their entire\n initial investment in the Auto-Callable Trigger PLUS. Any payment on the Auto-Callable Trigger PLUS, including any repayment of principal,\n is not guaranteed by any third party and is subject to (a) the creditworthiness of Barclays Bank PLC and (b) the risk of exercise of any\n U.K. Bail-in Power by the relevant U.K. resolution authority. \n
U.K. Bail-in Power acknowledgment:	Notwithstanding and to the exclusion of any other term of the Auto-Callable Trigger PLUS or any other agreements, arrangements or understandings between Barclays Bank PLC and any holder or beneficial owner of the Auto-Callable Trigger PLUS (or the trustee on behalf of the holders of the Auto-Callable Trigger PLUS), by acquiring the Auto-Callable Trigger PLUS, each holder or beneficial owner of the Auto-Callable 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.
Leveraged upside payment:	$1,000 × upside leverage factor × underlier return
Upside leverage factor:	150%. The upside leverage factor applies only if the Auto-Callable Trigger PLUS are not redeemed and the final underlier value is greater than the initial underlier value.
Trigger value:	$121.58, which is 65% of the initial underlier value (rounded to two decimal places)
Underlier return:	(final underlier value – initial underlier value) / initial underlier value
Absolute value return:	The absolute value of the underlier return. For example, a -5% underlier return will result in a +5% absolute value return.
Underlier performance factor:	final underlier value / initial underlier value
	*(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 Auto-Callable Trigger PLUS	$1,000	$1,000	\n $20.00⁽²⁾ \n $5.00⁽³⁾	$975.00
Total	$10,679,000	$10,679,000	$266,975	$10,412,025

⁽¹⁾

Our estimated value of the Auto-Callable Trigger PLUS on the pricing date, based on our internal pricing models, is $961.40 per\nAuto-Callable Trigger PLUS. The estimated value is less than the initial issue price of the Auto-Callable Trigger PLUS. See “Additional\nInformation Regarding Our Estimated Value of the Auto-Callable 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 $20.00 for each Auto-Callable Trigger PLUS they sell. See “Supplemental Plan of Distribution” in\nthis document.

⁽³⁾

Reflects a structuring fee payable to Morgan Stanley Wealth Management by the agent or its affiliates of $5.00 for each Auto-Callable\nTrigger PLUS.

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

Investing in the Auto-Callable Trigger PLUS involves\nrisks not associated with an investment in conventional debt securities. See “Risk Factors” beginning on page 15 of this document\nand beginning on page S-9 of the prospectus supplement. You should read this document together with the related prospectus and prospectus\nsupplement, each of which can be accessed via the hyperlinks below, before you make an investment decision.

The Auto-Callable Trigger PLUS will not be listed on any U.S. securities\nexchange or quotation system. Neither the U.S. Securities and Exchange Commission (the “SEC”) nor any state securities commission\nhas approved or disapproved of the Auto-Callable Trigger PLUS or determined that this document is truthful or complete. Any representation\nto the contrary is a criminal offense.

We may use this document in the initial sale of the Auto-Callable\nTrigger PLUS. In addition, Barclays Capital Inc. or another of our affiliates may use this document in market resale transactions in any\nof the Auto-Callable Trigger PLUS after their initial sale. Unless we or our agent informs you otherwise in the confirmation of sale,\nthis document is being used in a market resale transaction.

The Auto-Callable Trigger PLUS constitute our unsecured and unsubordinated\nobligations. The Auto-Callable Trigger PLUS are not deposit liabilities of Barclays Bank PLC and are not covered by the U.K. Financial\nServices Compensation Scheme or insured by the U.S. Federal Deposit Insurance Corporation or any other governmental agency or deposit\ninsurance agency of the United States, the United Kingdom or any other jurisdiction.

\n \n \n \n

Prospectus
dated May 15, 2025

Prospectus Supplement
dated May 15, 2025

$\"\"$

Auto-Callable Dual Directional Trigger PLUS Based on the Value of the Class A Common Stock of Palantir Technologies Inc. due October 4, 2028

Auto-Callable Dual Directional 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:	$187.05, 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
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:	06749JXA4 / US06749JXA41
Listing:	The Auto-Callable Trigger PLUS will not be listed on any securities exchange.
Selected dealer:	Morgan Stanley Wealth Management (“MSWM”)

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

*	The underlier and the terms of the Auto-Callable 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—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 \n
Barclays Capital Inc. \n

September 2026

Page 2

$\"\"$

Auto-Callable Dual Directional Trigger PLUS Based on the Value of the Class A Common Stock of Palantir Technologies Inc. due October 4, 2028

Auto-Callable Dual Directional Trigger Performance Leveraged Upside Securities^SM

Principal at Risk Securities

Additional Terms of the Auto-Callable 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 Auto-Callable Trigger PLUS are a part. This document, together with the documents listed below, contains the terms of the Auto-Callable\nTrigger PLUS and supersedes all prior or contemporaneous oral statements as well as any other written materials including preliminary\nor indicative pricing terms, correspondence, trade ideas, structures for implementation, sample structures, brochures or other educational\nmaterials of ours. You should carefully consider, among other things, the matters set forth under “Risk Factors” in the prospectus\nsupplement and “Risk Factors” in this document, as the Auto-Callable 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 Auto-Callable\nTrigger 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

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.

September 2026

Page 3

$\"\"$

Auto-Callable Dual Directional Trigger PLUS Based on the Value of the Class A Common Stock of Palantir Technologies Inc. due October 4, 2028

Auto-Callable Dual Directional Trigger Performance Leveraged Upside Securities^SM

Principal at Risk Securities

Additional Information Regarding Our Estimated Value\nof the Auto-Callable 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 Auto-Callable Trigger PLUS might be lower if such valuation were based on the levels at which our benchmark\ndebt securities trade in the secondary market.

Our estimated value of the Auto-Callable Trigger PLUS on the pricing\ndate is less than the initial issue price of the Auto-Callable Trigger PLUS. The difference between the initial issue price of the Auto-Callable\nTrigger PLUS and our estimated value of the Auto-Callable Trigger PLUS results from several factors, including 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 Auto-Callable Trigger PLUS, the estimated cost that we may incur in hedging our obligations under the Auto-Callable Trigger PLUS,\nand estimated development and other costs that we may incur in connection with the Auto-Callable Trigger PLUS. These other costs will\ninclude a fee paid to LFT Securities, LLC, an entity in which an affiliate of Morgan Stanley Wealth Management has an ownership interest,\nfor 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 Auto-Callable Trigger PLUS may trade in the secondary market, nor will it be the price at which Barclays Capital Inc. may\nbuy or sell the Auto-Callable Trigger PLUS in the secondary market. Subject to normal market and funding conditions, Barclays Capital\nInc. or another affiliate of ours intends to offer to purchase the Auto-Callable Trigger PLUS in the secondary market but it is not obligated\nto 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 Auto-Callable Trigger PLUS in the secondary market, if any,\nand the value that we may initially use for customer account statements, if we provide any customer account statements at all, may exceed\nour estimated value on the pricing date for a temporary period expected to be approximately 40 days after the initial issue date of the\nAuto-Callable Trigger PLUS because, in our discretion, we may elect to effectively reimburse to investors a portion of the estimated cost\nof hedging our obligations under the Auto-Callable Trigger PLUS and other costs in connection with the Auto-Callable Trigger PLUS that\nwe will no longer expect to incur over the term of the Auto-Callable Trigger PLUS. We made such discretionary election and determined\nthis temporary reimbursement period on the basis of a number of factors, which may include the tenor of the Auto-Callable Trigger PLUS\nand/or any agreement we may have with the distributors of the Auto-Callable Trigger PLUS. The amount of our estimated costs that we effectively\nreimburse to investors in this way may not be allocated ratably throughout the reimbursement period, and we may discontinue such reimbursement\nat any time or revise the duration of the reimbursement period after the initial issue date of the Auto-Callable Trigger PLUS based on\nchanges in market conditions and other factors that cannot be predicted.

We urge you to read “Risk Factors” beginning on page\n15 of this document.

September 2026

Page 4

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Auto-Callable Dual Directional Trigger PLUS Based on the Value of the Class A Common Stock of Palantir Technologies Inc. due October 4, 2028

Auto-Callable Dual Directional 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 Auto-Callable Trigger PLUS or any other agreements, arrangements or understandings between us and any\nholder or beneficial owner of the Auto-Callable Trigger PLUS (or the trustee on behalf of the holders of the Auto-Callable Trigger PLUS),\nby acquiring the Auto-Callable Trigger PLUS, each holder or beneficial owner of the Auto-Callable Trigger PLUS acknowledges, accepts,\nagrees to be bound by, and consents to the exercise of, any U.K. Bail-in Power by 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 Auto-Callable Trigger PLUS; (ii) the conversion\nof all, or a portion, of the principal amount of, or interest on, or any other amounts payable on, the Auto-Callable Trigger PLUS into\nshares or other securities or other obligations of Barclays Bank PLC or another person (and the issue to, or conferral on, the holder\nor beneficial owner of the Auto-Callable Trigger PLUS of such shares, securities or obligations); (iii) the cancellation of the Auto-Callable\nTrigger PLUS and/or (iv) the amendment or alteration of the maturity of the Auto-Callable Trigger PLUS, or the amendment of the amount\nof interest or any other amounts due on the Auto-Callable Trigger PLUS, or the dates on which interest or any other amounts become payable,\nincluding by suspending payment for a temporary period; which U.K. Bail-in Power may be exercised by means of a variation of the terms\nof the Auto-Callable Trigger PLUS solely to give effect to the exercise by the relevant U.K. resolution authority of such U.K. Bail-in\nPower. Each holder and beneficial owner of the Auto-Callable Trigger PLUS further acknowledges and agrees that the rights of the holders\nor beneficial owners of the Auto-Callable 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 Auto-Callable Trigger PLUS may have at law if and to the extent that\nany U.K. Bail-in Power 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.

September 2026

Page 5

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Auto-Callable Dual Directional Trigger PLUS Based on the Value of the Class A Common Stock of Palantir Technologies Inc. due October 4, 2028

Auto-Callable Dual Directional Trigger Performance Leveraged Upside Securities^SM

Principal at Risk Securities

Investment Summary

Auto-Callable Dual Directional Trigger Performance\nLeveraged Upside Securities^SM

Principal at Risk Securities

The Auto-Callable Dual Directional Trigger PLUS Based on the Value of\nthe Class A Common Stock of Palantir Technologies Inc. due October 4, 2028 (the “Auto-Callable Trigger PLUS”) can be used:

To provide an opportunity to earn the early redemption payment, which is an amount equal to $1,325.00 per Auto-Callable Trigger PLUS,\nor 132.50% of the stated principal amount, if the closing price of the underlier on the call observation date is greater than or equal\nto the initial underlier value.

As an alternative to direct exposure to the underlier that, if the Auto-Callable Trigger PLUS are not redeemed prior to maturity,\nenhances returns for any positive performance of the underlier

If the Auto-Callable Trigger PLUS are not redeemed prior to maturity, to enhance returns and outperform the underlier in a bullish\nscenario

If the Auto-Callable Trigger PLUS are not redeemed prior to maturity, to achieve similar levels of upside exposure to the underlier\nas a direct investment, while using fewer dollars by taking advantage of the upside leverage factor

If the Auto-Callable Trigger PLUS are not redeemed prior to maturity, to provide an unleveraged positive return in the event of a\ndecline of the underlier from the pricing date to the valuation date, but only if the final underlier value is greater than or equal to\nthe trigger value

If the final underlier value is less than the trigger value, the Auto-Callable\nTrigger PLUS 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 two years (unless redeemed earlier)
Early redemption payment:	$1,325.00 per Auto-Callable Trigger PLUS (132.50% of the stated principal amount)
Upside leverage factor:	150% (applicable only if the Auto-Callable Trigger PLUS are not redeemed prior to maturity and the final underlier value is greater than the initial underlier value)
Trigger value:	65% of the initial underlier value
Minimum payment at maturity:	None. Investors may lose their entire initial investment in the Auto-Callable Trigger PLUS.
Interest:	None

Key Investment Rationale

The Auto-Callable Trigger PLUS are for investors who seek an equity-based\nreturn and who are willing and able to risk their principal and forgo current income in exchange for the upside leverage feature, which\napplies only if the final underlier value is greater than the initial underlier value, and the absolute value return feature, which applies\nonly if the final underlier value is less than the initial underlier value and greater than or equal to the trigger value, in each case\nsubject to automatic early redemption. Investors may lose their entire initial investment in the Auto-Callable Trigger PLUS.

\n \n \n \n

Automatic Early Redemption Feature

On the call observation date, if the closing price of the underlier is greater than or equal to the initial underlier value, the Auto-Callable Trigger PLUS will be automatically redeemed for an amount per Auto-Callable Trigger PLUS equal to the early redemption payment. No further payments will be made on the Auto-Callable Trigger PLUS after they have been redeemed. In addition, if the Auto-Callable Trigger PLUS are redeemed prior to maturity, you will not benefit from the leverage feature that applies to the payment at maturity if the final underlier value is greater than the initial underlier value. Moreover, the early redemption payment may be significantly less than the payment at maturity you would receive for the same level of appreciation of the underlier had the Auto-Callable Trigger PLUS not been automatically redeemed and instead remained outstanding until maturity.

September 2026

Page 6

$\"\"$

Auto-Callable Dual Directional Trigger PLUS Based on the Value of the Class A Common Stock of Palantir Technologies Inc. due October 4, 2028

Auto-Callable Dual Directional 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

Leveraged Upside Performance	If the Auto-Callable Trigger PLUS are not redeemed prior to maturity, the Auto-Callable Trigger PLUS offer investors an opportunity to capture enhanced returns for any positive performance of the underlier relative to a direct investment in the underlier.
Absolute Return Feature	If the Auto-Callable Trigger PLUS are not redeemed prior to maturity, the Auto-Callable Trigger PLUS offer investors the potential for an unleveraged positive return at maturity if the final underlier value is less than the initial underlier value but greater than or equal to the trigger value.
Upside Scenario if the Underlier Appreciates	The Auto-Callable Trigger PLUS are not redeemed prior to maturity and the final underlier value is greater than the initial underlier value. In this case, at maturity, the Auto-Callable Trigger PLUS pay the stated principal amount of $1,000 plus a positive return equal to 150% of the underlier return.
Absolute Return Scenario	The Auto-Callable Trigger PLUS are not redeemed prior to maturity and 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 Auto-Callable Trigger PLUS pay a positive 1% return for each 1% decrease of the underlier. For example, if the final underlier value is 5% less than the initial underlier value, the Auto-Callable Trigger PLUS will provide a total positive return of 5% at maturity. Because the trigger value is 35% less than the initial underlier value, any positive return in the event that the final underlier value is less than the initial underlier value is limited to 35%.
Downside Scenario	The Auto-Callable Trigger PLUS are not redeemed prior to maturity and the final underlier value is less than the trigger value. In this case, at maturity, the Auto-Callable Trigger PLUS pay less than 65% 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 Auto-Callable Trigger PLUS will pay $450.00 per Auto-Callable 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 Auto-Callable Trigger PLUS. Accordingly, investors could lose their entire investment in the Auto-Callable Trigger PLUS.

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Principal at Risk Securities

Selected Purchase Considerations

The Auto-Callable Trigger PLUS are not appropriate for all investors.\nThe Auto-Callable Trigger PLUS 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 seek the potential for a fixed return equal to the early redemption payment if the closing price of the underlier on the call\nobservation date is greater than or equal to the initial underlier value, or anticipate that the final underlier value will be greater\nthan the initial underlier value or less than the initial underlier value but greater than or equal to the trigger value, and you are\nwilling and able to accept the risk that, if the final underlier value is less than the trigger value, you will lose a significant portion,\nand possibly all, of the stated principal amount of the Auto-Callable Trigger PLUS.

You are willing and able to accept the risk that, if the Auto-Callable Trigger PLUS are redeemed prior to maturity, you will not benefit\nfrom the leverage feature that applies to the payment at maturity if the final underlier value is greater than the initial underlier value.

You are willing and able to accept the risk that, if the Auto-Callable Trigger PLUS are redeemed prior to maturity, the early redemption\npayment may be significantly less than the payment at maturity you would receive for the same level of appreciation of the underlier had\nthe Auto-Callable Trigger PLUS not been automatically redeemed and instead remained outstanding until maturity.

You are willing and able to accept that the absolute return feature applies only if the underlier does not decrease from the initial\nunderlier value by more than 35%, that any positive return in the event that the final underlier value is less than the initial underlier\nvalue is limited to 35% and that any decline in the final underlier value from the initial underlier value by more than 35% will result\nin a loss, rather than a positive return, on the Auto-Callable Trigger PLUS.

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 Auto-Callable\nTrigger PLUS to maturity if the Auto-Callable Trigger PLUS are not automatically redeemed.

You are willing and able to assume our credit risk for all payments on the Auto-Callable 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 Auto-Callable Trigger PLUS may not be an appropriate\ninvestment for you if any of the following statements are true:

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

You seek an investment that provides for the full repayment of principal at maturity.

You anticipate that the closing price of the underlier will be less than the initial underlier value on the call observation date\nor that the final underlier value will be less than the trigger value, or you are unwilling or unable to accept the risk that, if it is,\nyou will lose a significant portion, and possibly all, of the stated principal amount of the Auto-Callable Trigger PLUS.

You are unwilling or unable to accept the risk that, if the Auto-Callable Trigger PLUS are redeemed prior to maturity, you will not\nbenefit from the leverage feature that applies to the payment at maturity if the final underlier value is greater than the initial underlier\nvalue.

You are unwilling or unable to accept the risk that, if the Auto-Callable Trigger PLUS are redeemed prior to maturity, the early redemption\npayment may be significantly less than the payment at maturity you would receive for the same level of appreciation of the underlier had\nthe Auto-Callable Trigger PLUS not been automatically redeemed and instead remained outstanding until maturity.

You are unwilling or unable to accept that the absolute return feature applies only if the underlier does not decrease from the initial\nunderlier value by more than 35%, that any positive return in the event that the final underlier value is less than the initial underlier\nvalue is limited to 35% or that any decline in the final underlier value from the initial underlier value by more than 35% will result\nin a loss, rather than a positive return, on the Auto-Callable Trigger PLUS.

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Principal at Risk Securities

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 are unwilling or unable to accept the risk that the Auto-Callable Trigger PLUS may be automatically redeemed prior to scheduled\nmaturity.

You seek an investment for which there will be an active secondary market and/or you are unwilling or unable to hold the Auto-Callable\nTrigger PLUS to maturity if the Auto-Callable Trigger PLUS are not automatically redeemed.

You are unwilling or unable to assume our credit risk for all payments on the Auto-Callable 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 Auto-Callable Trigger PLUS. You should reach a decision whether to invest in the Auto-Callable Trigger PLUS after carefully\nconsidering, with your advisors, the appropriateness of the Auto-Callable Trigger PLUS in light of your investment objectives and the\nspecific information set forth in this document, the prospectus and the prospectus supplement. Neither the issuer nor Barclays Capital\nInc. makes any recommendation as to the appropriateness of the Auto-Callable Trigger PLUS for investment.

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Principal at Risk Securities

How the Auto-Callable Dual Directional Trigger PLUS\nWork

The following payoff diagrams and scenarios illustrate the payment upon\nautomatic early redemption or at maturity on the Auto-Callable Trigger 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 Auto-Callable Trigger PLUS
Early redemption payment:	$1,325.00 per Auto-Callable Trigger PLUS (132.50% of the stated principal amount)
Upside leverage factor:	150% (applicable only if the Auto-Callable Trigger PLUS are not redeemed prior to maturity and the final underlier value is greater than the initial underlier value)
Trigger value:	65% of the initial underlier value
Minimum payment at maturity:	None. You could lose your entire initial investment in the Auto-Callable Trigger PLUS.

Diagram #1: Call Observation Date

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Diagram #2: Payment\nat Maturity If No Automatic Early Redemption Occurs

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

Auto-Callable Dual Directional Trigger PLUS Payoff Diagram If No Automatic Early Redemption Occurs

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Scenario Analysis

Automatic Early Redemption Scenario. On the call observation date, if the closing price\nof the underlier is greater than or equal to the initial underlier value, under the terms of the Auto-Callable Trigger PLUS, the Auto-Callable\nTrigger PLUS will be automatically redeemed for an amount per Auto-Callable Trigger PLUS equal to the early redemption payment of $1,325.00,\nor 132.50% of the stated principal amount. If the Auto-Callable Trigger PLUS are redeemed prior to maturity, you will not benefit from\nthe leverage feature that applies to the payment at maturity if the final underlier value is greater than the initial underlier value\nor the absolute value return feature that applies to the payment at maturity if the final underlier value less than the initial underlier\nvalue but greater than or equal to the trigger value. Moreover, the early redemption payment may be significantly less than the payment\nat maturity you would receive for the same level of appreciation of the underlier had the Auto-Callable Trigger PLUS not been automatically\nredeemed and instead remained outstanding until maturity.

Upside Scenario. If the Auto-Callable Trigger PLUS are not redeemed prior to maturity and\nthe final underlier value is greater than the initial underlier value, at maturity investors will receive the $1,000 stated principal\namount plus 150% of the appreciation of the underlier from the initial underlier value to the final underlier value.

For example, if the underlier appreciates by 3%, at maturity investors would receive a return of 4.50%, or $1,045.00 per Auto-Callable\nTrigger PLUS.

Under the terms of the Auto-Callable Trigger PLUS, if the underlier appreciates by 30%, investors would receive a 45.00% return, or\n$1,450.00 per Auto-Callable Trigger PLUS, at maturity. This is significantly more than the early redemption payment the investor would\nhave received if the underlier had appreciated 30% or more as of the call observation date, and, as a result, the Auto-Callable Trigger\nPLUS were automatically redeemed.

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Absolute Return Scenario. If the Auto-Callable Trigger PLUS are not redeemed prior to maturity\nand the final underlier value is less than or equal to the initial underlier value but greater than or equal to the trigger value, at\nmaturity investors will receive a positive 1% return on the Auto-Callable Trigger PLUS for each 1% decrease of the underlier.

For example, if the underlier depreciates by 5%, at maturity investors would receive a 5% return, or $1,050.00 per Auto-Callable Trigger\nPLUS.

Downside Scenario. If the Auto-Callable Trigger PLUS are not redeemed prior to maturity\nand the final underlier value is less than the trigger value, at maturity investors will receive an amount that is less than 65% of the\n$1,000 stated principal amount and that will reflect a 1% loss of principal for each 1% decline in the underlier. Investors may lose their\nentire initial investment in the Auto-Callable Trigger PLUS.

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

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Principal at Risk Securities

If Not Redeemed Prior to Maturity, What Is the\nTotal Return on the Auto-Callable Trigger PLUS at Maturity, 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 Auto-Callable Trigger PLUS, assuming the Auto-Callable Trigger PLUS are not\nredeemed prior to maturity. The “total return” as used in this document is the number, expressed as a percentage, that results\nfrom comparing the payment at maturity per $1,000 stated principal amount to $1,000.00. The table and examples set forth below assume\na hypothetical initial underlier value of $100.00 and a hypothetical trigger value of $65.00 (or 65% of the hypothetical initial underlier\nvalue) and reflect the upside leverage factor of 150%. 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 “Palantir Technologies Inc. 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 Auto-Callable Trigger PLUS. The numbers appearing in\nthe following table and examples have been rounded for ease of analysis. The table and examples below do not take into account any tax\nconsequences from investing in the Auto-Callable 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

Final Underlier Value	Underlier Return	Underlier Performance Factor	Absolute Value Return	Payment at Maturity	Total Return on Auto-Callable Trigger PLUS
$150.00	50.00%	N/A	N/A	$1,750.00	75.00%
$140.00	40.00%	N/A	N/A	$1,600.00	60.00%
$130.00	30.00%	N/A	N/A	$1,450.00	45.00%
$120.00	20.00%	N/A	N/A	$1,300.00	30.00%
$110.00	10.00%	N/A	N/A	$1,150.00	15.00%
$105.00	5.00%	N/A	N/A	$1,075.00	7.50%
$100.00	0.00%	N/A	0.00%	$1,000.00	0.00%
$95.00	-5.00%	N/A	5.00%	$1,050.00	5.00%
$90.00	-10.00%	N/A	10.00%	$1,100.00	10.00%
$85.00	-15.00%	N/A	15.00%	$1,150.00	15.00%
$80.00	-20.00%	N/A	20.00%	$1,200.00	20.00%
$70.00	-30.00%	N/A	30.00%	$1,300.00	30.00%
$65.00	-35.00%	N/A	35.00%	$1,350.00	35.00%
$64.99	-35.01%	64.99%	N/A	$649.90	-35.01%
$60.00	-40.00%	60.00%	N/A	$600.00	-40.00%
$50.00	-50.00%	50.00%	N/A	$500.00	-50.00%
$40.00	-60.00%	40.00%	N/A	$400.00	-60.00%
$30.00	-70.00%	30.00%	N/A	$300.00	-70.00%
$20.00	-80.00%	20.00%	N/A	$200.00	-80.00%
$10.00	-90.00%	10.00%	N/A	$100.00	-90.00%
$0.00	-100.00%	0.00%	N/A	$0.00	-100.00%

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Principal at Risk Securities

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 Auto-Callable Trigger PLUS are not redeemed prior\nto maturity and the value of the underlier increases from the initial underlier 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:

$1,000 + leveraged upside payment

= $1,000 + ($1,000 × upside leverage factor\n× underlier return)

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 × upside\nleverage factor × underlier return = ($1,000 × 150% × 5.00%) = $75.00

Thus, the payment at maturity is equal to $1,075.00 per Auto-Callable\nTrigger PLUS, representing a total return of 7.50% on the Auto-Callable Trigger PLUS.

Example 2: The Auto-Callable Trigger PLUS are not redeemed prior\nto maturity and the value of the underlier decreases from the initial underlier 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 calculated as follows:

$1,000 + ($1,000\n× absolute value return)

First, calculate the underlier\nreturn:

underlier\nreturn = (final underlier value – initial underlier value) / initial underlier value = ($90.00 – $100.00) / $100.00 = -10.00%

Next, calculate the payment at\nmaturity. Because the absolute value of the underlier return of -10.00% is +10.00%, the payment at maturity is equal to:

$1,000 + ($1,000\n× 10.00%) = $1,100.00

The total return on the Auto-Callable Trigger PLUS is 10.00%.

Example 3: The Auto-Callable Trigger PLUS are not redeemed prior\nto maturity and the value of the underlier decreases from the initial underlier 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 Auto-Callable 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 Auto-Callable Trigger PLUS is -50.00%.

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Risk Factors

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

Risks Relating to the Auto-Callable Trigger PLUS\nGenerally

The Auto-Callable Trigger PLUS do not pay interest or guarantee the return of any principal. The terms of the Auto-Callable\nTrigger PLUS differ from those of ordinary debt securities in that the Auto-Callable Trigger PLUS do not pay interest or guarantee the\nreturn of any of the stated principal amount at maturity. Instead, if the Auto-Callable Trigger PLUS are not redeemed prior to maturity\nand the final underlier value is less than the trigger value, which is 65% of the initial underlier value, the payment at maturity will\nbe an amount in cash that is less than the $1,000 stated principal amount of each Auto-Callable Trigger PLUS by a percentage equal to\nthe percentage decrease from the initial underlier value to the final underlier value. There is no minimum payment at maturity on the\nAuto-Callable Trigger PLUS and, accordingly, if the Auto-Callable Trigger PLUS are not redeemed prior to maturity, you could lose your\nentire initial investment in the Auto-Callable Trigger PLUS.

If the Auto-Callable Trigger PLUS are redeemed following the call observation date, the appreciation potential of the Auto-Callable\nTrigger PLUS is limited to the early redemption payment. If the closing price of the underlier on the call observation date is greater\nthan or equal to the initial underlier value, the Auto-Callable Trigger PLUS will be automatically redeemed. In this scenario, the appreciation\npotential of the Auto-Callable Trigger PLUS is limited to the early redemption payment of $1,325.00 per Auto-Callable Trigger PLUS (132.50%\nof the stated principal amount) regardless of the actual appreciation of the underlier, and no further payments will be made on the Auto-Callable\nTrigger PLUS once they have been redeemed. In addition, if the Auto-Callable Trigger PLUS are redeemed prior to maturity, you will not\nbenefit from the leverage feature that applies to the payment at maturity if the final underlier value is greater than the initial underlier\nvalue or the absolute value return feature that applies to the payment at maturity if the final underlier value is less than the initial\nunderlier value but greater than or equal to the trigger value. Moreover, the early redemption payment may be significantly less than\nthe payment at maturity you would receive for the same level of appreciation of the underlier had the Auto-Callable Trigger PLUS not been\nautomatically redeemed and instead remained outstanding until maturity.

Your potential for a positive return from depreciation of the underlier is limited. The\nabsolute value return feature applies only if the final underlier value is less than the initial underlier value but greater than or equal\nto the trigger value, which is equal to 65% of the initial underlier value. Thus, any return\npotential of the Auto-Callable Trigger PLUS in the event that the final underlier value is less than the initial underlier value is limited\nto 35%. Any decline in the final underlier value from the initial underlier value by more\nthan 35% will result in a loss, rather than a positive return, on the Auto-Callable Trigger\nPLUS.

Any payment on the Auto-Callable Trigger PLUS will be determined based on the closing prices of the underlier on the dates specified.\nAny payment on the Auto-Callable Trigger PLUS will be determined based on the closing prices of the underlier on the dates specified.\nYou will not benefit from any more favorable value of the underlier determined at any other time.

Owning the Auto-Callable Trigger PLUS is not equivalent to owning the underlier. The\nreturn on your Auto-Callable Trigger PLUS may not reflect the return you would realize if you actually owned the underlier. As a holder\nof the Auto-Callable Trigger PLUS, you will not have voting rights, rights to receive dividends\nor other distributions or any other rights with respect to the underlier.

Early redemption risk. The term of your investment in the Auto-Callable Trigger PLUS may be limited to as short as approximately\none year by the automatic early redemption feature of the Auto-Callable Trigger PLUS. If the Auto-Callable Trigger PLUS are redeemed prior\nto maturity, you will receive no further payments and may be forced to reinvest in a lower interest rate environment. There is no guarantee\nthat you would be able to reinvest the proceeds from an investment in the Auto-Callable Trigger PLUS in a comparable investment with a\nsimilar level of risk in the event the Auto-Callable Trigger PLUS are redeemed prior to the maturity date. In addition, if the Auto-Callable\nTrigger PLUS are redeemed prior to maturity, you will not benefit from the leverage feature that applies to the payment at maturity if\nthe final underlier value is greater than the initial underlier value or the absolute value return feature that applies to the payment\nat maturity if the final underlier value is less than the initial underlier value but greater than or equal to the trigger value. Moreover,\nthe early redemption payment may be significantly less than the payment at maturity you would receive for the same level of appreciation\nof the underlier had the Auto-Callable Trigger PLUS not been automatically redeemed and instead remained outstanding until maturity.

The U.S. federal income tax consequences of an investment in the Auto-Callable Trigger PLUS are uncertain. There is no direct\nlegal authority regarding the proper U.S. federal income tax treatment of the Auto-Callable Trigger PLUS, and we do not plan

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Principal at Risk Securities

to request a ruling from the Internal Revenue\nService (the “IRS”). Consequently, significant aspects of the tax treatment of the Auto-Callable Trigger PLUS are uncertain,\nand the IRS or a court might not agree with the treatment of the Auto-Callable Trigger PLUS as prepaid forward contracts, as described\nbelow under “Additional provisions—Tax considerations.” If the IRS were successful in asserting an alternative treatment\nfor the Auto-Callable Trigger PLUS, the tax consequences of the ownership and disposition of the Auto-Callable Trigger PLUS could be materially\nand 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 Auto-Callable Trigger PLUS, possibly with retroactive\neffect. You should review carefully the sections of the accompanying prospectus supplement entitled “Material U.S. Federal Income\nTax Consequences—Tax Consequences to U.S. Holders—Notes Treated as Prepaid Forward Contracts” and, if you are a non-U.S.\nholder, “—Tax Consequences to Non-U.S. Holders,” and consult your tax advisor regarding the U.S. federal tax consequences\nof an investment in the Auto-Callable Trigger PLUS (including possible alternative treatments and the issues presented by the 2007 notice),\nas well as tax consequences arising under the laws of any state, local or non-U.S. taxing jurisdiction.

Risks Relating to the Issuer

Credit of issuer. The Auto-Callable Trigger PLUS are unsecured and unsubordinated debt obligations of the issuer, Barclays\nBank PLC, and are not, either directly or indirectly, an obligation of any third party. Any payment to be made on the Auto-Callable Trigger\nPLUS, including any repayment of principal, is subject to the ability of Barclays Bank PLC to satisfy its obligations as they come due\nand is not guaranteed by any third party. As a result, the actual and perceived creditworthiness of Barclays Bank PLC may affect the market\nvalue of the Auto-Callable Trigger PLUS and, in the event Barclays Bank PLC were to default on its obligations, you might not receive\nany amount owed to you under the terms of the Auto-Callable 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 Auto-Callable Trigger PLUS or any other agreements, arrangements or understandings between\nBarclays Bank PLC and any holder or beneficial owner of the Auto-Callable Trigger PLUS (or the trustee on behalf of the holders of the\nAuto-Callable Trigger PLUS), by acquiring the Auto-Callable Trigger PLUS, each holder or beneficial owner of the Auto-Callable Trigger\nPLUS 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\nauthority as set forth under “Consent to U.K. Bail-in Power” in this document. Accordingly, any U.K. Bail-in Power may be\nexercised in such a manner as to result in you and other holders and beneficial owners of the Auto-Callable Trigger PLUS losing all or\na part of the value of your investment in the Auto-Callable Trigger PLUS or receiving a different security from the Auto-Callable Trigger\nPLUS, which may be worth significantly less than the Auto-Callable Trigger PLUS and which may have significantly fewer protections than\nthose typically afforded to debt securities. Moreover, the relevant U.K. resolution authority may exercise the U.K. Bail-in Power without\nproviding any advance notice to, or requiring the consent of, the holders and beneficial owners of the Auto-Callable Trigger PLUS. The\nexercise of any U.K. Bail-in Power by the relevant U.K. resolution authority with respect to the Auto-Callable Trigger PLUS will not be\na default or an Event of Default (as each term is defined in the senior debt securities indenture) and the trustee will not be liable\nfor any action that the trustee takes, or abstains from taking, in either case, in accordance with the exercise of the U.K. Bail-in Power\nby the relevant U.K. resolution authority with respect to the Auto-Callable 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

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 Auto-Callable Trigger PLUS. We have not made any due diligence inquiry with respect to the\nissuer of the underlier in 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 Auto-Callable Trigger PLUS

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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 Auto-Callable Trigger PLUS. See “Reference Assets—Equity Securities—Share Adjustments Relating to Securities\nwith an Equity Security as a Reference Asset” in the accompanying prospectus supplement.

Reorganization or other events could adversely affect the value of the Auto-Callable Trigger PLUS or result in the Auto-Callable\nTrigger PLUS being accelerated. Upon the occurrence of certain reorganization events or a nationalization, expropriation, liquidation,\nbankruptcy, insolvency or de-listing of the underlier, the calculation agent may replace the underlier with shares of another company\nidentified as described in the prospectus supplement or, in some cases, with shares, cash or other assets distributed to holders of the\nunderlier upon the occurrence of that event. In the alternative, the calculation agent may accelerate the maturity date for a payment\ndetermined by the calculation agent or may make other changes to the terms of the Auto-Callable Trigger PLUS to account for the occurrence\nof that event. Any decision by the calculation agent to replace the underlier, to accelerate the Auto-Callable Trigger PLUS or to otherwise\nadjust the terms of the Auto-Callable Trigger PLUS could adversely affect the value of, and any amount payable on, the Auto-Callable Trigger\nPLUS, perhaps significantly, and could result in a significantly lower return on the Auto-Callable Trigger PLUS than if the calculation\nagent had made a different decision. See “Reference Assets—Equity Securities—Share Adjustments Relating to Securities\nwith 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 Auto-Callable\nTrigger PLUS. Governmental legislative or regulatory actions, including, without limitation, sanctions-related actions by the U.S.\nor a foreign government, could prohibit or otherwise restrict persons from holding the Auto-Callable Trigger PLUS or the underlier, or\nengaging in transactions in them, and any such action could adversely affect the value of the underlier. These legislative or regulatory\nactions could result in restrictions on the Auto-Callable Trigger PLUS or the de-listing of the underlier. You may lose a significant\nportion or all of your initial investment in the Auto-Callable Trigger PLUS if the underlier is de-listed or if you are forced to divest\nthe Auto-Callable Trigger PLUS due to government mandates, especially if such de-listing occurs or such divestment must be made at a time\nwhen the value of the Auto-Callable Trigger PLUS has declined. See “—Reorganization or other events could adversely affect\nthe value of the Auto-Callable Trigger PLUS or result in the Auto-Callable Trigger PLUS being accelerated” above.

We may accelerate the Auto-Callable Trigger PLUS if a change-in-law event occurs. Upon the occurrence of legal or regulatory\nchanges that may, among other things, prohibit or otherwise materially restrict persons from holding the Auto-Callable Trigger PLUS or\nthe underlier, or engaging in transactions in them, the calculation agent may determine that a change-in-law event has occurred and accelerate\nthe maturity date for a payment determined by the calculation agent in its sole discretion. Any amount payable upon acceleration could\nbe significantly less than any amount that would be due on the Auto-Callable Trigger PLUS if they were not accelerated. However, if the\ncalculation agent elects not to accelerate the Auto-Callable Trigger PLUS, the value of, and any amount payable on, the Auto-Callable\nTrigger PLUS could be adversely affected, perhaps significantly, by the occurrence of those legal or regulatory changes. See “Terms\nof 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 Auto-Callable\nTrigger PLUS. Hedging or trading activities of the issuer’s affiliates and of any other hedging counterparty with respect to\nthe Auto-Callable Trigger PLUS could adversely affect the value of the underlier and, as a result, could decrease the amount an investor\nmay receive on the Auto-Callable Trigger PLUS at maturity. Any of these hedging or trading activities on or prior to the pricing date\ncould have increased the initial underlier value and, as a result, the trigger value, which is the value at or above which the underlier\nmust close on the valuation date so that the investor does not suffer a loss on their initial investment in the Auto-Callable Trigger\nPLUS. Additionally, such hedging or trading activities during the term of the Auto-Callable Trigger PLUS, including on the valuation date,\ncould potentially affect the value of the underlier on the valuation date and, accordingly, the amount of cash an investor will receive\nat maturity, if any.

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We and our affiliates, and any dealer participating in the distribution of the Auto-Callable Trigger PLUS, may engage in various\nactivities or make determinations that could materially affect your Auto-Callable Trigger PLUS in various ways and create conflicts of\ninterest. We and our affiliates play a variety of roles in connection with the issuance of the Auto-Callable Trigger PLUS, as described\nbelow. In performing these roles, our and our affiliates’ economic interests are potentially adverse to your interests as an investor\nin the Auto-Callable Trigger PLUS.

In connection with our normal business\nactivities and in connection with hedging our obligations under the Auto-Callable Trigger PLUS, we and our affiliates make markets in\nand trade various financial instruments or products for our accounts and for the account of our clients and otherwise provide investment\nbanking and other financial services with respect to these financial instruments and products. These financial instruments and products\nmay include securities, derivative instruments or assets that may relate to the underlier. In any such market making, trading and hedging\nactivity, investment banking and other financial services, we or our affiliates may take positions or take actions that are inconsistent\nwith, or adverse to, the investment objectives of the holders of the Auto-Callable Trigger PLUS. We and our affiliates have no obligation\nto take the needs of any buyer, seller or holder of the Auto-Callable Trigger PLUS into account in conducting these activities. Such market\nmaking, trading and hedging activity, investment banking and other financial services may negatively impact the value of the Auto-Callable\nTrigger PLUS.

In addition, the role played by\nBarclays Capital Inc., as the agent for the Auto-Callable Trigger PLUS, could present significant conflicts of interest with the role\nof Barclays Bank PLC, as issuer of the Auto-Callable Trigger PLUS. For example, Barclays Capital Inc. or its representatives may derive\ncompensation or financial benefit from the distribution of the Auto-Callable Trigger PLUS and such compensation or financial benefit may\nserve as an incentive to sell the Auto-Callable Trigger PLUS instead of other investments. Furthermore, we and our affiliates establish\nthe offering price of the Auto-Callable Trigger PLUS for initial sale to the public, and the offering price is not based upon any independent\nverification 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 Auto-Callable\nTrigger PLUS. The selected dealer or its affiliates would expect to realize a projected profit from such hedging activities, and this\nprojected profit would be in addition to any selling concession that the selected dealer realizes for the sale of the Auto-Callable Trigger\nPLUS to you. This additional projected profit may create a further incentive for the selected dealer to sell the Auto-Callable Trigger\nPLUS to you.

In addition to the activities described\nabove, we will also act as the calculation agent for the Auto-Callable Trigger PLUS. As calculation agent, we will determine any values\nof the underlier and make any other determinations necessary to calculate any payments on the Auto-Callable Trigger PLUS. In making these\ndeterminations, we may be required to make discretionary judgments, including those described in the accompanying prospectus supplement\nand under “—Risks Relating to the Underlier” above. In making these discretionary judgments, our economic interests\nare potentially adverse to your interests as an investor in the Auto-Callable Trigger PLUS, and any of these determinations may adversely\naffect any payments on the Auto-Callable Trigger PLUS.

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

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

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

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 Auto-Callable Trigger PLUS mature;

supply and demand for the Auto-Callable Trigger PLUS;

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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 “Palantir Technologies Inc.\nOverview” below. You may receive less, and possibly significantly less, than the stated principal amount if you try to sell your\nAuto-Callable Trigger PLUS prior to maturity.

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

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

The estimated value of the Auto-Callable Trigger PLUS is based on our internal pricing models, which may prove to be inaccurate\nand may be different from the pricing models of other financial institutions. The estimated value of your Auto-Callable Trigger PLUS\non the pricing date is based on our internal pricing models, which take into account a number of variables and are based on a number of\nsubjective assumptions, which may or may not materialize. These variables and assumptions are not evaluated or verified on an independent\nbasis. Further, our pricing models may be different from other financial institutions’ pricing models and the methodologies used\nby us to estimate the value of the Auto-Callable Trigger PLUS may not be consistent with those of other financial institutions that may\nbe purchasers or sellers of Auto-Callable Trigger PLUS in the secondary market. As a result, the secondary market price of your Auto-Callable\nTrigger PLUS may be materially different from the estimated value of the Auto-Callable Trigger PLUS determined by reference to our internal\npricing models.

The estimated value of your Auto-Callable Trigger PLUS is not a prediction of the prices at which you may sell your Auto-Callable\nTrigger PLUS in the secondary market, if any, and such secondary market prices, if any, will likely be lower than the initial issue price\nof your Auto-Callable Trigger PLUS and may be lower than the estimated value of your Auto-Callable Trigger PLUS. The estimated value\nof the Auto-Callable Trigger PLUS will not be a prediction of the prices at which Barclays Capital Inc., other affiliates of ours or third\nparties may be willing to purchase the Auto-Callable Trigger PLUS from you in secondary market transactions (if they are willing to purchase,\nwhich they are not obligated to do). The price at which you may be able to sell your Auto-Callable Trigger PLUS in the secondary market\nat any time will be influenced by many factors that cannot be predicted, such as market conditions, and any bid and ask spread for similar\nsized trades, and may be substantially less than our estimated value of the Auto-Callable Trigger PLUS. Further, as secondary market prices\nof your Auto-Callable Trigger PLUS take into account the levels at which our debt securities trade in the secondary market, and do not\ntake into account our various costs related to the Auto-Callable Trigger PLUS such as fees, commissions, discounts, and the costs of hedging\nour obligations under the Auto-Callable Trigger PLUS, secondary market prices of your Auto-Callable Trigger PLUS will likely be lower\nthan the initial issue price of your Auto-Callable Trigger PLUS. As a result, the price at which Barclays Capital Inc., other affiliates\nof ours or third parties may be willing to purchase the Auto-Callable Trigger PLUS from you in secondary market transactions, if any,\nwill likely be lower than the price you paid for your Auto-Callable Trigger PLUS, and any sale prior to the maturity date could result\nin a substantial loss to you.

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The temporary price at which we may initially buy the Auto-Callable Trigger PLUS in the secondary market and the value we may initially\nuse for customer account statements, if we provide any customer account statements at all, may not be indicative of future prices of your\nAuto-Callable Trigger PLUS. Assuming that all relevant factors remain constant after the pricing date, the price at which Barclays\nCapital Inc. may initially buy or sell the Auto-Callable Trigger PLUS in the secondary market (if Barclays Capital Inc. makes a market\nin the Auto-Callable Trigger PLUS, which it is not obligated to do) and the value that we may initially use for customer account statements,\nif we provide any customer account statements at all, may exceed our estimated value of the Auto-Callable Trigger PLUS on the pricing\ndate, as well as the secondary market value of the Auto-Callable Trigger PLUS, for a temporary period after the initial issue date of\nthe Auto-Callable Trigger PLUS. The price at which Barclays Capital Inc. may initially buy or sell the Auto-Callable Trigger PLUS in the\nsecondary market and the value that we may initially use for customer account statements may not be indicative of future prices of your\nAuto-Callable Trigger PLUS.

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Palantir Technologies Inc. Overview

According to publicly available information, Palantir Technologies Inc.\n(the “Company”) develops software that helps organizations integrate their data, decisions and operations at scale.

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: 001-39540. The Company’s\nClass A common stock is listed on The Nasdaq Stock Market under the ticker symbol “PLTR.”

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 September 30, 2026 was $187.05. 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 Auto-Callable Trigger PLUS,\nincluding on the call observation date or the valuation date. We cannot give you assurance that the performance of the underlier will\nnot result in a loss on your initial investment. The closing prices below may reflect adjustments in response to certain corporate\nactions, such as stock splits, public offerings, mergers and acquisitions, spin-offs, extraordinary dividends, delistings and bankruptcy.

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

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

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* The dotted line indicates the trigger value of 65% of the initial underlier value.

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE\nRESULTS.

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Additional Information about the Auto-Callable Trigger\nPLUS

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 Auto-Callable Trigger PLUS

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

\n \n

Based on current market conditions, in the opinion of our special tax\n counsel, the Auto-Callable Trigger PLUS should be treated for U.S. federal income tax purposes as prepaid forward contracts with respect\n to the underlier. Assuming this treatment is respected, upon a sale or exchange of the Auto-Callable Trigger PLUS (including redemption\n upon an automatic call or at maturity), you should recognize capital gain or loss equal to the difference between the amount realized\n on the sale or exchange and your tax basis in the Auto-Callable Trigger PLUS, which should equal the amount you paid to acquire the Auto-Callable\n Trigger PLUS. This gain or loss on your Auto-Callable Trigger PLUS should be treated as short-term capital gain or loss unless you hold\n your Auto-Callable Trigger PLUS for more than a year, in which case the gain or loss should be long-term capital gain or loss, whether\n or not you are an initial purchaser of Auto-Callable Trigger PLUS at the original issue price. However, the IRS or a court may not respect\n this treatment, in which case the timing and character of any income or loss on the Auto-Callable Trigger PLUS could be materially and\n adversely affected. In addition, in 2007 the U.S. Treasury Department and the IRS released a notice requesting comments on the U.S. federal\n income tax treatment of “prepaid forward contracts” and similar instruments. The notice focuses in particular on whether to\n require investors in these instruments to accrue income over the term of their investment. It also asks for comments on a number of related\n topics, including the character of income or loss with respect to these instruments; the relevance of factors such as the nature of the\n underlying property to which the instruments are linked; the degree, if any, to which income (including any mandated accruals) realized\n by non-U.S. investors should be subject to withholding tax; and whether these instruments are or should be subject to the “constructive\n ownership” regime, which very generally can operate to recharacterize certain long-term capital gain as ordinary income and impose\n a notional interest charge. While the notice requests comments on appropriate transition rules and effective dates, any Treasury regulations\n or other guidance promulgated after consideration of these issues could materially and adversely affect the tax consequences of an investment\n in the Auto-Callable Trigger PLUS, possibly with retroactive effect. You should consult your tax advisor regarding the U.S. federal income\n tax consequences of an investment in the Auto-Callable Trigger PLUS, including possible alternative treatments and the issues presented\n 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, 2027 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 Auto-Callable Trigger PLUS do not have a “delta of one” within the meaning of the regulations,\n our special tax counsel is of the opinion that these regulations should not apply to the Auto-Callable Trigger PLUS with regard to non-U.S.\n holders. Our determination is not binding on the IRS, and the IRS may disagree with this determination. Section 871(m) is complex and\n its application may depend on your particular circumstances, including whether you enter into other transactions with respect to an regarding\n the potential application of Section 871(m) to the Auto-Callable Trigger PLUS.

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

	Underlying Security.\n You should consult your tax advisor
Trustee:	The Bank of New York Mellon
Use of proceeds and hedging:	\n The net proceeds we receive from the sale of the Auto-Callable Trigger\n PLUS will be used for various corporate purposes as set forth in the prospectus and prospectus supplement and, in part, in connection\n with hedging our obligations under the Auto-Callable Trigger PLUS through one or more of our subsidiaries. \n \n We, through our subsidiaries or others, hedge our anticipated exposure\n in connection with the Auto-Callable Trigger PLUS by taking positions in futures and options contracts on the underlier and any other\n securities or instruments we may wish to use in connection with such hedging. Trading and other transactions by us or our affiliates could\n affect the value of the underlier, the market value of the Auto-Callable Trigger PLUS or any amounts payable on your Auto-Callable Trigger\n PLUS. For further information on our use of proceeds and hedging, see “Use of Proceeds and Hedging” in the prospectus supplement. \n
ERISA:	See “Benefit Plan Investor Considerations” in the accompanying prospectus supplement.
Validity of the Auto-Callable Trigger PLUS:	In the opinion of Davis Polk & Wardwell LLP, as special United States products counsel to Barclays Bank PLC, when the Auto-Callable 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 Auto-Callable Trigger PLUS (the “master note”), and such Auto-Callable Trigger PLUS have been delivered against payment as contemplated herein, such Auto-Callable 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 Auto-Callable 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 Auto-Callable 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 Auto-Callable Trigger PLUS. We encourage you to read the accompanying prospectus and prospectus supplement for this offering, which\ncan 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 Auto-Callable\nTrigger PLUS they sell, and Morgan Stanley Wealth Management will receive a structuring fee for each Auto-Callable Trigger PLUS, in each\ncase as specified on the cover page of this document.

September 2026

Page 23

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