Summary of Terms

Issuer	Barclays Bank PLC
Market Measure	S&P 500® Index (Bloomberg ticker symbol “SPX<Index>”) (the “Index”)
Pricing Date	April 29, 2024
Issue Date	May 2, 2024
Calculation Day	April 29, 2027
Stated Maturity Date	May 4, 2027
Principal Amount	$1,000 per security
Maturity Payment Amount (per security)	The maturity payment amount will equal: · If the ending level is greater than the starting level, $1,000 plus the lesser of: (i) $1,000 × index return × upside participation rate; and (ii) the maximum return · If the ending level is less than or equal to the starting level, but greater than or equal to the threshold level: $1,000 · If the ending level is less than the threshold level: $1,000 + [$1,000 × (index return + buffer amount)]
Starting Level	The closing level of the Index on the pricing date
Ending Level	The closing level of the Index on the calculation day
Maximum Return	At least 28.00% of the principal amount (at least $280.00 per security), to be determined on the pricing date
Threshold Level	80% of the starting level
Buffer Amount	20%
Upside Participation Rate	150%
Index Return	(ending level – starting level) / starting level
Calculation Agent	Barclays Bank PLC
Denominations	$1,000 and any integral multiple of $1,000
CUSIP/ISIN	06745QGD5 / US06745QGD51
Agent Discount	Up to 2.825%; dealers, including those using the trade name Wells Fargo Advisors (WFA), may receive a selling concession of 2.25% and WFA may receive a distribution expense fee of 0.075%. Selected dealers may receive a fee of up to 0.15% for marketing and other services.

Hypothetical Payout Profile*

 

 

* assumes a maximum return equal to the lowest possible maximum return that may be determined on the pricing date

If the ending level is less than the threshold level, you will have 1-to-1 downside exposure to the decrease in the level of the Index from the starting level in excess of 20% and will lose up to 80% of the principal amount of your securities at maturity.

Any payment on the securities, including any repayment of principal, is subject to the creditworthiness of Barclays Bank PLC and is not guaranteed by any third party.

Notwithstanding and to the exclusion of any other term of the securities or any other agreements, arrangements or understandings between Barclays Bank PLC and any holder or beneficial owner of the securities (or the trustee on behalf of the holders of the securities), by acquiring the securities, each holder and beneficial owner of the securities acknowledges, accepts, agrees to be bound by, and consents to the exercise of, any U.K. Bail-in Power by the relevant U.K. resolution authority. See “Consent to U.K. Bail-in Power” in the PPS.

The issuer’s estimated value of the securities on the pricing date, based on its internal pricing models, is expected to be between $924.40 and $954.40 per security. The estimated value is expected to be less than the original offering price of the securities. See “Additional Information Regarding Our Estimated Value of the Securities” in the PPS.

Investors should carefully review the accompanying PPS, product supplement, underlying supplement, prospectus supplement and prospectus before making a decision to invest in the securities.

PPS:

http://www.sec.gov/Archives/edgar/data/312070/000095010324004438/
dp208948_424b2-5856wfpps.htm

·

If The Ending Level Is Less Than The Threshold Level, You Will Lose Up To 80% Of The Principal Amount Of Your Securities At Maturity.

·

Your Return Will Be Limited To The Maximum Return And May Be Lower Than The Return On A Direct Investment In The Securities Composing The Index.

·

No Periodic Interest Will Be Paid On The Securities.

·

Any Payment On The Securities Will Be Determined Based On The Closing Levels Of The Index On The Dates Specified.

·

Owning The Securities Is Not The Same As Owning The Securities Composing The Index.

·

No Assurance That The Investment View Implicit In The Securities Will Be Successful.

·

The U.S. Federal Income Tax Consequences Of An Investment In The Securities Are Uncertain.

·

The Securities Are Subject To The Credit Risk Of Barclays Bank PLC.

·

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.

·

The Index Reflects The Price Return Of The Securities Composing The Index, Not The Total Return.

·

We Cannot Control Actions Of Any Of The Unaffiliated Companies Whose Securities Are Included As Components Of The Index.

·

We And Our Affiliates Have No Affiliation With The Index Sponsor And Have Not Independently Verified Its Public Disclosure Of Information.

·

Adjustments To The Index Could Adversely Affect The Value Of The Securities And The Amount You Will Receive At Maturity.

·

The Historical Performance Of The Index Is Not An Indication Of Its Future Performance.

·

Potentially Inconsistent Research, Opinions Or Recommendations By Barclays Capital Inc., Wells Fargo Securities, LLC Or Their Respective Affiliates.

·

We, Our Affiliates And Any Other Agent And/Or Participating Dealer May Engage In Various Activities Or Make Determinations That Could Materially Affect Your Securities In Various Ways And Create Conflicts Of Interest.

·

The Securities Will Not Be Listed On Any Securities Exchange And We Do Not Expect A Trading Market For The Securities To Develop.

·

The Value Of The Securities Prior To Maturity Will Be Affected By Numerous Factors, Some Of Which Are Related In Complex Ways.

·

The Estimated Value Of Your Securities Is Expected To Be Lower Than The Original Offering Price Of Your Securities.

·

The Estimated Value Of Your Securities Might Be Lower If Such Estimated Value Were Based On The Levels At Which Our Debt Securities Trade In The Secondary Market.

·

The Estimated Value Of The Securities Is Based On Our Internal Pricing Models, Which May Prove To Be Inaccurate And May Be Different From The Pricing Models Of Other Financial Institutions.

·

The Estimated Value Of Your Securities Is Not A Prediction Of The Prices At Which You May Sell Your Securities In The Secondary Market, If Any, And Such Secondary Market Prices, If Any, Will Likely Be Lower Than The Original Offering Price Of Your Securities And May Be Lower Than The Estimated Value Of Your Securities.

·

The Temporary Price At Which We May Initially Buy The Securities In The Secondary Market And The Value We May Initially Use For Customer Account Statements, If We Provide Any Customer Account Statements At All, May Not Be Indicative Of Future Prices Of Your Securities.