Market-Linked One Look Notes with Enhanced Buffer Linked
to the Class A Common Stock of Palantir Technologies Inc.
| Issuer |
Barclays Bank PLC (“Barclays”). References on this page to “we,” “us” or “our” mean Barclays. |
| Principal Amount |
$10.00 per unit |
| Term |
Approximately 14 months |
| Market Measure |
The Class A common stock of Palantir Technologies Inc. (the “Underlying Company”) (Nasdaq symbol : “PLTR”) |
| Payout Profile at Maturity |
· If
the Ending Value is greater than or equal to 85.00% of the Starting Value, a return equal to the Step Up Payment
· 1-to-1
downside exposure to decreases in the Market Measure beyond a 15.00% decline, with 85.00% of your principal at risk |
| Step Up Payment |
[$2.60 to $3.00] per unit, a return of [26.00% to 30.00%] over the principal amount, to be determined on the pricing date |
| Threshold Value |
85.00% of the Starting Value |
| Preliminary Offering Documents |
http://www.sec.gov/Archives/edgar/data/312070/000095010326013435/
dp252644_424b2-9521baml.htm |
| Exchange Listing |
No |
You should read the relevant Preliminary Offering Documents before
you invest. Click on the Preliminary Offering Documents hyperlink above or call your Financial Advisor for a hard copy.
Risk Factors
Please see the Preliminary Offering Documents for a description of
certain risks related to this investment, including, but not limited to, the following:
| · | Depending on the performance of the Market Measure as measured shortly before the maturity date, your investment may result in a loss;
there is no guaranteed return of principal. |
| · | Your return on the notes may be less than the yield you could earn by owning a conventional fixed or floating rate debt security of
comparable maturity. |
| · | Your investment return is limited to the return represented by the Step Up Payment and may be less than a comparable investment directly
in the Market Measure. |
| · | Payments on the notes, including repayment of principal, are subject to the credit risk of Barclays and to the risk of exercise of
any U.K. Bail-in Power or any other resolution measure by the relevant U.K. resolution authority. If Barclays becomes insolvent, is unable
to pay its obligations, or any other resolution measure is exercised, you may lose your entire investment. |
| · | The initial estimated value of the notes on the pricing date is expected to be lower than their public offering price. |
| · | If you attempt to sell the notes prior to maturity, their market value may be lower than both the public offering price and the initial
estimated value of the notes on the pricing date. |
| · | A trading market is not expected to develop for the notes. |
| · | Our business, hedging and trading activities, and those of MLPF&S, BofAS and our respective affiliates (including trades in the
Market Measure), and any hedging and trading activities we, MLPF&S, BofAS or our respective affiliates engage in for our clients’
accounts, may affect the market value and return of the notes and may create conflicts of interest with you. |
| · | There may be potential conflicts of interest involving the calculation agents, which are Barclays and BofAS. |
| · | The Underlying Company will have no obligations relating to the notes, and none of us, MLPF&S or BofAS will perform any due diligence
procedures with respect to the Underlying Company in connection with this offering. |
| · | You will have no rights of a holder of the Market Measure, and you will not be entitled to receive shares of the Market Measure or
dividends or other distributions by the Underlying Company. |
| · | While we, MLPF&S, BofAS or our respective affiliates may from time to time own securities of the Underlying Company, we, MLPF&S,
BofAS and our respective affiliates do not control the Underlying Company, and have not verified any disclosure made by the Underlying
Company. |
| · | The Redemption Amount will not be adjusted for all corporate events that could affect the Market Measure. |
| · | The U.S. federal income tax consequences of an investment in the notes are uncertain. |
Final terms will be set on the pricing date within the given
range for the specified Market-Linked Investment. Please see the Preliminary Offering Documents for complete product disclosure, including
related risks and tax disclosure.
The graph above and the table below reflect
the hypothetical return on the notes, based on the terms contained in the table to the left (using the mid-point for any range(s)). The
graph and the table have been prepared for purposes of illustration only and do not take into account any tax consequences from investing
in the notes.
| Hypothetical Percentage Change from the Starting Value to the Ending Value |
Hypothetical Redemption Amount per Unit |
Hypothetical Total Rate of Return on the Notes |
| -100.00% |
$1.50 |
-85.00% |
| -50.00% |
$6.50 |
-35.00% |
| -40.00% |
$7.50 |
-25.00% |
| -30.00% |
$8.50 |
-15.00% |
| -20.00% |
$9.50 |
-5.00% |
| -15.00%(1) |
$12.80(2) |
28.00% |
| -10.00% |
$12.80 |
28.00% |
| -5.00% |
$12.80 |
28.00% |
| -3.00% |
$12.80 |
28.00% |
| 0.00% |
$12.80 |
28.00% |
| 3.00% |
$12.80 |
28.00% |
| 5.00% |
$12.80 |
28.00% |
| 10.00% |
$12.80 |
28.00% |
| 20.00% |
$12.80 |
28.00% |
| 28.00% |
$12.80 |
28.00% |
| 30.00% |
$12.80 |
28.00% |
| 50.00% |
$12.80 |
28.00% |
| 100.00% |
$12.80 |
28.00% |
| (1) | This percentage change corresponds to the Threshold Value. |
| (2) | This amount represents the sum of the principal amount and the hypothetical Step Up Payment of $2.80 per unit. Your investment
return is limited to the return represented by the Step Up Payment. |