Form FWP BARCLAYS BANK PLC Filed by: BARCLAYS BANK PLC
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Free Writing Prospectus
Filed pursuant to Rule 433
Registration Statement No. 333-287303
Dated August 31, 2026
| AUTOCALLABLE STRATEGIC ACCELERATED REDEMPTION SECURITIES® (STARS®) |
| Autocallable Strategic Accelerated Redemption Securities® Linked to a Basket of Two ETFs |
| Issuer |
Barclays Bank PLC (“Barclays”). References on this page to “we,” “us” or “our” mean Barclays. |
| Principal Amount |
$10.00 per unit |
| Term |
Approximately three years, if not called on the first and second Observation Dates |
| Market Measure |
An equally weighted basket of two exchange-traded funds composed of the SPDR® Gold Trust (Bloomberg symbol: “GLD”) and the Global X Uranium ETF (Bloomberg symbol: “URA”) (each, a “Basket Component”) |
| Automatic Call |
Automatic call if the Observation Level of the Basket on any of the Observation Dates is equal to or greater than the Call Level |
| Observation Level |
The value of the Basket on the applicable Observation Date |
| Observation Dates |
Approximately one, two and three years after the pricing date |
| Call Level |
100% of the Starting Value |
| Call Amounts |
In the event of an automatic call, the amount payable
per unit will be:
· [$11.35
to $11.45] if called on the first Observation Date
· [$12.70
to $12.90] if called on the second Observation Date
· [$14.05
to $14.35] if called on the final Observation Date, each to be determined on the pricing date
|
| Payout Profile at Maturity |
If not called, 1-to-1 downside exposure to decreases in the Basket, with 100% of your principal at risk |
| Threshold Value |
100% of the Starting Value |
| Preliminary Offering Documents |
http://www.sec.gov/Archives/edgar/data/312070/000095010326013253/dp252539_424b2-9553baml.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:
| · | If the notes are not automatically called, your investment will 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 Call Premiums
and may be less than a comparable investment directly in shares of the Basket Components or the securities and/or commodity held by the
Basket Components. |
| · | Changes in the price of one Basket Component may be offset by changes in the
price of the other Basket Component. |
| · | 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 shares of the Basket Components or the securities and/or commodity held by the Basket
Components), 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 sponsor and advisor of a Basket Component may adjust the Basket Component
in a way that could adversely affect the value of the notes and the amount payable on the notes, and these entities have no obligation
to consider your interests. |
| · | You will have no rights of a holder of shares of
the Basket Components or the securities held by the Global X Uranium ETF or any rights with respect to the commodity held by the SPDR®
Gold Trust, and you will not be entitled to receive shares of the Basket Components or dividends or other distributions by the Basket
Components or the issuers of those securities. |
| · | While we, MLPF&S, BofAS or our respective affiliates
may from time to time own shares of the Basket Components or the securities
and/or commodity held by the Basket Components, we, MLPF&S, BofAS and our respective affiliates
do not control any Basket Component or the issuers of those securities, and have not verified
any disclosure made by any other company. |
| · | There are liquidity and management risks associated with the Basket Components. |
| · | The performance of a Basket Component may not correlate with the performance
of the securities or commodity held by that Basket Component as well as the net asset value per share of that Basket Component, especially
during periods of market volatility when the liquidity and the market price of shares of the Basket Component and/or the securities or
commodity held by that Basket Component may be adversely affected, sometimes materially. |
| · | If the liquidity of the commodity held by the SPDR®
Gold Trust is limited, the value of the Basket and, therefore, the return on the notes would likely
be impaired. |
| · | Suspension or disruptions of market trading in the
commodity held by the SPDR® Gold Trust may adversely affect the value of your notes. |
| · | The notes will not be regulated by the U.S. Commodity
Futures Trading Commission. |
| · | The payments on the notes will not be adjusted for
all corporate events that could affect a Basket Component. |
| · | The U.S. federal income tax consequences of an investment
in the notes are uncertain. |
| · | The securities held by the Global
X Uranium ETF are concentrated in one sector. |
| · | An investment in the notes is subject to risks associated
with the uranium industry with respect to the Global X Uranium ETF. |
| · | A limited number of stocks held by the Global
X Uranium ETF may affect its price, and the stocks held by the Global X Uranium ETF are
not necessarily representative of the uranium industry. |
| · | An investment in the notes is subject to risks relating
to non-U.S. markets with respect to the Global X Uranium ETF. |
| · | An investment in the notes is subject to risks relating
to emerging markets with respect to the Global X Uranium ETF. |
| · | The notes are subject to foreign currency exchange
rate risk with respect to the Global X Uranium ETF. |
| · | Single commodity prices tend to be more volatile than, and may not correlate
with, the prices of commodities generally. |
| · | Gold prices are characterized by high and unpredictable volatility, which
could lead to high and unpredictable volatility in the SPDR® Gold Trust . |
| · | The value of the SPDR®
Gold Trust may not fully replicate the price of gold. |
| · | There are risks relating to commodities trading on the London Bullion Market
Association. |
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.
Barclays Bank PLC (Barclays) has filed a registration statement (which includes a prospectus) with the Securities and Exchange Commission
(SEC) for the notes that are described in this Guidebook. Before you invest, you should carefully read the prospectus in that registration
statement and other documents that Barclays has filed with the SEC for more complete information about Barclays and any offering described
in this Guidebook. You may obtain these documents without cost by visiting EDGAR on the SEC Website at www.sec.gov.
Barclays's Central Index Key, or CIK, on the SEC website is 312070. Alternatively, Merrill Lynch will arrange to send you the prospectus
and other documents relating to any offering described in this document if you so request by calling toll-free 1-800-294-1322. Barclays
faces risks that are specific to its business, and we encourage you to carefully consider these risks before making an investment in
its securities.
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