# EDGAR Filing Document

**Accession Number:** 0000312070
**File Stem:** 0000950103-23-001090
**Filing Date:** 2023-1
**Character Count:** 14005
**Document Hash:** 24a9f6014cc24fcfddd4b815999b9ddf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950103-23-001090.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0000950103-23-001090

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20230126

**DATE AS OF CHANGE**: 20230126

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BARCLAYS BANK PLC
- **CENTRAL INDEX KEY:** 0000312070
- **STANDARD INDUSTRIAL CLASSIFICATION:** COMMERCIAL BANKS, NEC [6029]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** X0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-265158
- **FILM NUMBER:** 23556649

**BUSINESS ADDRESS:**
- **STREET 1:** 1 CHURCHILL PLACE
- **STREET 2:** CANARY WHARF
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** E14 5HP
- **BUSINESS PHONE:** 0044-20-3555-4619

**MAIL ADDRESS:**
- **STREET 1:** 1 CHURCHILL PLACE
- **STREET 2:** CANARY WHARF
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** E14 5HP

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BARCLAYS BANK PLC /ENG/
- **DATE OF NAME CHANGE:** 19990402

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BARCLAYS BANK INTERNATIONAL LTD
- **DATE OF NAME CHANGE:** 19850313
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BARCLAYS BANK PLC
- **CENTRAL INDEX KEY:** 0000312070
- **STANDARD INDUSTRIAL CLASSIFICATION:** COMMERCIAL BANKS, NEC [6029]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** X0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP

**BUSINESS ADDRESS:**
- **STREET 1:** 1 CHURCHILL PLACE
- **STREET 2:** CANARY WHARF
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** E14 5HP
- **BUSINESS PHONE:** 0044-20-3555-4619

**MAIL ADDRESS:**
- **STREET 1:** 1 CHURCHILL PLACE
- **STREET 2:** CANARY WHARF
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** E14 5HP

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BARCLAYS BANK PLC /ENG/
- **DATE OF NAME CHANGE:** 19990402

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BARCLAYS BANK INTERNATIONAL LTD
- **DATE OF NAME CHANGE:** 19850313

Barclays Bank PLC has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission ("SEC") for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus dated May 23, 2022, the prospectus supplement dated June 27, 2022 and the underlying supplement dated June 27, 2022 and other documents Barclays Bank PLC has filed with the SEC for more complete information about Barclays Bank PLC and this offering. You may get these documents and other documents Barclays Bank PLC has filed for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, Barclays Bank PLC or any agent or dealer participating in this offering will arrange to send you each of these documents if you request them by calling your Barclays Bank PLC sales representative, such dealer or toll-free 1-888-227-2275 (Extension 2-3430). A copy of each of these documents may be obtained from Barclays Capital Inc., 745 Seventh Avenue—Attn: US InvSol Support, New York, NY 10019.

Free writing prospectus dated January 26, 2023 (to the Prospectus dated May 23, 2022, the Prospectus Supplement dated June 27, 2022 and the Underlying Supplement dated June 27, 2022) Filed Pursuant to Rule 433 Registration Statement No. 333-265158

**Barclays Bank PLC – Buffered PLUS Based on the Value of the EURO STOXX 50<sup>®</sup> Index due September 4, 2025**

*This document provides a summary of the terms of the Buffered PLUS. Investors must carefully review the accompanying pricing supplement, the prospectus, prospectus supplement and underlying supplement, as well as the "Risk Factors" on the following page, prior to making an investment decision.*

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| | |
|:---|:---|
| **Summary Terms** | **Buffered PLUS Payoff Diagram\*** |

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---

| | |
|:---|:---|
| **Issuer:** | Barclays Bank PLC |
| **Underlier:** | EURO STOXX 50<sup>®</sup> Index (Bloomberg ticker symbol "SX5E") |
| **Pricing date:** | February 14, 2023 |
| **Original issue date:** | February 17, 2023 |
| **Valuation date:** | August 29, 2025 |
| **Maturity date:** | September 4, 2025 |
| **Payment at maturity:** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; You will receive on the maturity date a cash payment per Buffered PLUS determined as follows:<br> · If the final underlier value is *greater than* the initial underlier value:<br> the lesser of (a) $10 + leveraged upside payment and (b) maximum payment at maturity<br> · If the final underlier value is *equal to* the initial underlier value or *less than* the initial underlier value but not by more than the buffer amount of 15%:<br> $10<br> · If the final underlier value is *less than* the initial underlier value by more than the buffer amount of 15%:<br> ($10 × underlier performance factor) + $1.50<br> *This amount will be less than the stated principal amount of $10, but will be at least $1.50. **Investors may lose up to 85% of their initial investment in the Buffered PLUS**.* |
| **Maximum payment at maturity:** | At least $13.95 per Buffered PLUS (at least 139.50% of the stated principal amount) (to be determined on the pricing date) |
| **Minimum payment at maturity:** | $1.50 per Buffered PLUS (15% of the stated principal amount) |
| **Leveraged upside payment:** | $10 × leverage factor × underlier return |
| **Leverage factor:** | 200% |
| **Buffer amount:** | 15%. As a result of the buffer amount of 15%, the value at or above which the underlier must close on the valuation date so that investors do not suffer a loss on their initial investment in the Buffered PLUS is 85% of the initial underlier value. |
| **Underlier return:** | (final underlier value – initial underlier value) / initial underlier value |
| **Underlier performance factor:** | final underlier value / initial underlier value |
| **Initial underlier value:** | The closing level of the underlier on the pricing date |
| **Final underlier value:** | The closing level of the underlier on the valuation date |
| **CUSIP / ISIN:** | 06748D477 / US06748D4777 |
| **Additional terms:** | Terms used in this document, but not defined herein, will have the meanings ascribed to them in the accompanying pricing supplement. |
| **Pricing supplement:** | [http://www.sec.gov/Archives/edgar/data/312070/<br> 000095010323001027/dp187526_424b2-4725ms.htm](http://www.sec.gov/Archives/edgar/data/312070/000095010323001027/dp187526_424b2-4725ms.htm) |
| ***Payment on the Buffered PLUS is not guaranteed by any third party and is subject to the creditworthiness of Barclays Bank PLC and the risk of exercise of any U.K. Bail-in Power by the relevant U.K. resolution authority.***<br> **** | ***Payment on the Buffered PLUS is not guaranteed by any third party and is subject to the creditworthiness of Barclays Bank PLC and the risk of exercise of any U.K. Bail-in Power by the relevant U.K. resolution authority.***<br> **** |

---

![](image_001.jpg)

**Hypothetical Payment at Maturity\***

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| | | |
|:---|:---|:---|
| **Underlier Return** | **Payment at Maturity** | **Total Return on Buffered PLUS** |
| 50.00% | $13.95 | 39.50% |
| 40.00% | $13.95 | 39.50% |
| 30.00% | $13.95 | 39.50% |
| 20.00% | $13.95 | 39.50% |
| 19.75% | $13.95 | 39.50% |
| 10.00% | $12.00 | 20.00% |
| 5.00% | $11.00 | 10.00% |
| 2.50% | $10.50 | 5.00% |
| 0.00% | $10.00 | 0.00% |
| -5.00% | $10.00 | 0.00% |
| -10.00% | $10.00 | 0.00% |
| -15.00% | $10.00 | 0.00% |
| -20.00% | $9.50 | -5.00% |
| -30.00% | $8.50 | -15.00% |
| -40.00% | $7.50 | -25.00% |
| -50.00% | $6.50 | -35.00% |
| -60.00% | $5.50 | -45.00% |
| -70.00% | $4.50 | -55.00% |
| -80.00% | $3.50 | -65.00% |
| -90.00% | $2.50 | -75.00% |
| -100.00% | $1.50 | -85.00% |
| **\* The graph and table above assume a hypothetical maximum payment at maturity of $13.95 per Buffered PLUS (139.50% of the stated principal amount) and reflect the leverage factor of 200% and the buffer amount of 15%. The actual maximum payment at maturity will be determined on the pricing date.** | **\* The graph and table above assume a hypothetical maximum payment at maturity of $13.95 per Buffered PLUS (139.50% of the stated principal amount) and reflect the leverage factor of 200% and the buffer amount of 15%. The actual maximum payment at maturity will be determined on the pricing date.** | **\* The graph and table above assume a hypothetical maximum payment at maturity of $13.95 per Buffered PLUS (139.50% of the stated principal amount) and reflect the leverage factor of 200% and the buffer amount of 15%. The actual maximum payment at maturity will be determined on the pricing date.** |

---

**Our estimated value of the Buffered PLUS on the pricing date, based on our internal pricing models, is expected to be between $9.384 and $9.584 per Buffered PLUS. The estimated value is expected to be less than the initial issue price of the Buffered PLUS. See "Additional Information Regarding Our Estimated Value of the Buffered PLUS" in the accompanying pricing supplement.**

![](image_002.jpg)

**U.K. Bail-in Power Acknowledgment:**

Notwithstanding and to the exclusion of any other term of the Buffered PLUS or any other agreements, arrangements or understandings between Barclays Bank PLC and any holder or beneficial owner of the Buffered PLUS, by acquiring the Buffered PLUS, each holder and beneficial owner of the Buffered 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.

**The Underlier**

For more information about the underlier, including historical performance information, see the accompanying pricing supplement.

**Risk Factors**

*An investment in the Buffered PLUS involves significant risks. We urge you to consult your investment, legal, tax, accounting and other advisors before you invest in the Buffered PLUS. Some of the risks that apply to an investment in the Buffered PLUS are summarized below, but we urge you to read the more detailed explanation of risks relating to the Buffered PLUS generally in the "Risk Factors" sections in the accompanying pricing supplement and the prospectus supplement. You should not purchase the Buffered PLUS unless you understand and can bear the risks of investing in the Buffered PLUS.*

***Risks Relating to the Buffered PLUS Generally***

· The
Buffered PLUS do not pay interest and provide a minimum payment at maturity of only 15% of your principal.

· The
appreciation potential of the Buffered PLUS is limited by the maximum payment at maturity.

· Any
payment on the Buffered PLUS will be determined based on the closing levels of the underlier on the dates specified.

· Investing
in the Buffered PLUS is not equivalent to investing in the underlier or the securities composing the underlier.

· The
U.S. federal income tax consequences of an investment in the Buffered PLUS are uncertain.

***Risks Relating to the Issuer***

· Any
payments on the Buffered PLUS are subject to issuer credit risk.

· 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.

***Risks Relating to the Underlier***

· Adjustments
to the underlier could adversely affect the value of the Buffered PLUS.

· Governmental
legislative or regulatory actions, such as sanctions, could adversely affect your investment in the Buffered PLUS.

· There
are risks associated with investments in securities, such as the Buffered PLUS, linked to the value of non-U.S. equity securities.

· The
Buffered PLUS do not provide direct exposure to fluctuations in exchange rates between the U.S. dollar and the euro.

***Risks Relating to Conflicts of Interest***

· Hedging
and trading activity by the issuer and its affiliates could potentially adversely affect the value of the Buffered PLUS.

· We
and our affiliates, and any dealer participating in the distribution of the Buffered PLUS, may engage in various activities or make determinations
that could materially affect your Buffered PLUS in various ways and create conflicts of interest.

***Risks Relating to the Estimated Value of the Buffered PLUS and the Secondary Market***

· The
Buffered PLUS will not be listed on any securities exchange, and secondary trading may be limited.

· The
market price of the Buffered PLUS will be influenced by many unpredictable factors.

· The
estimated value of your Buffered PLUS is expected to be lower than the initial issue price of your Buffered PLUS.

· The
estimated value of your Buffered PLUS 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 Buffered PLUS 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 Buffered PLUS is not a prediction of the prices at which you may sell your Buffered PLUS in the secondary market,
if any, and such secondary market prices, if any, will likely be lower than the initial issue price of your Buffered PLUS and may be
lower than the estimated value of your Buffered PLUS.

· The
temporary price at which we may initially buy the Buffered PLUS 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 Buffered PLUS.

**Tax Considerations**

You should review carefully the section entitled "Additional Information about the Buffered PLUS—Tax considerations" in the accompanying pricing supplement.

*In the event that any of the terms set forth or defined in this document conflict with the terms or defined terms set forth in the accompanying pricing supplement, the terms or defined terms set forth in the accompanying pricing supplement will control.*