# EDGAR Filing Document

**Accession Number:** 0000312070
**File Stem:** 0000950103-25-016686
**Filing Date:** 2025-12
**Character Count:** 10264
**Document Hash:** 7fd7328f5eefe99edbcd5da6bce54fd1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950103-25-016686.hdr.sgml**: 20251230

**ACCESSION NUMBER**: 0000950103-25-016686

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20251230

**DATE AS OF CHANGE**: 20251230

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BARCLAYS BANK PLC
- **CENTRAL INDEX KEY:** 0000312070
- **STANDARD INDUSTRIAL CLASSIFICATION:** COMMERCIAL BANKS, NEC [6029]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 000000000
- **STATE OF INCORPORATION:** X0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-287303
- **FILM NUMBER:** 251615079

**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]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 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

Free Writing Prospectus<br> Filed pursuant to Rule 433<br> Registration Statement No. 333-287303<br> Dated December 30, 2025<br>

CAPPED LEVERAGED INDEX RETURN NOTES<sup>®</sup>(CAPPED LIRNs<sup>®</sup>)

---

| | |
|:---|:---|
| Capped Leveraged Index Return Notes<sup>®</sup> Linked to the Invesco S&P 500<sup>®</sup> Equal Weight ETF | Capped Leveraged Index Return Notes<sup>®</sup> Linked to the Invesco S&P 500<sup>®</sup> Equal Weight ETF |
| **Issuer** | Barclays Bank PLC ("Barclays"). References on this page to "we," "us" or "our" mean Barclays. |
| **Principal Amount** | $10.00 per unit |
| **Term** | Approximately two years |
| **Market Measure** | The Invesco S&P 500<sup>®</sup> Equal Weight ETF (Bloomberg symbol: "RSP") |
| **Payout Profile at Maturity** | &nbsp;&nbsp;&nbsp;&nbsp; ·  2-to-1 upside exposure to increases in the Market Measure, subject to the Capped Value<br> ·  1-to-1 downside exposure to decreases in the Market Measure beyond a 10.00% decline, with 90% of your principal at risk |
| **Capped Value** | [$11.30 to $11.70] per unit, a return of [13.00% to 17.00%] over the principal amount, to be determined on the pricing date |
| **Participation Rate** | 200% |
| **Preliminary Offering Documents** | [http://www.sec.gov/Archives/edgar/data/312070/000095010325016664/<br> dp239185_424b2-8197baml.htm](http://www.sec.gov/Archives/edgar/data/312070/000095010325016664/dp239185_424b2-8197baml.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:**

&nbsp;&nbsp;&nbsp;&nbsp;· 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.

&nbsp;&nbsp;&nbsp;&nbsp;· 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.

&nbsp;&nbsp;&nbsp;&nbsp;· Your investment return is limited to the return represented by the Capped
Value and may be less than a comparable investment directly in shares of the Market Measure or the securities held by the Market Measure.

&nbsp;&nbsp;&nbsp;&nbsp;· 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.

&nbsp;&nbsp;&nbsp;&nbsp;· The initial estimated value of the notes on the pricing date is expected to
be lower than their public offering price.

&nbsp;&nbsp;&nbsp;&nbsp;· 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.

&nbsp;&nbsp;&nbsp;&nbsp;· A trading market is not expected to develop for the notes.

&nbsp;&nbsp;&nbsp;&nbsp;· Our business, hedging and trading activities, and those of MLPF&S, BofAS
and our respective affiliates (including trades in shares of the Market Measure or the securities held by 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.

&nbsp;&nbsp;&nbsp;&nbsp;· There may be potential conflicts of interest involving the calculation agents,
which are Barclays and BofAS.

&nbsp;&nbsp;&nbsp;&nbsp;· The sponsor and advisor of the Market Measure may adjust the Market Measure
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.

&nbsp;&nbsp;&nbsp;&nbsp;· You will have no rights of a holder of shares of the Market Measure or the
securities held by the Market Measure, and you will not be entitled to receive securities or dividends or other distributions by the issuers
of those securities.

&nbsp;&nbsp;&nbsp;&nbsp;· While we, MLPF&S, BofAS or our respective affiliates may from time to
time own shares of the Market Measure or the securities held by the Market Measure, we, MLPF&S, BofAS and our respective affiliates
do not control the Market Measure or the issuers of those securities, and have not verified any disclosure made by any other company.

&nbsp;&nbsp;&nbsp;&nbsp;· There are liquidity and management risks associated with the Market Measure.

&nbsp;&nbsp;&nbsp;&nbsp;· The performance of the Market Measure may not correlate with the performance
of the securities held by the Market Measure as well as the net asset value per share of the Market Measure, especially during periods
of market volatility when the liquidity and the market price of shares of the Market Measure and/or the securities held by the Market
Measure may be adversely affected, sometimes materially.

&nbsp;&nbsp;&nbsp;&nbsp;· The payments on the notes will not be adjusted for all corporate events that
could affect the Market Measure.

&nbsp;&nbsp;&nbsp;&nbsp;· 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.***

 ****

![](image_003.jpg)

***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% | $1.00 | -90.00% |
| -50.00% | $6.00 | -40.00% |
| -30.00% | $8.00 | -20.00% |
| -20.00% | $9.00 | -10.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;-10.00%<sup>(1)</sup> | $10.00 | 0.00% |
| -5.00% | $10.00 | 0.00% |
| -3.00% | $10.00 | 0.00% |
| 0.00% | $10.00 | 0.00% |
| 2.00% | $10.40 | 4.00% |
| 3.00% | $10.60 | 6.00% |
| 5.00% | $11.00 | 10.00% |
| 7.50% | &nbsp;&nbsp;&nbsp;&nbsp;$11.50<sup>(2)</sup> | 15.00% |
| 10.00% | $11.50 | 15.00% |
| 20.00% | $11.50 | 15.00% |
| 30.00% | $11.50 | 15.00% |
| 50.00% | $11.50 | 15.00% |
| 100.00% | $11.50 | 15.00% |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) This hypothetical percentage change corresponds to the Threshold Value.

&nbsp;&nbsp;&nbsp;&nbsp;(2) The Redemption Amount per unit cannot exceed the hypothetical Capped Value.

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 <u>www.sec.gov</u>. 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.