# EDGAR Filing Document

**Accession Number:** 0000312070
**File Stem:** 0000950103-26-000095
**Filing Date:** 2026-1
**Character Count:** 9953
**Document Hash:** 32cbbeead72e44b46b8d711c2f13ecaa
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950103-26-000095.hdr.sgml**: 20260105

**ACCESSION NUMBER**: 0000950103-26-000095

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20260105

**DATE AS OF CHANGE**: 20260105

**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:** 26504635

**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 January 5, 2026

CAPPED NOTES

---

| | |
|:---|:---|
| Capped Notes Linked to a Basket of Four Technology Sector Stocks | Capped Notes Linked to a Basket of Four Technology Sector Stocks |
| **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** | An approximately equally weighted basket (the "Basket") of four technology sector stocks composed of the common stock of Advanced Micro Devices, Inc. (Nasdaq symbol: "AMD"), the common stock of Broadcom Inc. (Nasdaq symbol: "AVGO"), the ordinary shares of Credo Technology Group Holding Ltd (Nasdaq symbol: "CRDO") and the common stock of NVIDIA Corporation (Nasdaq symbol: "NVDA") (each, a "Basket Stock"). Each Basket Stock is issued by an "Underlying Company." |
| **Payout Profile at Maturity** | · 1-to-1 upside exposure to increases in the Basket, subject to the Capped Value<br>· 1-to-1 downside exposure to decreases in the Basket beyond a 20.00% decline, with 80.00% of your principal at risk<br>|
| **Capped Value** | [$12.00 to $12.40] per unit, a return of [20.00% to 24.00%] over the principal amount, to be determined on the pricing date |
| **Participation Rate** | 100% |
| **Threshold Value** | 80.00% of the Starting Value of the Basket |
| **Preliminary Offering Documents** | [**http://www.sec.gov/Archives/edgar/data/312070/000095010326000085/dp239552_424b2-8191baml.htm**](http://www.sec.gov/Archives/edgar/data/312070/000095010326000085/dp239552_424b2-8191baml.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 Basket 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 Capped Value and may be less than a comparable investment directly in the
Basket Stocks.

· Changes
in the price of one Basket Stock may be offset by changes in the prices of the other Basket Stocks.

· 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 Basket
Stocks), 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 Companies 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 Companies in connection with this offering.

· You
will have no rights of a holder of the Basket Stocks, and you will not be entitled to receive shares of the Basket Stocks or dividends
or other distributions by the Underlying Companies.

· While
we, MLPF&S, BofAS or our respective affiliates may from time to time own securities of the Underlying Companies, we, MLPF&S,
BofAS and our respective affiliates do not control any Underlying Company, and have not verified any disclosure made by any Underlying
Company.

· The
payment on the notes will not be adjusted for all corporate events that could affect a Basket Stock.

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

· The
stocks included in the Basket are concentrated in one sector

· An investment
in the notes is subject to risks associated with investing in stocks in the technology sector.

· An investment
in the notes is subject to risks associated with non-U.S. companies with respect to the ordinary shares of Credo Technology Group Holding
Ltd.

· An investment
in the notes is subject to emerging markets risk with respect to the ordinary shares of Credo Technology Group Holding Ltd.

***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% | $2.00 | -80.00% |
| -50.00% | $7.00 | -30.00% |
| -30.00% | $9.00 | -10.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;-20.00%<sup>(1)</sup> | $10.00 | 0.00% |
| -10.00% | $10.00 | 0.00% |
| -5.00% | $10.00 | 0.00% |
| -3.00% | $10.00 | 0.00% |
| 0.00% | $10.00 | 0.00% |
| 2.00% | $10.20 | 2.00% |
| 3.00% | $10.30 | 3.00% |
| 5.00% | $10.50 | 5.00% |
| 10.00% | $11.00 | 10.00% |
| 20.00% | $12.00 | 20.00% |
| 22.00% | &nbsp;&nbsp;&nbsp;&nbsp;$12.20<sup>(2)</sup> | 22.00% |
| 30.00% | $12.20 | 22.00% |
| 50.00% | $12.20 | 22.00% |
| 100.00% | $12.20 | 22.00% |

---

 ****

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

(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.