The Common Stock of Marvell Technology, Inc. (Bloomberg ticker: MRVL UW <Equity>) (the Reference Asset) 60.00% of the Initial Value 60.00% of its Initial Value Contingent Coupon Amount: $36.50 per quarter (based on 14.60% per annum rate), to be determined on the Initial Valuation Date. Physical Delivery Amount and Fractional Share Amount: For the Reference Asset, (a) the Physical Delivery Amount is a number of shares of the Reference Asset equal to $1,000 divided by the Initial Value, rounded down to the nearest whole number and (b) the Fractional Share Amount is equal to the number of fractional shares resulting from dividing $1,000 by the Initial Value. Selected Structure Definitions The notes cannot be redeemed for approximately the first six months after the Issue Date. If, on any Call Valuation Date, the Closing Value of the Reference Asset is greater than or equal to the Call Value, the notes will be automatically redeemed and you will receive a cash payment per $1,000 principal amount of notes on the related Call Settlement Date equal to the Redemption Price. No further amounts will be payable on the notes after the Call Settlement Date. If, on any Observation Date, the Closing Value of the Reference Asset is greater than or equal to the Coupon Barrier Value, you will receive a Contingent Coupon equal to the Contingent Coupon Amount on the related Contingent Coupon Payment Date. Otherwise, you will not receive a Contingent Coupon on such date. If the Notes are redeemed prior to scheduled maturity, and if you hold the Notes to maturity, you will receive on the Maturity Date a cash payment per $1,000 principal amount of notes (in addition to any Contingent Coupon that may be payable on such date) equal to: ● If the Final Value of the Reference Asset is greater than or equal to the Barrier Value, $1,000 per $1,000 principal amount note ● If the Final Value of the Reference Asset is less than the Barrier Value and we have not elected to exercise our physical settlement option, an amount calculated as follows: $1,000 + [$1,000 × Reference Asset Return of the Reference Asset] ● If (a) the Final Value of the Reference Asset is less than the Barrier Value and (b) we have elected to exercise our physical settlement option, you will receive, per $1,000 principal amount Note, (i) an amount of shares of the Reference Asset equal to the Applicable Physical Delivery Amount and (ii) a cash payment equal to the Applicable Fractional Share Amount multiplied by the Final Value of the Reference Asset If the Final Value of the Reference Asset is less than the Barrier Value, you will be fully exposed to the decline of the Reference Asset from the Initial Value. In such an event, if we elect to exercise our physical settlement option, the market value of the shares that you receive may be less than the amount of cash that you would have received had we not elected to exercise such option. You may lose up to 100.00% of the principal amount of your notes at maturity. $1,000 per $1,000 principal amount note that you hold, plus the Contingent Coupon that will otherwise be payable on the Call Settlement Date. All terms that are not defined in this fact sheet shall have the meanings set forth in the accompanying preliminary pricing supplement dated September 13, 2023 (the 'Pricing Supplement'). All terms set forth or defined herein, including all prices, levels, values and dates, are subject to adjustment as described in the accompanying Pricing Supplement. In the event that any of the terms set forth or defined in this fact sheet conflict with the terms as described in the accompanying Pricing Supplement, the terms described in the accompanying Pricing Supplement shall control. | Hypothetical Payment at Maturity The Closing Value of the Reference Asset on the Initial Valuation Date. The Closing Value of the Reference Asset on the Final Valuation Date. The notes are not suitable for all investors. You should read carefully the accompanying Pricing Supplement (together with all documents incorporated by reference therein) for more information on the risks associated with investing in the notes. Any payment on the notes, including any repayment of principal, is not guaranteed by any third party and is subject to (a) the creditworthiness of Barclays Bank PLC and (b) the risk of exercise of any U.K. Bail-in Power, as further described in the accompanying Pricing Supplement. |