MB Structured Investments UK/Europe 5Y Annual Step Down to 85 Kick Out Plan (Y2 65) – December 2024 – BA9234

Barclays Bank PLC (www.barx-is.com) Call +44 (0) 20 7116 9000 for more information.

The product is designed to provide a return in the form of a cash payment on termination of the product. The timing and amount of this payment will depend on the change in value of the preference shares, which in turn will depend on the performance of the underlyings. The product has a fixed term and will terminate on the maturity date, unless terminated early. If, at maturity, the final reference level of the worst performing  underlying has fallen below its barrier level, the product may return less than the product notional amount or even zero.

Early termination following an autocall: The product will  terminate prior to the maturity date if, on any autocall observation date, the reference level of the worst performing underlying is at or above the relevant autocall barrier level. On any such early termination, you will on the immediately following autocall payment date receive a cash payment equal to the  applicable autocall payment. The relevant dates, autocall barrier  levels and autocall payments are shown in the table(s) in the key information document.

Termination on the maturity date: If the product has not  terminated early, on the maturity date you will receive:

1. if the final reference level of the worst performing underlying is at or above its barrier level, a cash payment equal to GBP 1; or

2. if the final reference level of the worst performing underlying  is below its barrier level, a cash payment directly linked to the  performance of the worst performing underlying. The cash payment will equal (i) the product notional amount multiplied by (ii) (A) the final reference level of the worst performing underlying divided by (B) its strike level.

Investors should note that the payments described above are  based on the expected value of the preference shares. Therefore any return you may receive on the product depends directly on the value of the preference shares. As such, your return is only indirectly dependent on the underlyings.

Under the product terms, certain dates specified above and below will be adjusted if the respective date is either not a business day or not a trading day (as applicable). Any adjustments may affect the return, if any, you receive.

The product terms also provide that if certain exceptional events  occur (1) adjustments may be made to the product and/or (2) the issuer may terminate the product, as applicable, early. These  events are specified in the product terms and principally relate to  the product and the issuer. The preference shares in turn contain  provisions allowing the preference shares to be adjusted or  terminated early in the case of certain exceptional events, in  particular relating to the underlyings. Any such adjustments or  early termination are likely to affect the amount and timing of  return you receive under the product, meaning the return (if any) that you receive on such early termination is likely to be different  from the scenarios described above and may be less than the  amount you invested.

The product is intended to be offered to retail investors who fulfil all of the criteria below:

1. they have the ability to make an informed investment decision  through sufficient knowledge and understanding of the product  and its specific risks and rewards, either independently or  through professional advice, and they may have experience of  investing in and/or holding a number of similar products  providing a similar market exposure;

2. they seek capital growth, expect the movement in the  underlyings to perform in a way that generates a positive return.  They have a medium investment horizon and understand that the product may terminate early;

3. they are able to bear a total loss of their initial investment,  consistent with the redemption profile of the product at maturity (market risk);

4. they accept the risk that the issuer could fail to pay or perform  its obligations under the product irrespective of the redemption profile of the product (credit risk);

5. they are willing to accept a level of risk of 5 out of 7 to achieve  potential returns, which reflects a medium-high risk (as shown in the summary risk indicator in the key information document which takes into account both market risk and credit risk).