Company: BCS
Filing Date: 2025-02-20
Form Type: 424B2
Source: 0001193125-25-030302
Chunk: 62

Company: BARCLAYS PLC
Filing Date: 2025-02-20
Form: 424B2
Chunk 62
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 denominated in foreign currencies, and changes in foreign exchange rates will result in changes in the sterling equivalent value of foreign currency denominated capital
resources and Risk Weighted Assets. As a result, the Group’s fully loaded CET1 Ratio is exposed to foreign currency movements.

The
calculation of the Group’s fully loaded CET1 Ratio may also be affected by changes in applicable accounting rules, or by changes to regulatory adjustments which modify the regulatory capital impact of accounting rules. Moreover, even if changes
in applicable accounting rules, or changes to regulatory adjustments which modify accounting rules, are not yet in force as of the relevant calculation date, the PRA could require us to reflect such changes in any particular calculation of the
Group’s fully loaded CET1 Ratio.

Accordingly, accounting changes or regulatory changes may have a material adverse impact on the
Group’s calculations of regulatory capital resources and requirements, including CET1 Capital and Risk Weighted Assets, and the Group’s fully loaded CET1 Ratio.

Because of the inherent uncertainty regarding whether a Capital Adequacy Trigger Event will occur, it will be difficult to predict when, if at
all, an Automatic Conversion may occur. Accordingly, the trading behavior of the Securities is not necessarily expected to follow the trading behavior of other types of securities. Any indication that a Capital Adequacy Trigger Event (and subsequent
Automatic Conversion) may occur can be expected to have a material adverse effect on the market price of the Securities.

In addition, any
of the factors that affect the Group’s overall capital position, including those mentioned above, may in turn affect the Group’s capital, leverage and/or MREL resources, see “—The Capital Regulations impose capital and regulatory requirements that will restrict the Issuer’s ability to make discretionary distributions in certain circumstances, in which case the Issuer may reduce or cancel interest payments on the Securities. In addition, the PRA has broad powers to impose prudential requirements on the Issuer which may include requiring the Issuer to limit or cancel interest on the Securities” for a description of certain risks to the holders of a decrease in the Group’s
capital, leverage and/or MREL resources.

S-39

The Group’s fully loaded CET1 Ratio, and more generally, its overall capital position, will be affected by the Group’s business decisions and, in making such decisions, its interests may not be aligned with those of the holders of the Securities.

As discussed in “—The circumstances surrounding or triggering an Automatic Conversion are unpredictable, and there are a number of factors