Company: BCS
Filing Date: 2025-02-20
Form Type: 424B2
Source: 0001193125-25-030302
Chunk: 104

Company: BARCLAYS PLC
Filing Date: 2025-02-20
Form: 424B2
Chunk 104
---
 on issuing indebtedness which would constitute the claims of Senior Creditors.

In addition, the Issuer is a holding company
that currently has no significant assets other than its loans to, and investment in, its subsidiaries, including BBPLC and BBUKPLC. As a holder of ordinary shares in BBPLC or BBUKPLC (or any of its other subsidiaries), the Issuer’s right to
participate in the assets of BBPLC or BBUKPLC (or any other subsidiary) if such subsidiary is liquidated will be subject to the prior claims of such subsidiary’s third party creditors and preference shareholders, except in the limited
circumstance where the Issuer is a creditor with claims that are recognized to be ranked pari passuwith such claims of other of the subsidiary’s third party creditors and/or preference shareholders against such subsidiary. See
“Risk Factors—Risks Relating to the Securities—The Issuer is a holding company, which means that its right to participate in the assets of any of its subsidiaries (including those of BBPLC, BBUKPLC, Barclays Execution Services Limited or any other present or future subsidiary) upon the liquidation of such subsidiaries and the extent to which the Issuer suffers losses if it or any of its subsidiaries are subject to bank resolution proceedings, may depend, amongst other things, upon the degree to which the Issuer’s loans to, and investments in, such subsidiaries are subordinated.”

No Set-off

Subject to applicable law, no holder of Securities may exercise, claim or plead any right of
set-off, compensation, counterclaim, retention or netting in respect of any amount owed to it by us arising under, or in connection with, the Securities and the Indenture and each holder of Securities shall,
by virtue of its holding of any Security (or any beneficial interest therein), be deemed, to the fullest extent permitted under applicable law, to have waived all such rights of set-off, compensation,
counterclaim, retention and netting. Notwithstanding the foregoing, if any amounts due and payable to any holder of the Securities by us in respect of, or arising under, the Securities or the Indenture are discharged by set-off, compensation, counterclaim, retention or netting, such holder shall, subject to applicable law, immediately pay to us an amount equal to the amount of such discharge (or, in the event of our winding-up or administration, our liquidator or administrator, as the case may be)