Company: BCS
Filing Date: 2025-02-20
Form Type: 424B2
Source: 0001193125-25-030302
Chunk: 93

Company: BARCLAYS PLC
Filing Date: 2025-02-20
Form: 424B2
Chunk 93
---
 Securities—Special Situations When a Global Security Will Be Terminated” in the accompanying prospectus.

Payment of principal of and interest (if any) on the Securities, so long as the Securities are represented by global certificates, will be
made in immediately available funds. Beneficial interests in the global certificates will trade in the same-day funds settlement system of DTC, and secondary market trading activity in such interests will
therefore settle in same-day funds. The Issuer currently expects such trading and settlement to continue in the period between the Conversion Date and the Suspension Date.

Determination of Subsequent Interest Rate

Mid-MarketSwap Rateand fallbacks

“Five-year
Mid-Market Swap Rate Quotations” means, for any Reset Period, the arithmetic mean of the bid and offered rates for the annual fixed leg (calculated on an Actual/360 day count basis) of a fixed-for-floating

S-57

U.S. dollar interest rate swap transaction which: (i) has a term of five years commencing on the applicable Reset Date; (ii) is in an amount that is representative of a single transaction in the relevant market at the relevant time with an acknowledged dealer of good credit in the swap market; and (iii) has a floating leg based on the overnight SOFR rate compounded for 12-months(calculated on an Actual/360 day count basis). “Mid-MarketSwap Rate” means, in relation to a Reset Date and the related Reset Determination Date:

| (i) | the annual U.S. dollar mid-market swap rate with a term of five years                                                                                                                                                                                   
 where the floating leg pays daily compounded SOFR annually, which is calculated and published by ICE Benchmark Administration Limited (or any other person which takes over the administration of that rate) and appearing on the Bloomberg screen page 
 USISSO05 (or such other page as may replace such page on Bloomberg, or such other information service as may be nominated or authorized by the person providing or sponsoring the information appearing on such page for purposes of displaying         
 comparable rates) (the “Relevant Screen Page”) at approximately 11:00 a.m. (New York time) on the relevant Reset Determination Date, as determined by the Calculation Agent; and                                                                        |

| (ii) | if the Relevant Screen Page is not available or such swap rate does not appear on the Relevant Screen Page at                                                                                                                           
 such time on such Reset Determination Date (in circumstances other than those in which the Issuer has determined that a Benchmark