Company: BCS
Filing Date: 2025-02-19
Form Type: 424B2
Source: 0001193125-25-029335
Chunk: 33

Company: BARCLAYS PLC
Filing Date: 2025-02-19
Form: 424B2
Chunk 33
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| (3) the spread adjustment (which may be a positive or negative value or zero) that has been selected by us or our designee (in consultation with us) giving due consideration to industry-accepted spread adjustments (if                   
 any), or method for calculating or determining such spread adjustment, for the replacement of the then-current Benchmark with the applicable Unadjusted Benchmark Replacement for U.S. dollar-denominated floating rate notes at such time. |

| “Unadjusted Benchmark Replacement” means the Benchmark Replacement excluding the Benchmark Replacement Adjustment. |

S-18

| Benchmark Replacement Conforming Changes | In connection with the implementation of a Benchmark Replacement, we or our designee (in consultation with us) will have the right to make changes to: |

| (1) any Interest Determination Date, Floating Rate Period Interest Payment Date, Reference Time, business day convention or Floating Rate Interest Period; |

| (2) the manner, timing and frequency of determining the rate and amounts of interest that are payable on the 20     notes during the 20     Notes Floating Rate Period, on 
 the 20     notes during the 20     Notes Floating Rate Period, on the 20     notes during the 20     Notes Floating Rate Period or on the floating rate                    
 notes, as the case may be, and the conventions relating to such determination and calculations with respect to interest;                                                   |

| (3) rounding conventions; |

| (4) tenors; and |

| (5) any other terms or provisions of the 20     notes during the 20     Notes Floating Rate Period, the 20     notes during the                                                                                                                           
 20     Notes Floating Rate Period, the 20     notes during the 20     Notes Floating Rate Period or the floating rate notes, as the case may be, in each case that we or our                                                                              
 designee (in consultation with us) determine, from time to time, to be appropriate to reflect the determination and implementation of such Benchmark Replacement in a manner substantially consistent with market practice (or, if we or our designee (in 
 consultation with us) decide that implementation