Company: BCS
Filing Date: 2025-08-04
Form Type: 424B2
Source: 0001193125-25-172249
Chunk: 46

Company: BARCLAYS PLC
Filing Date: 2025-08-04
Form: 424B2
Chunk 46
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 on or prior to the relevant Interest Determination Date that a Benchmark Transition Event and related Benchmark Replacement Date have occurred with respect to SOFR, then the “Benchmark Transition Provisions” set forth below will thereafter apply to all determinations of the rate of interest payable on the 20 notes during the 20 Notes Floating Rate Period, on the 20 notes during the
20 Notes Floating Rate Period and/or on the floating rate notes, as applicable.

In accordance with and subject to the
Benchmark Transition Provisions, after a Benchmark Transition Event and related Benchmark Replacement Date have occurred, the amount of interest that will be payable on the 20 notes during each 20 Notes Floating Rate
Interest Period will be determined by reference to a rate

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per annum equal to the Benchmark Replacement plus the 20 Notes Margin, the amount of interest that will be payable on the 20 notes during each 20 Notes
Floating Rate Interest Period will be determined by reference to a rate per annum equal to the Benchmark Replacement plus the 20 Notes Margin and the amount of interest that will be payable on the floating rate notes will be determined
by reference to a rate per annum equal to the Benchmark Replacement plus the Floating Rate Notes Margin.

Benchmark Transition Provisions

If we or our designee (in consultation with us) determine that a Benchmark Transition Event and related Benchmark Replacement Date
have occurred prior to the applicable Reference Time in respect of any determination of the Benchmark on any date, the applicable Benchmark Replacement will replace the then-current Benchmark for all purposes relating to the 20 notes
during the 20 Notes Floating Rate Period, the 20 notes during the 20 Notes Floating Rate Period and/or the floating rate notes, as applicable, in respect of such determination on such date and all
determinations on all subsequent dates; provided that, if we or our designee (in consultation with us) are unable to or do not determine a Benchmark Replacement in accordance with the provisions below prior to 5:00 p.m. (New York time) on the
relevant Interest Determination Date or if there is a Derecognition Risk (as defined below), the interest rate for the related Floating Rate Interest Period will be equal to the interest rate in effect for the immediately preceding Floating Rate
Interest Period or, (i) in the case of the Interest Determination Date prior to the first 20 Notes Floating Rate Period Interest Payment Date, the 20 Notes Fixed Interest Rate, (ii) in the case of the Interest
Determination Date prior to