Company: BCS
Filing Date: 2025-08-04
Form Type: 424B2
Source: 0001193125-25-172249
Chunk: 36

Company: BARCLAYS PLC
Filing Date: 2025-08-04
Form: 424B2
Chunk 36
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 Replacement for the
purposes of determining the floating interest rates, as well as to make certain changes to the manner in which floating interest rates are calculated or determined.

This Benchmark Replacement may result in interest payments that are lower than, or that do not otherwise correlate over time with, the
payments that would have been made on the notes if SOFR was available in its current form. Additionally, if SOFR is no longer calculated or administered, no Benchmark Replacement is calculated (including because the same costs and risks that may
lead to the discontinuation or unavailability of SOFR make the Benchmark Replacement impossible or impracticable to determine) or a Derecognition Risk arises, the floating interest rate on the notes for the relevant Floating Rate Interest Period may
accrue at the same rate as the immediately preceding Floating Rate Interest Period (or, in the case of the initial 20 Notes Floating Rate Interest Period, the 20 Notes Fixed Interest Rate, in the case of the initial
20 Notes Floating Rate Interest Period, the 20 Notes Fixed Interest Rate and, in the case of the initial Floating Rate Notes Interest Period, the initial rate of interest which would have been applicable to the floating
rate notes for the first Floating Rate Notes Interest Period had the floating rate notes been outstanding for a period equal in duration to the scheduled first Floating Rate Notes Interest Period but ending on (and excluding) the Issue Date (and
applying the Floating Rate Notes Margin), as applicable), effectively converting the 20 notes (during the relevant 20 Notes Floating Rate Interest Period), the 20 notes (during the relevant 20
Notes Floating Rate Interest Period) and the floating rate notes, as applicable, into fixed rate instruments. Due to the uncertainty concerning the availability of benchmark replacements, the relevant fallback provisions may not operate as intended
at the relevant time. Any of the foregoing may have an adverse effect on the value of the notes.

The rate of interest on each series of notes during any relevant Floating Rate Interest Period may be determined by reference to a Benchmark Replacement even if SOFR continues to be published.

If a Benchmark Transition Event and related Benchmark Replacement Date occur with respect to SOFR, the rate of interest on each series of notes
during any relevant Floating Rate Interest Period thereafter will be determined by reference to the Benchmark Replacement. A Benchmark Transition Event includes, among other things, a public statement or publication of information by the regulatory
supervisor for the administrator of SOFR announcing that SOFR is no longer representative. The rate of interest on such notes