Company: BCS
Filing Date: 2025-08-04
Form Type: 424B2
Source: 0001193125-25-172249
Chunk: 55

Company: BARCLAYS PLC
Filing Date: 2025-08-04
Form: 424B2
Chunk 55
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 successor release) is not published during the week immediately prior to the calculation date or does not contain such yields, the rate per annum equal to the semi-annual equivalent yield to
maturity of the Optional Redemption Comparable Treasury Issue, calculated using a price for the Optional Redemption Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Optional Redemption Comparable Treasury
Price for such redemption date; provided that, if the period from the redemption date to the applicable Fixed-to-Floating Rate Notes Par Redemption Date is less than one
year, the weekly average yield on actually traded U.S. Treasury securities adjusted to a constant maturity of one year will be used.

The
Optional Redemption Treasury Rate shall be calculated by the Determination Agent on the third Business Day preceding the redemption date.

In determining the Optional Redemption Treasury Rate, the below terms will have the following meaning:

“Optional Redemption Comparable Treasury Issue” means, with respect to the redemption date, the U.S. Treasury security selected by
the Determination Agent as having an actual or interpolated maturity comparable with the remaining term to the relevant Fixed-to-Floating Rate Notes Par Redemption Date,
that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities denominated in U.S. dollars and of comparable maturity to the remaining term to such Fixed-to-Floating Rate Notes Par Redemption Date.

“Optional Redemption Comparable Treasury Price” means, with respect to the redemption date, (i) the arithmetic average of the
Optional Redemption Reference Treasury Dealer Quotations for such redemption date (calculated on the third Business Day preceding such redemption date), after excluding the highest and lowest such Optional Redemption Reference Treasury Dealer
Quotations, or (ii) if fewer than five such Optional Redemption Reference Treasury Dealer Quotations are received, the arithmetic average of all such quotations, or (iii) if fewer than two such Optional Redemption Reference Treasury Dealer
Quotations are received, then such Optional Redemption Reference Treasury Dealer Quotation.

“Determination Agent” means an
investment bank or financial institution of international standing selected by the Issuer and which may be an affiliate of the Issuer.

“Optional Redemption Reference Treasury Dealer” means, with respect to the redemption date, each of up to five banks selected by the
Issuer (following, where practicable, consultation with the Determination Agent, if applicable), or the affiliates of such banks, which are (i) primary U.S. government securities dealers, and their respective successors, or (