Company: BCS
Filing Date: 2025-02-20
Form Type: 424B2
Source: 0001193125-25-030302
Chunk: 209

Company: BARCLAYS PLC
Filing Date: 2025-02-20
Form: 424B2
Chunk 209
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 in which Barclays Capital Inc. or another of our affiliates resells a security that it has previously
acquired from another holder. A market-making transaction in a particular contingent capital security occurs after the original issuance and sale of the contingent capital security.

Payments

The relevant prospectus
supplement will specify the date on which we will pay interest, if any, the date, if any, for payments of principal and any premium, if any, on any particular series of contingent capital securities. The prospectus supplement will also specify the
interest rate or rates, if any, or how the rate or rates will be calculated.

Interest Cancellation

Interest Payments Discretionary

Unless
the relevant prospectus supplement provides otherwise, interest on the contingent capital securities will be due and payable only at the sole discretion of the Issuer, and the Issuer shall have sole and absolute discretion at all times and for any
reason to cancel (in whole or in part) any interest payment that would otherwise be payable on any interest payment date. If the Issuer does not make an interest payment on the relevant interest payment date (or if the Issuer elects to make a
payment of a portion, but not all, of such interest payment), such non-payment shall evidence the Issuer’s exercise of its discretion to cancel such interest payment (or the portion of such interest
payment not paid), and accordingly such interest payment (or the portion thereof not paid) shall not be due and payable.

If the Issuer
provides notice to cancel a portion, but not all, of an interest payment and the Issuer subsequently does not make a payment of the remaining portion of such interest payment on the relevant interest payment date, such
non-payment shall evidence the Issuer’s exercise of its discretion to cancel such remaining portion of the interest payment, and accordingly such remaining portion of the interest payment shall also not
be due and payable.

Because the contingent capital securities are intended to qualify in whole or in part as Additional Tier 1 Capital
under U.K. CRD, the Issuer may cancel (in whole or in part) any interest payment at its discretion and may pay dividends on its ordinary or preference shares notwithstanding such cancellation. In addition, the Issuer may use such cancelled payments
without restriction to meet its obligations as they fall due.

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See also “—Agreement to Interest Cancellation,” “—Notice of
Interest Cancellation” and “—Interest Cancellation Following a Contingent Capital Regulatory Event” below.

Restriction