Company: BCS
Filing Date: 2025-02-20
Form Type: 424B2
Source: 0001193125-25-030302
Chunk: 108

Company: BARCLAYS PLC
Filing Date: 2025-02-20
Form: 424B2
Chunk 108
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RD, Tier 2 Capital broadly includes qualifying subordinated debt that provides loss absorption on a “gone concern” basis (i.e., capital that absorbs losses in an insolvency prior to senior creditors suffering any losses). Both Tier 1 Capital and Tier 2 Capital items are subject to deductions that are specific to each type of capital as provided under U.K.CRD. For more information, see “ Risk Factors— Risks Relating to the Securities— Changes in law may adversely affect the rights of holders of the Securities.” Tax Redemption We may, at our option, redeem the Securities, in whole but not in part, at any time, at a redemption price equal to 100% of their principal amount, together with any accrued but unpaid interest (which excludes any interest cancelled or deemed cancelled as described under “— Interest Cancellation” above) to (but excluding) the date fixed for redemption, if we determine that as a result of a change in, or amendment to, the laws or regulations of a Taxing Jurisdiction, including any treaty to which the relevant Taxing Jurisdiction is a party, or a change in an official application of those laws or regulations, including a decision of any court or tribunal, which becomes effective on or after the Issue Date (or which becomes effective on or after the date of a successor entity’s assumption of our obligations):

| (a) | we will or would be required to pay holders of the Securities Contingent Capital Additional Amounts (as defined 
 in the accompanying prospectus);                                                                                |

| (b) | we would not be entitled to claim a deduction in respect of any payments in respect of the Securities in 
 computing our taxation liabilities or the value of such deduction would be materially reduced;           |

| (c) | we would not, as a result of the Securities being in issue, be able to have losses or deductions set-off against the profits or gains, or profits or gains offset by the losses or deductions, of companies with which we are or would otherwise be so grouped for applicable U.K. tax purposes (whether under the group 
 relief system current as at the Issue Date or any similar system or systems having like effect as may from time to time exist);                                                                                                                                                                                          |

| (d) | we would, in the future, have to bring into account a taxable credit if the principal amount of the Securities 
 were written down or the Securities were converted into Conversion Shares; or                                  |

| (e) | the Securities or any part thereof would become treated as a derivative or