Company: BCS
Filing Date: 2025-02-20
Form Type: 424B2
Source: 0001193125-25-030302
Chunk: 148

Company: BARCLAYS PLC
Filing Date: 2025-02-20
Form: 424B2
Chunk 148
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 loss upon the sale or redemption of your Securities (other than a
conversion of the Securities into Conversion Shares, as discussed above) or upon the sale of your Conversion Shares in an amount equal to the difference between the amount you receive at such time and your tax basis in the Securities or Conversion
Shares (as described above), in each case as determined in U.S. dollars. Additionally, you will generally recognize a capital loss on the complete cancellation of the Securities pursuant to the U.K. Bail-in
Power in an amount equal to your tax basis in the Securities. Such capital gain or loss will be long-term capital gain or loss if you held your Securities and Conversion Shares for more than one year. Long-term capital gain of a non-corporate U.S. holder is generally taxed at preferential rates. The deductibility of capital losses is subject to limitations. Such gain or loss will generally be gain or loss from sources within the United
States for foreign tax credit purposes. U.S. holders that continue to hold equity of the Issuer following a redemption of their Securities may be subject to Section 302 of the Code, which could cause the redemption proceeds to be treated as
dividend income, and treated as described in “—Tax Characterization and Distributions on the Securities and Conversion Shares” above. Redemption proceeds received by a U.S. holder that does not own (and is not deemed to own) a
substantial proportion of the voting shares of the Issuer, or whose proportionate ownership (including deemed ownership) of such shares does not increase as a result of the redemption or a related transaction, however, are likely to be treated as
“not essentially equivalent to a dividend” under Section 302. This summary does not discuss the tax consequences to a U.S. holder of the receipt of Conversion Shares Offer Consideration that is a combination of cash and Conversion
Shares or of a partial cancellation of the Securities pursuant to the U.K. Bail-in Power. U.S. holders should consult their own tax advisers regarding the treatment of the receipt of Conversion Shares Offer
Consideration as well as how to account for proceeds received on the sale or redemption of Securities or Conversion Shares that are not paid in U.S. dollars. U.S. holders should also consult their own tax advisers regarding the consequences of a
partial cancellation of the Securities pursuant to the U.K. Bail-in Power.

Adjustment of the Conversion Price and the Conversion Shares Offer Price.The Conversion Price and the Conversion Shares Offer Price are subject to adjustment under certain circumstances.