Company: BCS
Filing Date: 2025-02-21
Form Type: 424B2
Source: 0001193125-25-031790
Chunk: 63

Company: BARCLAYS PLC
Filing Date: 2025-02-21
Form: 424B2
Chunk 63
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 in effect for the immediately preceding Floating Rate Interest Period or,
(i) in the case of the Interest Determination Date prior to the first 2029 Notes Floating Rate Period Interest Payment Date, the 2029 Notes Fixed Interest Rate, (ii) in the case of the Interest Determination Date prior to the first 2031
Notes Floating Rate Period Interest Payment Date, the 2031 Notes Fixed Interest Rate and (iii) in the case of the Interest Determination Date prior to the first 2036 Notes Floating Rate Period Interest Payment Date, the 2036 Notes Fixed
Interest Rate, as applicable.

“Benchmark Replacement” means the first alternative set forth in the order below that can be
determined by us or our designee (in consultation with us) as of the Benchmark Replacement Date:

(1) the sum of: (a) the alternate
rate of interest that has been selected or recommended by the Relevant Governmental Body as the replacement for the then-current Benchmark for the applicable Corresponding Tenor (if any) and (b) the Benchmark Replacement Adjustment;
(2) the sum of: (a) the ISDA Fallback Rate and (b) the Benchmark Replacement Adjustment; and (3) the sum of: (a) the alternate rate of interest that has been selected by us or our designee (in consultation with us) as the
replacement for the then-current Benchmark for the applicable Corresponding Tenor giving due consideration to any industry-accepted rate of interest as a replacement for the then-current Benchmark for U.S. dollar-denominated floating rate notes at
such time and (b) the Benchmark Replacement Adjustment.

In connection with the implementation of a Benchmark Replacement, we or our
designee (in consultation with us) will have the right to make changes to:

(1) any Interest Determination Date, Floating Rate Period
Interest Payment Date, Reference Time, business day convention or Floating Rate Interest Period, (2) the manner, timing and frequency of determining the rate and amounts of interest that are payable on the 2029 notes during the 2029 Notes
Floating Rate Period, on the 2031 notes during the 2031 Notes Floating Rate Period or on the 2036 notes during the 2036 Notes Floating Rate Period, as the case may be, and the conventions relating to such determination and calculations with respect
to interest, (3) rounding conventions, (4) tenors, and (5) any other terms or provisions of the 2029 notes during