Company: BCS
Filing Date: 2025-02-21
Form Type: 424B2
Source: 0001193125-25-031790
Chunk: 73

Company: BARCLAYS PLC
Filing Date: 2025-02-21
Form: 424B2
Chunk 73
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 notes will be made on the next succeeding Business Day, but interest on that payment will not accrue during the period from and after the Maturity Date or date of redemption or repayment. If the notes are
redeemed, unless we default on payment of the redemption price, interest will cease to accrue on the redemption date on the notes called for redemption.

Ranking

The notes will constitute our
direct, unconditional, unsecured and unsubordinated obligations ranking pari passuwithout any preference among themselves. In the event of our winding-up or administration, the notes will rank pari passuwith all our other outstanding unsecured and unsubordinated obligations, present and future, except such obligations as are preferred by operation of law.

Pursuant to the Insolvency Act, the notes will constitute ordinary non-preferential debt of the Issuer
and will rank in priority to secondary non-preferential debts and tertiary non-preferential debts. The terms “ordinary
non-preferential debt,” “secondary-non preferential debt” and “tertiary non-preferential debt” shall
have the meanings given to each of them in the Insolvency Act.

In addition, see “Risk Factors—The Issuer is a holding company, which means that its right to participate in the assets of any of its subsidiaries (including those of BBPLC, BBUKPLC, Barclays Execution Services Limited or any other present or future subsidiary) upon the liquidation of such subsidiaries and the extent to which the Issuer suffers losses if it or any of its subsidiaries are subject to bank resolution proceedings, may depend, amongst other things, upon the degree to which the Issuer’s loans to, and investments in, such subsidiaries are subordinated.”

No Set-off

Subject to applicable law, no holder of notes may exercise, claim or plead any right of set-off,
compensation, counterclaim, retention or netting in respect of any amount owed to it by us arising under, or in connection with, the notes and the Indenture and each holder of notes shall, by virtue of its holding of any notes (or any beneficial
interest therein), be deemed, to the fullest extent permitted under applicable law, to have waived all such rights of set-off, compensation, counterclaim, retention and netting. Notwithstanding the foregoing,
if any amounts due and payable to any holder of the notes by us in respect of, or arising under, the notes or the Indenture are discharged by set-off, compensation, counterclaim, retention