Company: BCS
Filing Date: 2025-02-19
Form Type: 424B2
Source: 0001193125-25-029335
Chunk: 64

Company: BARCLAYS PLC
Filing Date: 2025-02-19
Form: 424B2
Chunk 64
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 interest rates will be determined using the alternative methods described under “Description of Senior Notes—Calculation of the Benchmark—Benchmark Transition Provisions.”

In particular, if we or our designee (in consultation with us) determine that a Benchmark Transition Event and
related Benchmark Replacement Date have occurred, we or our designee (in consultation with us) will use the Benchmark Replacement for the purposes of determining the floating interest rates, as well as to make certain changes to the manner in which
floating interest rates are calculated or determined.

This Benchmark Replacement may result in interest payments that are lower than, or
that do not otherwise correlate over time with, the payments that would have been made on the notes if SOFR was available in its current form. Additionally, if SOFR is no longer calculated or administered, no Benchmark Replacement is calculated
(including because the same costs and risks that may lead to the discontinuation or unavailability of SOFR make the Benchmark Replacement impossible or impracticable to determine) or a Derecognition Risk arises, the floating interest rate on the
notes for the relevant Floating Rate Interest Period may accrue at the same rate as the immediately preceding Floating Rate Interest Period (or, in the case of the initial 20 Notes Floating Rate Interest Period, the
20 Notes Fixed Interest Rate, in the case of the initial 20 Notes Floating Rate Interest Period, the 20 Notes Fixed Interest Rate, in the case of the initial
20 Notes Floating Rate Interest Period, the 20 Notes Fixed Interest Rate, in the case of the initial 20 Floating Rate Notes Interest Period, the initial rate of interest which would have been
applicable to the 20 floating rate notes for the first 20 Floating Rate Notes Interest Period had the 20 floating rate notes been outstanding for a period equal in duration to the
scheduled first 20 Floating Rate Notes Interest Period but ending on (and excluding) the Issue Date (and applying the 20 Floating Rate Notes Margin), as applicable and, in the case of the
initial 20 Floating Rate Notes Interest Period, the initial rate of interest which would have been applicable to the 20 floating rate notes for the first 20 Floating
Rate Notes Interest Period had the 20 floating rate notes been outstanding for a period equal in duration to the scheduled first 20 Floating Rate Notes Interest Period but ending on (and
excluding) the Issue Date (and applying the 20 Floating Rate Notes Margin), as applicable), effectively converting the 20 notes (during the relevant 20 Notes
Floating Rate