Company: BCS
Filing Date: 2025-02-20
Form Type: 424B2
Source: 0001193125-25-030302
Chunk: 112

Company: BARCLAYS PLC
Filing Date: 2025-02-20
Form: 424B2
Chunk 112
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 Interest Payment Dates and obligations (including the obligations arising from the exercise of any right) of the Issuer in relation to any redemption of the Securities, including (without 
 limitation) as to amounts payable on redemption and timing for payment thereof as apply from time to time to the Securities immediately prior to such substitution or variation; and                                                               |

| (C) | preserve any existing rights under the terms of the Securities to any accrued interest which has not been paid,                                                                        
 cancelled or deemed cancelled (but subject always to the right of the Issuer to cancel such accrued interest in accordance with the terms of the Compliant Securities, if applicable); |

| (iii) | are listed or admitted to trading on (i) the ISM or (ii) such other recognized stock exchange within 
 the meaning of Section 1005 of the Income Tax Act 2007; and                                          |

S-69

| (iv) | where the Securities have a published rating solicited by the Issuer from a Rating Agency immediately prior to                                                                                                    
 their substitution or variation, each such Rating Agency has assigned, or informed the Issuer by an announcement or otherwise of its intention to assign, an equal or higher published rating to such securities. |

“Rating Agency” means S&P Global Ratings UK Limited, Moody’s Investors Service Limited, Fitch Ratings Ltd or Rating and Investment Information, Inc., or any of their respective affiliates or successors. Conversion Price The Conversion Price of the Securities is fixed at $2.08 per Conversion Share, subject to certain anti-dilution adjustments, as described under “ —Anti-Dilution” below (the “Conversion Price”). On the Issue Date, the Conversion Price is equivalent to the Conversion Shares Offer Price translated into U.S. dollars at an exchange rate of £1.00 = $1.26. Automatic Conversion Upon Capital Adequacy Trigger Event If a Capital Adequacy Trigger Event occurs, then an Automatic Conversion will occur on the Conversion Date, as described under “— Automatic Conversion Procedure” below, at which point all of the Issuer’s obligations under the Securities (other than the CSO Obligations, if any) shall be irrevocably and automatically released in consideration of the Issuer’s issuance of the Conversion Shares to the Conversion Shares Depository on the Conversion Date at the Conversion Price, and under no circumstances shall such released obligations be reinstated. If the Issuer has been unable to appoint a Conversion Shares Depository, it shall make such other arrangements for the issuance and/or delivery of the