Company: BCS
Filing Date: 2025-02-20
Form Type: 424B2
Source: 0001193125-25-030302
Chunk: 100

Company: BARCLAYS PLC
Filing Date: 2025-02-20
Form: 424B2
Chunk 100
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 such cancelled payments without restriction to meet its obligations as they fall due. See also “ Interest Cancellation—Agreement to Interest Cancellation” and “ —Notice of Interest Cancellation” below. Restriction on Interest Payments Subject to the extent permitted in the following paragraph in respect of partial interest payments, the Issuer shall not make an interest payment on the Securities on any Interest Payment Date (and such interest payment shall therefore be deemed to have been cancelled and thus shall not be due and payable on such Interest Payment Date) if:

| (a) | the Issuer has an amount of Distributable Items on such Interest Payment Date that is less than the sum of                                                                                                                                         
 (i) all distributions or interest payments made or declared by the Issuer since the end of the last financial year and prior to such Interest Payment Date on or in respect of any Parity Securities, the Securities and any Junior Securities and 
 (ii) all distributions or interest payments payable by the Issuer (and not cancelled or deemed cancelled) on such Interest Payment Date (x) on the Securities and (y) on or in respect of any Parity Securities, in the case of each of            
 (i) and (ii), excluding any payments already accounted for in determining the Distributable Items; or                                                                                                                                              |

| (b) | the Solvency Condition (as defined under “—Ranking” below) is not satisfied in respect of 
 such interest payment.                                                                    |

The Issuer may, in its sole discretion, elect to make a partial interest payment on the Securities on any Interest Payment Date, only to the extent that such partial interest payment may be made without breaching the restriction in the preceding paragraph. S-62

The Issuer will be responsible for determining compliance with this restriction on interest payments and neither the Trustee nor any agent shall be required to monitor such compliance or to perform any calculations in connection therewith. See also “— Agreement to Interest Cancellation” and “— Notice of Interest Cancellation” below. Agreement to Interest Cancellation By subscribing for, purchasing or otherwise acquiring the Securities, holders of the Securities acknowledge and agree that:

| (a) | interest is payable solely at the discretion of the Issuer, and no amount of interest shall become due and                                                                                                                            
 payable in respect of the relevant interest period to the extent that it has been (x) cancelled (in whole or in part) by the Issuer at its sole discretion and/or (y) deemed cancelled (in whole or in part) as a result