Company: BCS
Filing Date: 2025-02-21
Form Type: 424B2
Source: 0001193125-25-031790
Chunk: 51

Company: BARCLAYS PLC
Filing Date: 2025-02-21
Form: 424B2
Chunk 51
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 notes during the 2029 Notes Floating Rate Period, on the 2031 notes during the 2031 Notes Floating Rate Period and on the 2036 notes during the 2036 Notes Floating Rate Period will be calculated using the Benchmark Replacement if a Benchmark Transition Event occurs.

To the extent SOFR is discontinued or is no longer quoted, floating 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 2029 Notes Floating Rate Interest Period, the 2029 Notes Fixed Interest Rate, in the case of the initial 2031 Notes Floating Rate
Interest Period, the 2031 Notes Fixed Interest Rate and, in the case of the initial 2036 Notes Floating Rate Interest Period, the 2036 Notes Fixed Interest Rate, as applicable), effectively converting the 2029 notes (during the relevant 2029 Notes
Floating Rate Interest Period), the 2031 notes (during the relevant 2031 Notes Floating Rate Interest Period) and the 2036 notes (during the relevant 2036 Notes Floating Rate Interest Period), as applicable, into fixed rate instruments. Due to the
uncertainty concerning the availability of benchmark replacements, the relevant fallback provisions may not operate as intended at the relevant time. Any of the foregoing may have an adverse effect on the value of the notes.

The rate of interest on each series of notes during any