Company: BCS
Filing Date: 2025-02-21
Form Type: 424B2
Source: 0001193125-25-031790
Chunk: 75

Company: BARCLAYS PLC
Filing Date: 2025-02-21
Form: 424B2
Chunk 75
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| (iii) | we would not, as a result of such series of notes being in issue, be able to have losses or deductions set                                                                                                                                            
 against the profits or gains, or profits or gains offset by the losses or deductions, of companies with which we are or would otherwise be so grouped for applicable U.K. tax purposes (whether under the group relief system current as at the Issue 
 Date or any similar system or systems having like effect as may from time to time exist),                                                                                                                                                             |

(each such change in tax law or regulation or the official application thereof, a “Tax Event”), in each of cases (A) and (B) above, at an amount equal to 100% of the principal amount of the notes being redeemed together with accrued but unpaid interest, if any, on the principal amount of the notes to be redeemed to (but excluding) the date fixed for redemption; provided that in the case of each Tax Event, the consequences of the Tax Event cannot be avoided by us taking reasonable measures available to us. In each of cases (A) and (B) above, before we give a notice of redemption pursuant to the provisions described herein under “— Tax Redemption,” we shall be required to deliver to the Trustee a written legal opinion of independent counsel of recognized standing, chosen by us, confirming that we are entitled to exercise our right of redemption pursuant to the provisions described herein under “— Tax Redemption.” Any redemption of notes pursuant to the provisions described herein under “— Tax Redemption” will also be subject to the provisions described under “— Notice of Redemption” and “— Condition to Redemption” below. Loss Absorption Disqualification Event Redemption If a Loss Absorption Regulations Event occurs on or after the Issue Date that does, or would be likely to (in the opinion of the Issuer, the PRA or the Relevant U.K. Resolution Authority (as defined in the accompanying prospectus)), result in a Loss Absorption Disqualification Event with respect to any series of the notes, we may, at our option, at any time, redeem the notes of such series, in whole of such series but not in part of such series, at an amount equal to 100% of the principal amount of the notes being redeemed together with accrued but unpaid interest, if any, on the principal amount of the notes to be redeemed to (but excluding) the date fixed for redemption. “Loss Absorption Disqualification Event” means, in respect of any series of notes, the whole or any part of the outstanding aggregate