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

Company: BARCLAYS PLC
Filing Date: 2025-02-21
Form: 424B2
Chunk 25
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ential debt,” “secondary-non preferential        
 debt” and “tertiary non-preferential debt” shall have the meanings given to each of them in the Insolvency Act. |

| In addition, see “Risk Factors—The Issuer is a holding company, which means that its right to participate in the assets of any of its subsidiaries (including those of BBPLC, BBUKPLC, Barclays                                                    
 Execution Services Limited or any other present or future subsidiary) upon the liquidation of such subsidiaries and the extent to which the Issuer suffers losses if it or any of its subsidiaries are subject to bank resolution proceedings, may 
 depend, amongst other things, upon the degree to which the Issuer’s loans to, and investments in, such subsidiaries are subordinated.”                                                                                                             |

| No Set-off | The notes are subject to the waiver of set-off provisions set forth under “Description of Senior Notes—No Set-off” below. |

| Tax Redemption | We may, at our option, at any time, redeem any series of the notes, in whole of such series but not in part of the series, if (A) we are required to issue definitive certificated notes in the events described under the section entitled        
 “Description of Certain Provisions relating to Debt Securities and Contingent Capital Securities—Special Situations When a Global Security Will Be Terminated” in the accompanying prospectus and, as a result, we are or                          
 would be required to pay Debt Security Additional Amounts (as defined in the accompanying prospectus) with respect to the notes of such series; or (B) we determine that a Tax Event (as defined below) occurred with respect to the notes of such 
 series, on the terms and subject to the conditions set forth below under “Description of Senior Notes—Tax Redemption.”                                                                                                                             |

| Any redemption of notes pursuant to the provisions described herein under “Description of Senior Notes —Tax Redemption” will also be subject to the provisions described under 
 “Description of Senior Notes—Notice of Redemption” and “Description of Senior Notes—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,