Company: BCS
Filing Date: 2025-02-20
Form Type: 424B2
Source: 0001193125-25-030302
Chunk: 87

Company: BARCLAYS PLC
Filing Date: 2025-02-20
Form: 424B2
Chunk 87
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 rely on any hypothetical data.

Investors should consider these matters when making their investment decision with respect to the Securities.

The administrator of SOFR may make changes that could change the value of SOFR or discontinue SOFR respectively.

The Federal Reserve Bank of New York (or its successor) as administrator of SOFR, may make methodological or other changes that could change
the value of SOFR or any indices or rates linked to SOFR, including changes related to the method by which such rates and/or indices are calculated, eligibility criteria applicable to the transactions used to calculate such rates and/or indices, or
timing related to the publication of SOFR. In addition, an administrator may alter, discontinue or suspend calculation or dissemination of SOFR, in which case a fallback method of determining the interest rate on the Securities will apply in
accordance with the terms of the Securities (see “—Uncertainty relating to the regulation of “benchmark rates” may adversely affect the value of the Securities” below). The Federal Reserve Bank of New York has no
obligation to consider the interests of holders of the Securities when calculating, adjusting, converting, revising or discontinuing SOFR.

Uncertainty relating to the regulation of “benchmark rates” may adversely affect the value of the Securities.

Interest rates or other types of rates and indices which are deemed to be “benchmark rates” are the subject of ongoing national and
international regulatory review and reform, with further changes anticipated. These reforms have resulted in the cessation of certain benchmarks, including the U.S. dollar London Interbank Offered Rate. Other benchmarks could be eliminated entirely
or declared unrepresentative. Such reforms may cause benchmarks to perform differently than in the past, a benchmark could be eliminated entirely or declared unrepresentative, or there could be other consequences that cannot be predicted. Any such
consequence could have a material adverse effect on the Securities.

Regulations in line with the global benchmark reforms could have a
material impact on the Securities, in particular, if the methodology or other terms of the benchmark are changed in order to comply with the requirements of any such regulation. In each case, such changes could, among other things, have the effect
of reducing or increasing the rate or level, or affect the volatility of, the published rate or level of benchmarks.

More broadly, any of
the international or national reforms, or the general increase in regulatory scrutiny of benchmarks, could increase the costs and risks of administering or participating in the setting of a benchmark and complying with any