Company: BCS
Filing Date: 2025-02-21
Form Type: 424B2
Source: 0001193125-25-031790
Chunk: 22

Company: BARCLAYS PLC
Filing Date: 2025-02-21
Form: 424B2
Chunk 22
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 that the administrator of the Benchmark has ceased or will cease to provide the Benchmark permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide the 
 Benchmark; or                                                                                                                                                                                                                                             |

| (3) a public statement or publication of information by the regulatory supervisor for the administrator of the Benchmark announcing that the Benchmark is no longer representative. |

| Benchmark Replacement Date | “Benchmark Replacement Date” means the earliest to occur of the following events with respect to the then-current Benchmark: |

| (1) in the case of clause (1) or (2) of the definition of “Benchmark Transition Event,” the later of (a) the date of the public statement or publication of information referenced therein and 
 (b) the date on which the administrator of the Benchmark permanently or indefinitely ceases to provide the Benchmark; or                                                                       |

| (2) in the case of clause (3) of the definition of “Benchmark Transition Event,” the date of the public statement or publication of information referenced therein. |

| For the avoidance of doubt, if the event giving rise to the Benchmark Replacement Date occurs on the same day as, but earlier than, the Reference Time in respect of any determination, the Benchmark Replacement Date will 
 be deemed to have occurred prior to the Reference Time for such determination.                                                                                                                                              |

| ISDA Fallback Rate | “ISDA Fallback Rate” means the rate that would apply for derivatives transactions referencing the ISDA Definitions to be effective upon the occurrence of an index cessation date with respect to the Benchmark for the applicable tenor 
 excluding the applicable ISDA Fallback Adjustment.                                                                                                                                                                                       |

S-16

| “ISDA Definitions” means the 2006 ISDA Definitions published by the International Swaps and Derivatives Association, Inc. (“ISDA”) or any successor thereto, as amended or supplemented from time to 
 time, or any successor definitional booklet for interest rate derivatives published from time to time.                                                                                               |

| “ISDA Fallback Adjustment” means the spread adjustment (which may be a positive or negative value or zero) that would apply for derivatives transactions referencing the ISDA Definitions to be determined upon 
 the occurrence of an index cessation event with respect to the Benchmark for the applicable tenor.                                                                                                              |

| Notice of Benchmark Replacement | We will promptly give notice of the determination of the Benchmark Replacement, the Benchmark Replacement Adjustment and any Benchmark Replacement Conforming Changes to the Trustee, any paying agent, the Calculation Agent and the