Company: BCS
Filing Date: 2025-02-20
Form Type: 424B2
Source: 0001193125-25-030302
Chunk: 89

Company: BARCLAYS PLC
Filing Date: 2025-02-20
Form: 424B2
Chunk 89
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 Reset Period may result in the rate of interest for the
immediately preceding Reset Period being used. This may result in the effective application of a fixed rate for the Securities based on the rate of interest for the previous Reset Period or the Initial Interest Rate, as applicable. Furthermore, if
the Issuer determines it is not able to follow the prescribed steps set out in the terms of the Securities or that following such steps prejudices or, in certain circumstances, could reasonably be expected to prejudice, the then current capital or
eligible liabilities qualification of the Securities, the relevant fallback provisions may not operate as intended at the relevant time. Any such consequence could have a material adverse effect on the trading markets for the Securities, the
liquidity of the Securities and/or the value of and return on the Securities.

The terms of the Securities may require the exercise of
discretion by the Issuer or an independent adviser, as the case may be, and the making of potentially subjective judgments (including as to the occurrence or not of any events which may trigger amendments to the terms of the Securities) and/or the
amendment of the terms of the Securities without the consent of the holders of the Securities. The interests of the Issuer or those of the Independent Adviser, as applicable, in making such determinations or amendments may be adverse to the
interests of the holders of the Securities.

Moreover, any of the above matters or any other significant change to the setting or
existence of any relevant reference rate could affect the ability of the Issuer to meet its obligations under the Securities or could have a material adverse effect on the market value or liquidity of, and the amount payable under, the Securities.

S-54

USE OF PROCEEDS

After deduction of the underwriting compensation stated on the cover of this prospectus supplement and expenses payable by us estimated at
$485,000, the net proceeds from the sale of the Securities are estimated to be $1,484,515,000. We intend to use the proceeds of the offering for general corporate purposes of the Issuer and its subsidiaries and/or the Group and to strengthen further
the capital base of the Issuer and its subsidiaries and/or the Group.

S-55

DESCRIPTION OF FIXED RATE RESETTING PERPETUAL SUBORDINATED CONTINGENT CONVERTIBLE SECURITIES

The following description of the Securities supplements (and, where different from, supersedes) the description of the Securities in the accompanying prospectus. If this prospectus supplement is inconsistent with the accompanying prospectus