Company: BCS
Filing Date: 2025-08-06
Form Type: 424B2
Source: 0001193125-25-174548
Chunk: 19

Company: BARCLAYS PLC
Filing Date: 2025-08-06
Form: 424B2
Chunk 19
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 of the structural subordination of notes issued by the Issuer described above, if any Group subsidiary were to be
wound up, liquidated or dissolved, (i) the holders of notes would have no right to proceed against the assets of such subsidiary, and (ii) the liquidator of such subsidiary would first apply the assets of such subsidiary to settle the
claims of the creditors (and holders of preference shares or other tier 1 capital instruments ranking ahead of any such entity’s ordinary shares) of such subsidiary (such creditors and holders of preference shares may include the Issuer)
ranking ahead of the holders of ordinary shares of such subsidiary. Similarly, if any of the Group subsidiaries were subject to resolution proceedings (i) the holders of notes would have no direct recourse against such subsidiary, and
(ii) holders of notes themselves may also be exposed to losses pursuant to the exercise by the Relevant U.K. Resolution Authority of the resolution powers conferred by the SRR (as defined below) or the mandatory write-down and conversion
power—see “Regulatory action in the event a bank or investment firm in the Group is failing or likely to fail, including the exercise by the Relevant U.K. Resolution Authority of a variety of statutory resolution powers, could materially adversely affect the value of any notes” below. For a description of the relevant underlying regulatory background, see “Risk review—Supervision and regulation” on pages
308-320 of the 2024 Form 20-F.

During the applicable Fixed-to-FloatingRate Notes Floating Rate Period, the interest rate accruing on the fixed-to-floatingrate notes will be reset quarterly, which may result in the 2029 Notes Floating Interest Rate or the 2046 Notes Floating Interest Rate for any applicable Fixed-to-FloatingRate Notes Floating Rate Interest Period, to be lower than the 2029 Notes Fixed Interest Rate or the 2046 Notes Fixed Interest Rate, as applicable, which, in turn, can be expected to affect the interest payment on an investment in the fixed-to-floatingrate notes and could affect the market value of the fixed-to-floatingrate notes.

During the applicable
Fixed Rate Period, the 2029 Notes Fixed Interest Rate on the 2029 notes will be 4.476% per annum and the 2046 Notes Fixed Interest Rate on the 2046 notes will be 5.860% per annum. However, during the applicable Fixed-to-Floating Rate Notes Floating Rate Period, the interest rate accruing on the fixed-to-floating rate notes for each