Company: BCS
Filing Date: 2025-02-21
Form Type: 424B2
Source: 0001193125-25-031790
Chunk: 19

Company: BARCLAYS PLC
Filing Date: 2025-02-21
Form: 424B2
Chunk 19
---
 consultation with us) in accordance with the Benchmark Replacement Conforming Changes.                                           |

| Benchmark Transition Provisions | If we or our designee (in consultation with us) determine that a Benchmark Transition Event and related Benchmark Replacement Date have occurred prior                                                                                                 
 to the applicable Reference Time in respect of any determination of the Benchmark on any date, the applicable Benchmark Replacement will replace the then-current Benchmark for all purposes relating to the 2029 notes during the 2029 Notes Floating 
 Rate Period, the 2031 notes during the 2031 Notes Floating Rate Period and/or the 2036 notes during the 2036 Notes Floating Rate Period, as applicable, in respect of such determination on such date and all determinations on all subsequent dates;  
 provided that, if we or our designee (in consultation with us) are unable to or do not determine a Benchmark Replacement in accordance with the provisions below prior to 5:00 p.m. (New York time) on the relevant Interest Determination Date or if  
 there is a Derecognition Risk (as defined below), the interest rate for the related Floating Rate Interest Period will be equal to the interest rate in effect for the immediately preceding Floating Rate Interest Period or, (i) in the case of      
 the Interest Determination Date prior to the first 2029 Notes Floating                                                                                                                                                                                 |

S-13

| Rate Period Interest Payment Date, the 2029 Notes Fixed Interest Rate, (ii) in the case of the Interest Determination Date prior to the first 2031 Notes Floating Rate Period Interest Payment                                 
 Date, the 2031 Notes Fixed Interest Rate and (iii) in the case of the Interest Determination Date prior to the first 2036 Notes Floating Rate Period Interest Payment Date, the 2036 Notes Fixed Interest Rate, as applicable. |

| Benchmark Replacement | “Benchmark Replacement” means the first alternative set forth in the order below that can be determined by us or our designee (in consultation with us) as of the Benchmark Replacement Date: |

| (1) the sum of: (a) the alternate rate of interest that has been selected or recommended by the Relevant Governmental Body as the replacement for the then-current Benchmark for the applicable Corresponding Tenor 
 (if any) and (b) the Benchmark Replacement Adjustment;                                                                                                                                                              |

| (2) the sum of: (a) the ISDA Fallback Rate and (b) the Benchmark Replacement Adjustment; and |

| (3) the sum of: (a) the