Company: BCS
Filing Date: 2025-08-06
Form Type: 424B2
Source: 0001193125-25-174548
Chunk: 47

Company: BARCLAYS PLC
Filing Date: 2025-08-06
Form: 424B2
Chunk 47
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 the determination and implementation of such Benchmark Replacement in a manner substantially consistent with

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market practice (or, if we or our designee (in consultation with us) decide that implementation of any portion of such market practice is not administratively feasible or determine that no market
practice for use of the Benchmark Replacement exists, in such other manner as we or our designee (in consultation with us) determine is appropriate (acting in good faith)) (the “Benchmark Replacement Conforming Changes”). Any Benchmark
Replacement Conforming Changes will apply to the notes for all future Floating Rate Interest Periods.

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 noteholders; provided that failure to provide such
notice will have no impact on the effectiveness of, or otherwise invalidate, any such determination.

The Calculation Agent for the notes
is The Bank of New York Mellon or its successor appointed by the Issuer. All determinations, decisions, elections and any calculations made by us, the Calculation Agent or our designee for the purposes of calculating the applicable interest on the
notes will be conclusive and binding on the noteholders, us, the Trustee and any paying agent, absent manifest error. None of the Issuer, the Calculation Agent, the Trustee or any paying agent shall be responsible for determining whether manifest
error has occurred or any liability therefor. If made by our designee, such determinations, decisions, elections and calculations will be made after consulting with us, and our designees will not make any such determination, decision, election or
calculation to which we object. Notwithstanding anything to the contrary in the Indenture or the notes, any determinations, decisions, calculations or elections made in accordance with this provision will become effective without consent from the
noteholders or any other party.

Any determination, decision or election relating to the Benchmark not made by the Calculation Agent will
be made on the basis described above. The Calculation Agent shall have no liability for not making any such determination, decision or election. In addition, we may designate an entity (which may be our affiliate) to make any determination, decision
or election that we have the right to make in connection with the determination of the Benchmark.

Notwithstanding any other provision of
“Benchmark Transition Provisions” set forth above, no Benchmark Replacement will be adopted, nor will the applicable Benchmark Replacement Adjustment