Company: BCS
Filing Date: 2025-02-19
Form Type: 424B2
Source: 0001193125-25-029335
Chunk: 78

Company: BARCLAYS PLC
Filing Date: 2025-02-19
Form: 424B2
Chunk 78
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lying the 20 Floating Rate Notes Margin), as applicable and (v) in the case of the Interest Determination Date prior to the first 20 Floating Rate Notes Interest Payment Date, the
initial rate of interest which would have been applicable to the 20 floating rate notes for the first 20 Floating Rate Notes Interest Period had the 20 floating rate
notes been outstanding for a period equal in duration to the scheduled first 20 Floating Rate Notes Interest Period but ending on (and excluding) the Issue Date (and applying the 20 Floating
Rate Notes Margin), as applicable.

“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 alternate rate of interest that has been selected by us or our designee (in consultation with us) as the
replacement for the then-current Benchmark for the applicable Corresponding Tenor giving due consideration to any industry-accepted rate of interest as a replacement for the then-current Benchmark for U.S. dollar-denominated floating rate notes at
such time and (b) the Benchmark Replacement Adjustment.

In connection with the implementation of a Benchmark Replacement, we or our
designee (in consultation with us) will have the right to make changes to:

(1) any Interest Determination Date, Floating Rate Period
Interest Payment Date, Reference Time, business day convention or Floating Rate Interest Period, (2) the manner, timing and frequency of determining the rate and amounts of interest that are payable on the 20 notes
during the 20 Notes Floating Rate Period, on the 20 notes during the 20 Notes Floating Rate Period, on the 20 notes during the
20 Notes Floating Rate Period or on the floating rate notes, as the case may be, and the conventions relating to such determination and calculations with respect to interest, (3) rounding conventions,
(4) tenors, and (5) any other terms or provisions of the 20 notes during the 20 Notes Floating Rate Period, the