Company: BCS
Filing Date: 2025-02-21
Form Type: 424B2
Source: 0001193125-25-031790
Chunk: 47

Company: BARCLAYS PLC
Filing Date: 2025-02-21
Form: 424B2
Chunk 47
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 event could adversely affect the liquidity or market value of the notes (whether or not the notes had an assigned rating
prior to such event).

The gross-upobligation is limited to payments of interest.

The Issuer’s obligation to pay additional amounts on the notes in respect of any withholding or deduction for or on account of taxes in
the Taxing Jurisdiction (as defined in the accompanying prospectus) applies only to payments of interest on the notes and not to payments of principal or any premium in respect of the notes. As such, the Issuer would not be required to pay any
additional amounts to the extent any withholding or deduction for or on account of taxes in the Taxing Jurisdiction is applied to payments of principal or any premium in respect of the notes (including where the Taxing Jurisdiction treats any part
of such principal or premium as “interest” for tax purposes). Accordingly, if any such withholding or deduction were to apply to any payments of principal or premium in respect of any notes, holders shall only be entitled to the net amount
of such payment after deduction of the amount required to be withheld or deducted. The market value of the notes may be adversely affected as a result.

Risks relating to the Benchmark

SOFR is a relatively new market index

For each Floating Rate Interest Period, the interest rate on the notes is based on a daily compounded
SOFR rate calculated using the formula described in “Description of Senior Notes” below. Since SOFR is a relatively new market rate, the notes may have no established trading market when issued, and an established trading market may
never develop or may not be very liquid. If SOFR is not widely used in securities like the notes, the trading price of the notes may be lower than those of debt securities linked to rates that are more widely used. The notes may not be able to be
sold or may not be able to be sold at prices that will provide a yield comparable

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to similar investments that have a developed secondary market, and may consequently suffer from increased pricing volatility and market risk.

Market terms for debt securities indexed to SOFR, such as the spread over the index reflected in interest rate provisions and the formula and
related conventions described in “Description of Senior Notes” below to calculate Compounded Daily SOFR for the notes, may evolve over time, and trading prices of the notes may be lower than those of later-issued SOFR-linked debt
securities which contain more settled and different market terms as a result. In particular