Company: BCS
Filing Date: 2025-02-20
Form Type: 424B2
Source: 0001193125-25-030302
Chunk: 82

Company: BARCLAYS PLC
Filing Date: 2025-02-20
Form: 424B2
Chunk 82
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quacy Trigger Event, the price of the Issuer’s ordinary shares may be more volatile if the Issuer is trending toward a Capital Adequacy Trigger Event.

There may not be any trading market for the Securities.

The Securities are a new issue of securities and have no established trading market. If the Securities are traded after their initial issuance,
they may trade at a discount to their initial offering price, depending upon prevailing interest rates, the market for similar securities, general economic conditions and the financial condition of the Issuer. Although application will be made to
have the Securities admitted to listing and to trading on the ISM, there can be no assurance that an active trading market will develop. Even if an active trading market does develop, it may not be liquid and may not continue for the term of the
Securities. In addition, the ability of the underwriters to make a market in the Securities may be impacted by changes in regulatory requirements applicable to the marketing, holding and trading of, and issuing quotations with respect to, the
Securities. The liquidity and the market prices for the Securities can be expected to vary with changes in market and economic conditions, the Group’s financial condition and prospects and other factors that generally influence the market
prices of securities. If the secondary market for the Securities is limited, there may be few buyers and this may reduce the relevant market price of the Securities.

There can be no assurance that events in the U.K. or elsewhere will not cause market volatility or that such volatility will not adversely
affect the price of the Securities or that economic and market conditions will not have any other adverse effect on the Securities.

A downgrade of the credit rating assigned by any credit rating agency to the Issuer or to the Securities could adversely affect the liquidity or market value of the Securities. Credit ratings downgrades could occur as a result of, among other causes, changes in the ratings methodologies used by credit rating agencies.

Upon issuance, it is expected that the Securities will be rated by
credit rating agencies and may in the future be rated by additional credit rating agencies, although the Issuer is under no obligation to ensure that the

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Securities are rated by any credit rating agency. Credit ratings may not reflect the potential impact of all risks related to structure, market, additional factors discussed in these Risk Factors
and other factors that may affect the liquidity or market value of the Securities. A credit rating is not a recommendation to buy, sell or hold securities and may be revised, suspended or withdrawn by the credit