Company: BCS
Filing Date: 2025-08-04
Form Type: 424B2
Source: 0001193125-25-172249
Chunk: 21

Company: BARCLAYS PLC
Filing Date: 2025-08-04
Form: 424B2
Chunk 21
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 exercise by the Relevant U.K. Resolution Authority of the resolution powers
conferred by the SRR (as defined below) or the mandatory write-down and conversion power—see “Regulatory action in the event a bank or investment firm in the Group is failing or likely to fail, including the exercise by the Relevant U.K. Resolution Authority of a variety of statutory resolution powers, could materially adversely affect the value of any notes” below. For a description of the relevant underlying regulatory background, see “Risk review—Supervision and regulation” on pages 308-320 of the 2024 Form 20-F.

During the applicable Fixed-to-FloatingRate Notes Floating Rate Period, the interest rate accruing on the fixed-to-floatingrate notes will be reset quarterly, which may result in the 20 Notes Floating Interest Rate or the 20 Notes Floating Interest Rate for any applicable Fixed-to-FloatingRate Notes Floating Rate Interest Period, to be lower than the 20 Notes Fixed Interest Rate or the 20 Notes Fixed Interest Rate, as applicable, which, in turn, can be expected to affect the interest payment on an investment in the fixed-to-floatingrate notes and could affect the market value of the fixed-to-floatingrate notes.

During the applicable Fixed Rate Period, the 20 Notes Fixed Interest Rate on the 20 notes
will be % per annum and the 20 Notes Fixed Interest Rate on the 20 notes will be % per annum. However, during the applicable Fixed-to-Floating Rate Notes Floating Rate Period, the interest rate accruing on the fixed-to-floating rate notes for each Fixed-to-Floating Rate Notes Floating Rate Interest Period, as applicable, will be reset quarterly on each Interest Determination Date such that from (and including) each
applicable Fixed-to-Floating Rate Notes Par Redemption Date, the applicable per annum interest rate accruing on the fixed-to-floating rate notes for each Fixed-to-Floating Rate Notes Floating Rate Interest Period, as applicable, will be equal
to the sum, as determined by the Calculation Agent, of a benchmark rate based on the Compounded Daily SOFR calculated in arrear as described herein and compounding daily plus the 20 Notes Margin or the 20 Notes Margin, as
applicable. The 20 Notes Floating Interest Rate or the 20 Notes Floating Interest Rate, as applicable, for any applicable Fixed-to-Floating
Rate Notes Floating Rate Interest Period may be less than the 20 Notes Fixed Interest Rate or the 20 Notes Fixed Interest Rate, as applicable, which would result