Company: BCS
Filing Date: 2025-02-20
Form Type: 424B2
Source: 0001193125-25-030302
Chunk: 22

Company: BARCLAYS PLC
Filing Date: 2025-02-20
Form: 424B2
Chunk 22
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 Contingent Convertible Securities—Interest Cancellation—Agreement to Interest Cancellation” and “—Notice of                                        
 Interest Cancellation” below.                                                                                                                                                                                                                |

| Agreement to Interest Cancellation | By subscribing for, purchasing or otherwise acquiring the Securities, holders of the Securities acknowledge and agree that: |

| (a) | interest is payable solely at the discretion of the Issuer, and no amount of interest shall become due and                                                                                                                            
 payable in respect of the relevant interest period to the extent that it has been (x) cancelled (in whole or in part) by the Issuer at its sole discretion and/or (y) deemed cancelled (in whole or in part) as a result of us having 
 insufficient Distributable Items or failing to satisfy the Solvency Condition; and                                                                                                                                                    |

| (b) | a cancellation or deemed cancellation of interest (in each case, in whole or in part) in accordance with the     
 terms of the Indenture shall not constitute a default in payment or otherwise under the terms of the Securities. |

| Interest will only be due and payable on an Interest Payment Date to the extent it is not cancelled or deemed cancelled in accordance with the                                      
 provisions described under “Description of Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities—Interest Cancellation—Interest Payments Discretionary” and 
 “—Restriction                                                                                                                                                                       |

S-13

| on Interest Payments” below. Any interest cancelled or deemed cancelled (in each case, in whole or in part) in the circumstances referred to above shall not be due and shall not                                                                  
 accumulate or be payable at any time thereafter, and holders of the Securities shall have no rights thereto or to receive any additional interest or compensation as a result of such cancellation or deemed cancellation. The Issuer may use such 
 cancelled payments without restriction to meet its obligations as they fall due.                                                                                                                                                                   |

| Ranking | The Securities will constitute our direct, unsecured and subordinated obligations, ranking pari passu without any preference among themselves. In the event of our winding up or administration, the rights and claims of the holders of the 
 Securities in respect of or arising from the Securities (including any damages (if payable)) will be subordinated to the claims of Senior Creditors.                                                                                         |

| The claim of a holder of Securities is also subject to the ranking provisions described below under “Description of Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities—Ranking.” |

| Pursuant to