Company: BCS
Filing Date: 2025-02-20
Form Type: 424B2
Source: 0001193125-25-030302
Chunk: 109

Company: BARCLAYS PLC
Filing Date: 2025-02-20
Form: 424B2
Chunk 109
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 an embedded derivative for U.K. tax                                                                                                                      
 purposes, (each such change in tax law or regulation or the official application thereof, a “Tax Event”); provided that, in the case of each Tax Event, the consequences of the Tax Event cannot be avoided by us taking reasonable 
 measures available to us.                                                                                                                                                                                                           |

Before we give a notice of redemption as a result of a Tax Event, we shall be required to deliver to the Trustee an opinion of independent counsel of recognized standing, chosen by us, confirming that we are entitled to exercise our right of redemption. S-67

Any redemption as a result of a Tax Event will also be subject to the provisions described
under “—Notice of Redemption” and “—Condition to Redemption” below.

Clean-UpCall

If, at any time from the fifth anniversary of the Issue Date (unless otherwise permitted by the PRA), the outstanding aggregate principal
amount of the Securities is 25% or less of the aggregate principal amount of the Securities originally issued (and, for these purposes, any additional securities referred to under “—Further Issues” shall be deemed to have been
originally issued), we may redeem all (but not some only) of the outstanding Securities at a redemption price equal to 100% of their principal amount, together with any accrued but unpaid interest (which excludes any interest cancelled or deemed
cancelled as described under “—Interest Cancellation” above) to (but excluding) the date fixed for redemption. Any such redemption will be subject, among other things, to the provisions described under “—Notice of Redemption” and “—Condition to Redemption” below.

Notice of Redemption

Any redemption of the Securities shall be subject to our giving not less than fifteen (15) days’, nor more than sixty
(60) days’, prior notice to the holders of the Securities through DTC (or, if the Securities are held in definitive form, to the holders at their addresses shown on the register for the Securities) (such notice being irrevocable except in
the limited circumstances described in the following paragraph) specifying our election to redeem the Securities and the date fixed for such redemption. Notice by DTC to participating institutions and by these participants to street name holders of
beneficial interests in the Securities will be made according to arrangements among them and may be subject to statutory or regulatory requirements. The Issuer shall not be entitled to deliver a notice of redemption after an Automatic Conversion
Notice has been delivered.

If the Issuer has elected to redeem the