Company: BCS
Filing Date: 2025-02-19
Form Type: 424B2
Source: 0001193125-25-029335
Chunk: 75

Company: BARCLAYS PLC
Filing Date: 2025-02-19
Form: 424B2
Chunk 75
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)), and all U.S. dollar amounts would be rounded to the nearest cent, with one-half cent being rounded upward.

The interest rate on the fixed-to-floating rate notes during any Fixed-to-Floating Rate Notes Floating Rate Interest Period and on the floating rate
notes will in no event be higher than the maximum rate permitted by law or lower than 0% per annum.

Calculation of the Benchmark

The “Benchmark” means, initially, Compounded Daily SOFR; provided that if a Benchmark Transition Event and related Benchmark
Replacement Date have occurred with respect to SOFR or the then-current Benchmark, then “Benchmark” means the applicable Benchmark Replacement.

“Compounded Daily SOFR” means, in relation to a Floating Rate Interest Period, the rate of return of a daily compound interest
investment (with SOFR as reference rate for the calculation of interest) during the related Observation Period and will be calculated by the Calculation Agent on the related Interest Determination Date as follows:

Where:

“d” means, in relation to any Observation Period, the number of calendar days in such Observation Period;

“d” means, in relation to any Observation Period, the number of USGS
Business Days in such Observation Period;

“i” means, in relation to any Observation Period, a series of whole numbers from one
to d, each representing the relevant USGS Business Day in chronological order from (and including) the first USGS Business Day in such Observation Period;

“n” means, in relation to any USGS Business Day “i” in the
relevant Observation Period, the number of calendar days from (and including) such USGS Business Day “i” up to (but excluding) the following USGS Business Day;

“Observation Period” means, in respect of each Floating Rate Interest Period, the period from (and including) the date which is two
USGS Business Days prior to the first day of such Floating Rate Interest Period to (but excluding) the date which is two USGS Business Days prior to the applicable Interest Payment Date for such Floating Rate Interest Period; provided that the first
Observation Period shall commence on (and include) the date which is two USGS Business Days prior to (i) with respect to the fixed-to-floating rate notes, the
relevant Fixed-to-Floating Rate Notes Par Redemption Date and (ii) with respect to the floating rate notes, the Issue Date;

“SOFR” means, in relation to any day, the rate determined by the Calculation Agent in accordance with the following