Company: BCS
Filing Date: 2025-02-21
Form Type: 424B2
Source: 0001193125-25-031790
Chunk: 62

Company: BARCLAYS PLC
Filing Date: 2025-02-21
Form: 424B2
Chunk 62
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 if we or our
designee (in consultation with us) determine on or prior to the relevant Interest Determination Date that a Benchmark Transition Event and related Benchmark Replacement Date have occurred with respect to SOFR, then the “Benchmark Transition Provisions” set forth below will thereafter apply to all determinations of the rate of

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interest payable on the 2029 notes during the 2029 Notes Floating Rate Period, on the 2031 notes during the 2031 Notes Floating Rate Period and/or on the 2036 notes during the 2036 Notes Floating
Rate Period, as applicable.

In accordance with and subject to the Benchmark Transition Provisions, after a Benchmark Transition Event and
related Benchmark Replacement Date have occurred, the amount of interest that will be payable on the 2029 notes during each 2029 Notes Floating Rate Interest Period will be determined by reference to a rate per annum equal to the Benchmark
Replacement plus the 2029 Notes Margin, the amount of interest that will be payable on the 2031 notes during each 2031 Notes Floating Rate Interest Period will be determined by reference to a rate per annum equal to the Benchmark Replacement plus
the 2031 Notes Margin and the amount of interest that will be payable on the 2036 notes during each 2036 Notes Floating Rate Interest Period will be determined by reference to a rate per annum equal to the Benchmark Replacement plus the 2036 Notes
Margin.

Benchmark Transition Provisions

If we or our designee (in consultation with us) determine that a Benchmark Transition Event and related Benchmark Replacement Date have
occurred prior to the applicable Reference Time in respect of any determination of the Benchmark on any date, the applicable Benchmark Replacement will replace the then-current Benchmark for all purposes relating to the 2029 notes during the 2029
Notes Floating Rate Period, the 2031 notes during the 2031 Notes Floating Rate Period and/or the 2036 notes during the 2036 Notes Floating Rate Period, as applicable, in respect of such determination on such date and all determinations on all
subsequent dates; provided that, if we or our designee (in consultation with us) are unable to or do not determine a Benchmark Replacement in accordance with the provisions below prior to 5:00 p.m. (New York time) on the relevant Interest
Determination Date or if there is a Derecognition Risk (as defined below), the interest rate for the related Floating Rate Interest Period will be equal to the interest rate