Company: BCS
Filing Date: 2025-02-20
Form Type: 424B2
Source: 0001193125-25-030302
Chunk: 35

Company: BARCLAYS PLC
Filing Date: 2025-02-20
Form: 424B2
Chunk 35
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 whole or in part) interest payments at any time, the terms of the                                                                                                                                                 
 Securities also restrict us from making interest payments on the Securities in certain circumstances, in which case such interest shall be deemed to have been cancelled. Interest that is deemed cancelled shall not be due and shall not accumulate or 
 be payable at any time thereafter and you shall have no rights thereto.                                                                                                                                                                                  |

| • |     | The Capital Regulations impose capital and regulatory requirements that will restrict the Issuer’s ability                                                                                                                                               
 to make discretionary distributions in certain circumstances, in which case the Issuer may reduce or cancel interest payments on the Securities. In addition, the PRA has broad powers to impose prudential requirements on the Issuer which may include 
 requiring the Issuer to limit or cancel interest on the Securities.                                                                                                                                                                                      |

| • |     | As a holding company, the level of the Issuer’s Distributable Items and its available funding may be                                                        
 affected by a number of factors. Insufficient Distributable Items or funding may restrict the Issuer’s ability to make interest payments on the Securities. |

| • |     | The Securities may be traded with accrued interest, but under certain circumstances, such interest may be 
 cancelled and not paid on the relevant Interest Payment Date.                                             |

| • |     | Failure to meet the requirements of regulatory stress tests could result in the Group taking steps to improve its 
 capital position and may otherwise adversely affect the Group.                                                    |

Risks relating to the potential occurrence of an Automatic Conversion or Takeover Event

| • |     | The Securities may be subject to an Automatic Conversion and upon the occurrence of such an event you could lose 
 all or part of the value of your investment in the Securities.                                                   |

| • |     | As the Conversion Price is fixed at the time of issue of the Securities, holders will bear the risk of                      
 fluctuations in the market price of the Conversion Shares and the risk of depreciation of sterling against the U.S. dollar. |

S-24

| • |     | Issuance of the Conversion Shares to the Conversion Shares Depository shall constitute a complete, irrevocable                  
 and automatic release of all of the Issuer’s obligations in respect of the Securities (other than the CSO Obligations, if any). |

| • |     | Holders of the Securities may receive Conversion Shares Offer Consideration instead of Conversion Shares upon a                                                     
 Capital Adequacy Trigger Event and would not know the composition of any Conversion Shares Offer Consideration until