Company: BCS
Filing Date: 2025-02-20
Form Type: 424B2
Source: 0001193125-25-030302
Chunk: 34

Company: BARCLAYS PLC
Filing Date: 2025-02-20
Form: 424B2
Chunk 34
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 make an investment in the Securities speculative or risky. Importantly, this summary does not address all of the risks that we face. In addition to the summary below, you should consider carefully all of the information set forth in, or incorporated by reference into, this prospectus supplement and the accompanying prospectus, including the section entitled “Risk Factors” starting at page S-26, before you decide to invest in the Securities. Risks relating to the Securities being perpetual, subordinated and resettable instruments and to their credit rating

| • |     | The Securities have no scheduled maturity and you do not have the right to cause the Securities to be redeemed or  
 otherwise accelerate the repayment of the principal amount of the Securities except in very limited circumstances. |

| • |     | The Issuer is a holding company, which means that its right to participate in the assets of any of its                                                                                                                                               
 subsidiaries upon the liquidation of such subsidiaries and the extent to which the Issuer suffers losses if it or any of its subsidiaries are subject to bank resolution proceedings, may depend, amongst other things, upon the degree to which the 
 Issuer’s loans to, and investments in, such subsidiaries are subordinated.                                                                                                                                                                           |

| • |     | The interest rate on the Securities will reset on each Reset Date, which can be expected to affect the interest 
 payment on an investment in the Securities and could affect the market value of the Securities.                 |

| • |     | We may redeem the Securities or substitute the Securities or vary their terms at our option in certain 
 situations.                                                                                            |

| • |     | Our obligations under the Securities will be unsecured and subordinated, and the rights of the holders of 
 Conversion Shares will be further subordinated.                                                           |

| • |     | Holders of the Securities will have limited remedies. |

| • |     | A downgrade of the credit rating assigned by any credit rating agency to the Issuer or to the Securities could 
 adversely affect the liquidity or market value of the Securities.                                              |

Risks relating to the potential cancellation of interest on the Securities

| • |     | Interest on the Securities will be due and payable only at the sole and absolute discretion of the Issuer, and we                                                                                       
 may cancel interest payments (in whole or in part) at any time. Cancelled interest shall not be due and shall not accumulate or be payable at any time thereafter and you shall have no rights thereto. |

| • |     | In addition to our right to cancel (in