Company: BCS
Filing Date: 2025-02-19
Form Type: 424B2
Source: 0001193125-25-029335
Chunk: 29

Company: BARCLAYS PLC
Filing Date: 2025-02-19
Form: 424B2
Chunk 29
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 or around the Reference Time for such day (and a Benchmark Transition Event and its related Benchmark Replacement Date have not occurred), the daily 
 Secured Overnight Financing Rate in respect of the last USGS Business Day for which such rate was published on the NY Federal Reserve’s Website;                                                                |

| “SOFRi” means, in relation to any USGS Business Day “i” in the relevant Observation Period, SOFR in respect of such USGS Business Day; and |

| “USGS Business Day” means any day except for a Saturday, Sunday or a day on which the Securities Industry and Financial Markets Association or any successor thereto (“SIFMA”) recommends that the 
 fixed income departments of its members be closed for the entire day for purposes of trading in U.S. government securities.                                                                        |

S-15

| Notwithstanding clauses (1) and (2) of the definition of “SOFR” above, 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 interest payable on the 
 20     notes during the 20     Notes Floating Rate Period, on the 20     notes during the 20     Notes Floating Rate Period, on the 20                                                                                                    
 notes during the 20     Notes Floating Rate Period and/or on the floating rate notes, 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 
 20     notes during each 20   Notes Floating Rate Interest Period will be determined by reference to a rate per annum equal to the Benchmark Replacement plus the 20     Notes Margin, the                         
 amount of interest that will be payable on the 20     notes during each 20     Notes Floating Rate Interest Period will be determined by reference to a rate per annum equal to the Benchmark Replacement          
 plus the 20   Notes Margin, the amount of