Company: BCS
Filing Date: 2025-02-20
Form Type: 424B2
Source: 0001193125-25-030302
Chunk: 101

Company: BARCLAYS PLC
Filing Date: 2025-02-20
Form: 424B2
Chunk 101
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 of us having 
 insufficient Distributable Items or failing to satisfy the Solvency Condition; and                                                                                                                                                    |

| (b) | a cancellation or deemed cancellation of interest (in each case, in whole or in part) in accordance with the     
 terms of the Indenture shall not constitute a default in payment or otherwise under the terms of the Securities. |

Interest will only be due and payable on an Interest Payment Date to the extent it is not cancelled or deemed cancelled in accordance with the provisions described under “— Interest Payments Discretionary” and “— Restriction on Interest Payments” above. Any interest cancelled or deemed cancelled (in each case, in whole or in part) in the circumstances described above shall not be due and shall not accumulate or be payable at any time thereafter, and holders of the Securities shall have no rights thereto or to receive any additional interest or compensation as a result of such cancellation or deemed cancellation. The Issuer may use such cancelled payments without restriction to meet its obligations as they fall due. Notice of Interest Cancellation If practicable, we shall provide notice of any cancellation or deemed cancellation of interest (in whole or in part) to the holders of the Securities through DTC (or, if the Securities are held in definitive form, to the holders at their addresses shown on the register for the Securities) and to the Trustee directly on or prior to the relevant Interest Payment Date. If practicable, we shall endeavor to provide such notice at least five (5) Business Days prior to the relevant Interest Payment Date. Failure to provide such notice will not have any impact on the effectiveness of, or otherwise invalidate, any such cancellation or deemed cancellation of interest, or give holders of the Securities any rights as a result of such failure. Ranking The Securities will constitute our direct, unsecured and subordinated obligations, ranking pari passuwithout any preference among themselves. In the event of our winding up or administration, the rights and claims of the holders of the Securities in respect of or arising from the Securities (including any damages (if payable)) will be subordinated to the claims of Senior Creditors. If:

| (a) | an order is made, or an effective resolution is passed, for the                                                                                    
 winding-up of the Issuer (except in any such case for a solvent winding-up solely for the purpose of a merger, reconstruction or amalgamation); or |

| (b) | following the appointment of an administrator of the Issuer, the administrator gives notice that it intends to 
 declare and distribute