Company: BCS
Filing Date: 2025-02-20
Form Type: 424B2
Source: 0001193125-25-030302
Chunk: 145

Company: BARCLAYS PLC
Filing Date: 2025-02-20
Form: 424B2
Chunk 145
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 payments with respect to the Securities and distributions with respect to Conversion Shares will be treated as dividends to the extent of the
Issuer’s current or accumulated earnings and profits as determined for U.S. federal income tax purposes. Subject to the discussion under “—PFIC Considerations” below, any portion of such a payment in excess of the
Issuer’s current and accumulated earnings and profits would be treated first as a nontaxable return of capital that would reduce your tax basis in the Securities or Conversion Shares, as applicable, and would thereafter be treated as capital
gain, the tax treatment of which is discussed below under “—Sale or Redemption of the Securities and Conversion Shares or Cancellation of the Securities pursuant to the U.K. Bail-inPower.” Because the Issuer does not currently maintain calculations of its earnings and profits under U.S. federal income tax principles, it is expected that all interest payments on the Securities and distributions on the Conversion Shares
will generally be reported to U.S. holders as dividends.

Subject to the discussion under “—PFIC Considerations”
below, if you are a non-corporate U.S. holder, interest payments we make with respect to the Securities and distributions with respect to the Conversion Shares

S-90

that are treated as dividends for U.S. federal income tax purposes generally will be qualified dividend income taxable to you at the preferential rates applicable to long-term capital gains,
provided that you are treated as holding the Securities and/or Conversion Shares for more than 60 days during the 121-day period beginning 60 days before the ex-dividend date, which is generally the relevant record date in respect of the applicable Interest Payment Date or distribution date (or, if the interest on the Securities or distributions with respect to the
Conversion Shares is attributable to a period or periods aggregating over 366 days, provided that you are treated as holding the Securities or the Conversion Shares for more than 90 days during the
181-day period beginning 90 days before such date) and meet other holding period requirements. Amounts we pay with respect to the Securities and with respect to the Conversion Shares will not be eligible
for the dividends received deduction generally allowed to U.S. corporations.

If distributions with respect to the Conversion Shares are
paid in a currency other than U.S. dollars, such amounts generally will be includible in your income in a U.S. dollar amount calculated by reference to the exchange rate in effect on the day you receive such amounts. Any gain or loss you recognize
on a subsequent sale