Company: BCS
Filing Date: 2025-02-19
Form Type: 424B2
Source: 0001193125-25-029335
Chunk: 83

Company: BARCLAYS PLC
Filing Date: 2025-02-19
Form: 424B2
Chunk 83
---
allback Rate” means the rate that would apply for derivatives transactions referencing the ISDA Definitions to be effective
upon the occurrence of an index cessation date with respect to the Benchmark for the applicable tenor excluding the applicable ISDA Fallback Adjustment;

“Observation Period” has the meaning given to that term under “—Calculation of the Benchmark” above;

“Reference Time” means (1) if the Benchmark is Compounded Daily SOFR, for each USGS Business Day, 3:00 p.m. (New York time) on
the next succeeding USGS Business Day, and (2) if the Benchmark is not Compounded Daily SOFR, the time determined by us or our designee (in consultation with us) in accordance with the Benchmark Replacement Conforming Changes;

“Relevant Governmental Body” means the Federal Reserve and/or the Federal Reserve Bank of New York (“NY Federal Reserve”),
or a committee officially endorsed or convened by the Federal Reserve and/or the NY Federal Reserve or any successor thereto;

“SOFR” has the meaning given to that term under “—Calculation of the Benchmark” above;

“SOFR” has the meaning given to that term under “—Calculation of the Benchmark” above;

“Unadjusted Benchmark Replacement” means the Benchmark Replacement excluding the Benchmark
Replacement Adjustment;

“USGS Business Day” has the meaning given to that term under “—Calculation of the Benchmark” above.

Optional Redemption

Subject to the provisions described under “—Notice of Redemption” and “—Condition to Redemption”
below, we may redeem, at our option, (A) the 20 notes at any time outstanding, in whole or in part, at any time on or after , 2025 (six months following the Issue Date and, if any
additional 20 notes are issued after the Issue Date, except for the period of six months beginning on the issue date for any such additional 20 notes) to (but excluding)
, 20 (the “20 Notes Par Redemption Date”), at an amount equal to the higher of (i) 100% of the principal amount of the notes to be redeemed and
(ii) as determined by the Determination Agent, the sum of the present values of the principal (discounted from the 20 Notes Par Redemption Date) and remaining payments of interest to be made on any scheduled
20 Notes Fixed Rate Period Interest Payment Date to the 20 Notes Par Redemption Date for the notes to be redeemed discounted to the redemption date on a semi-