Company: BCS
Filing Date: 2025-02-19
Form Type: 424B2
Source: 0001193125-25-029335
Chunk: 61

Company: BARCLAYS PLC
Filing Date: 2025-02-19
Form: 424B2
Chunk 61
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 market
infrastructure for adopting such rates, and proposed legislative solutions to address the U.S. dollar London interbank offered rate (“LIBOR”) transition, could result in reduced liquidity or increased volatility or otherwise affect the
market price of any compounded daily SOFR-referenced securities. The manner of adoption or application of SOFR-based rates in one market may differ materially compared with the application and adoption of SOFR-based rates in other markets, such as
the derivatives and loan markets, including the manner of adoption or application by the Issuer.

Investors should carefully consider how
any mismatch between the adoption of SOFR-based reference rates across these markets may impact any hedging or other financial arrangements that they may put in place in connection with any acquisition, holding or disposal of the notes.

Historical levels of SOFR are not an indication of its future levels.

The NY Federal Reserve began to publish SOFR in April 2018 and has published modeled, pre-publication
estimates of SOFR going back to 2014. Such pre-publication estimates inherently involve assumptions, estimates and approximations. Hypothetical or historical performance data and trends are not indicative of,
and have no bearing on, the potential performance of SOFR and therefore you should not rely on any such data or trends as an indicator of future performance. Since the initial publication of SOFR, daily changes in the rate have, on occasion, been
more volatile than daily changes in comparable benchmark or market rates. As a result, the return on and value of SOFR-linked debt securities may fluctuate more than floating rate debt securities that are linked to less volatile rates. The future
performance of SOFR is impossible to predict, and therefore no future performance of SOFR should be inferred from any hypothetical or historical data or trends.

S-38

Calculation of Compounded Daily SOFR includes certain delays which will limit your ability to calculate accrued interest with respect to any period.

Because SOFR in respect of a given day is not published until the USGS
Business Day immediately following such day, it is not possible to calculate accrued interest with respect to any period until after the end of such period, which may adversely affect your ability to trade the notes in the secondary market.

Interest payments due on the notes in respect of each Floating Rate Interest Period will be determined only after the end of the related
Observation Period. Therefore, holders of the notes will not know the amount of interest payable with respect to each Floating Rate Interest Period until shortly prior to the related Floating