Company: BCS
Filing Date: 2025-02-21
Form Type: 424B2
Source: 0001193125-25-031790
Chunk: 36

Company: BARCLAYS PLC
Filing Date: 2025-02-21
Form: 424B2
Chunk 36
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 of such subsidiary, and (ii) the
liquidator of such subsidiary would first apply the assets of such subsidiary to settle the claims of the creditors (and holders of preference shares or other tier 1 capital instruments ranking ahead of any such entity’s ordinary shares) of
such subsidiary (such creditors and holders of preference shares may include the Issuer) ranking ahead of the holders of ordinary shares of such subsidiary. Similarly, if any of the Group subsidiaries were subject to resolution proceedings
(i) the holders of notes would have no direct recourse against such subsidiary, and (ii) holders of notes themselves may also be exposed to losses pursuant to the exercise by the Relevant U.K. Resolution Authority of the resolution powers
conferred by the SRR (as defined below) or the mandatory write-down and conversion power—see “Regulatory action in the event a bank or investment firm in the Group is failing or likely to fail, including the exercise by the Relevant U.K. Resolution Authority of a variety of statutory resolution powers, could materially adversely affect the value of any notes” below. For a description of the relevant underlying regulatory background, see “Risk review—Supervision and regulation” on pages 308-320 of the 2024 Form 20-F.

During the applicable Floating Rate Period, the interest rate accruing on the notes will be reset quarterly, which may result in the 2029 Notes Floating Interest Rate, the 2031 Notes Floating Interest Rate or the 2036 Notes Floating Interest Rate for any applicable Floating Rate Interest Period, to be lower than the 2029 Notes Fixed Interest Rate, the 2031 Notes Fixed Interest Rate or the 2036 Notes Fixed Interest Rate, as applicable, which, in turn, can be expected to affect the interest payment on an investment in the notes and could affect the market value of the notes.

During the applicable Fixed Rate Period, the 2029 Notes Fixed Interest Rate on the 2029 notes will be 5.086% per annum, the 2031 Notes Fixed
Interest Rate on the 2031 notes will be 5.367% per annum and the 2036 Notes Fixed Interest Rate on the 2036 notes will be 5.785% per annum. However, during the applicable Floating Rate Period, the interest rate accruing on the notes for each
Floating Rate Interest Period, as applicable, will be reset quarterly on each Interest Determination Date such that from (and including) each applicable Par Redemption Date, the applicable per annum interest rate