Company: BCS
Filing Date: 2025-02-20
Form Type: 424B2
Source: 0001193125-25-030302
Chunk: 44

Company: BARCLAYS PLC
Filing Date: 2025-02-20
Form: 424B2
Chunk 44
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 the calculation of CET1 Capital and/or Risk Weighted Assets may negatively affect the Group’s fully loaded CET1 Ratio and thus increase the risk of a Capital Adequacy Trigger Event, which will lead to an Automatic Conversion, as a result of which holders of the Securities could lose all or part of the value of their investment in the Securities”
herein for examples of the type of factors that can affect the Group’s capital, leverage and/or MREL resources and requirements and how they are determined. Therefore, you may not be able to predict accurately the proximity of the risk of
discretionary payments on the Securities being prohibited from time to time as a result of the operation of the MDA Restrictions and/or the exercise by the PRA of its broad powers to impose prudential requirements on the Issuer. Accordingly, the
trading behavior of the Securities is not necessarily expected to follow the trading behavior of other types of securities. Any indication that a breach of the combined buffer or an exercise by the PRA of its broad powers to impose prudential
requirements may occur can be expected to have a material adverse effect on the trading price of the Securities.

PRA power to limit or cancel interest

There are additional tools that the PRA and other relevant authorities in the U.K. have, or are expected to have, available to them to
require U.K. firms to hold additional capital to address micro-prudential or macro-prudential risks as assessed by the relevant authorities in the U.K. These include, the “PRA buffer” (replacing the capital planning buffer), which may be
assessed by the PRA to cover risks over a forward-looking planning horizon, including with regard to firm-specific stresses or management and governance weaknesses. If the PRA buffer is imposed on a specific firm, it must be met separately to the
“combined buffer”, and must be met fully with CET1 capital. Failure by the Issuer to meet its PRA buffer (so long as one is imposed), could result in the

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PRA requiring the Issuer to prepare a capital restoration plan. Such capital restoration plan may impose restrictions on discretionary payments, which may result in the cancellation (in whole or
in part) of interest payments in respect of the Securities. In addition, “sectoral capital requirements” could be imposed as a macroprudential tool to increase firms’ capital requirements as a result of exposure to specific sectors
(for example, via the revised systemic risk buffer).

More generally,