Company: BCS
Filing Date: 2025-02-19
Form Type: 424B2
Source: 0001193125-25-029335
Chunk: 77

Company: BARCLAYS PLC
Filing Date: 2025-02-19
Form: 424B2
Chunk 77
---
 Notes
Margin, the amount of interest that will be payable on the 20 floating rate notes will be determined by reference to a rate per annum equal to the Benchmark Replacement plus the 20 Floating
Rate Notes Margin and the amount of interest that will be payable on the 20 floating rate notes will be determined by reference to a rate per annum equal to the Benchmark Replacement plus the
20 Floating Rate Notes Margin.

Benchmark Transition Provisions

If we or our designee (in consultation with us) determine that a Benchmark Transition Event and related Benchmark Replacement Date have
occurred prior to the applicable Reference Time in respect of any determination of the Benchmark on any date, the applicable Benchmark Replacement will replace the then-current Benchmark for all purposes relating to the
20 notes during the 20 Notes Floating Rate Period, the 20 notes during the 20 Notes Floating Rate Period, the
20 notes during the 20 Notes Floating Rate Period and/or the floating rate notes, as applicable, in respect of such determination on such date and all determinations on all subsequent dates;
provided that, if we or our designee (in consultation with us) are unable to or do not determine a Benchmark Replacement in accordance with the provisions below prior to 5:00 p.m. (New York time) on the relevant Interest Determination Date or if
there is a Derecognition Risk (as defined below), the interest rate for the related Floating Rate Interest Period will be equal to the interest rate in effect for the immediately preceding Floating Rate Interest Period or, (i) in the case of
the Interest Determination Date prior to the first 20 Notes Floating Rate Period Interest Payment Date, the 20 Notes Fixed Interest Rate, (ii) in the case of the Interest Determination
Date prior to the first 20 Notes Floating Rate Period Interest Payment Date, the 20 Notes Fixed Interest Rate, (iii) in the case of the Interest Determination Date prior to the first
20 Notes Floating Rate Period

S-49

Interest Payment Date, the 20 Notes Fixed Interest Rate, (iv) in the case of the Interest Determination Date prior to the first 20
Floating Rate Notes Interest Payment Date, the initial rate of interest which would have been applicable to the 20 floating rate notes for the first 20 Floating Rate Notes Interest Period had
the 20 floating rate notes been outstanding for a period equal in duration to the scheduled first 20 Floating Rate Notes Interest Period but ending on (and excluding) the Issue Date (and
app