Filed pursuant to Rule 424(b)(2)
Registration Statement No. 333-253693
Prospectus Supplement to Prospectus dated March 1, 2021
$2,000,000,000 5.829%
Fixed-to-Floating Rate Resetting Senior Callable Notes due 2027
$2,000,000,000 6.224% Fixed-to-Floating Rate Resetting Senior
Callable Notes due 2034
Barclays PLC
We, Barclays PLC (the
Issuer or Barclays), are issuing $2,000,000,000 aggregate principal amount of 5.829% Fixed-to-Floating Rate Resetting Senior Callable Notes due
2027 (the 2027 notes) and $2,000,000,000 aggregate principal amount of 6.224% Fixed-to-Floating Rate Resetting Senior Callable Notes due 2034 (the 2034
notes and, together with the 2027 notes, the notes).
From (and including) the Issue Date (as defined below) to (but excluding) May 9,
2026 (the 2027 Notes Reset Date) (the 2027 Notes Fixed Rate Period), the 2027 notes will bear interest at a rate of 5.829% per annum. During the 2027 Notes Fixed Rate Period, interest will be payable semi-annually in arrear
on May 9 and November 9 in each year, commencing on November 9, 2023. From (and including) the 2027 Notes Reset Date to (but excluding) the 2027 Notes Maturity Date (as defined below) (the 2027 Notes Floating Rate Period), interest will
accrue on the 2027 notes at a floating rate equal to a benchmark rate based on Compounded Daily SOFR (as defined below), calculated in arrear as described herein and compounding daily over each 2027 Notes Floating Rate Interest Period (as defined
below), plus 2.21% per annum. During the 2027 Notes Floating Rate Period, interest will be payable quarterly in arrear on August 9, 2026, November 9, 2026, February 9, 2027, and the 2027 Notes Maturity Date.
From (and including) the Issue Date to (but excluding) May 9, 2033 (the 2034 Notes Reset Date) (the 2034 Notes Fixed Rate Period), the
2034 notes will bear interest at a rate of 6.224% per annum. During the 2034 Notes Fixed Rate Period, interest will be payable semi-annually in arrear on May 9 and November 9 in each year, commencing on November 9, 2023. From (and including) the
2034 Notes Reset Date to (but excluding) the 2034 Notes Maturity Date (as defined below) (the 2034 Notes Floating Rate Period), interest will accrue on the 2034 notes at a floating rate equal to a benchmark rate based on Compounded Daily
SOFR, calculated in arrear as described herein and compounding daily over each 2034 Notes Floating Rate Interest Period (as defined below), plus 2.98% per annum. During the 2034 Notes Floating Rate Period, interest will be payable quarterly in
arrear on August 9, 2033, November 9, 2033, February 9, 2034, and the 2034 Notes Maturity Date.
The notes will constitute our direct, unconditional,
unsecured and unsubordinated obligations ranking pari passu without any preference among themselves. In the event of our winding-up or administration, the notes will rank pari passu with all our other
outstanding unsecured and unsubordinated obligations, present and future, except such obligations as are preferred by operation of law.
We may, at our
option, redeem (i) the 2027 notes, in whole or in part, pursuant to the 2027 Notes Make-Whole Redemption (as defined below) at any time on or after November 9, 2023 (six months following the Issue Date and, if any additional 2027 notes are
issued after the Issue Date, except for the period of six months beginning on the issue date for any such additional 2027 notes) to (but excluding) May 9, 2026 (the 2027 Notes Par Redemption Date); and/ or (ii) the 2027 notes then
outstanding, in whole but not in part, on the 2027 Notes Par Redemption Date, at an amount equal to 100% of their principal amount together with accrued but unpaid interest, if any, on the principal amount of the notes to be redeemed to (but
excluding) the redemption date, on the terms and subject to the provisions set forth in this prospectus supplement under Description of Senior NotesOptional Redemption.
We may, at our option, redeem (i) the 2034 notes, in whole or in part, pursuant to the 2034 Notes Make-Whole Redemption (as defined below) at any time on
or after November 9, 2023 (six months following the Issue Date and, if any additional 2034 notes are issued after the Issue Date, except for the period of six months beginning on the issue date for any such additional 2034 notes) to (but excluding)
May 9, 2033 (the 2034 Notes Par Redemption Date and each of the 2027 Notes Par Redemption Date and the 2034 Notes Par Redemption Date, a Par Redemption Date); and/ or (ii) the 2034 notes then outstanding, in whole but
not in part, on the 2034 Notes Par Redemption Date, at an amount equal to 100% of their principal amount together with accrued but unpaid interest, if any, on the principal amount of the notes to be redeemed to (but excluding) the redemption date,
on the terms and subject to the provisions set forth in this prospectus supplement under Description of Senior NotesOptional Redemption.
We may also, at our option, at any time, redeem any series of notes, in whole of such series but not in part of the series, at an amount equal to 100% of the
principal amount of the notes being redeemed together with accrued but unpaid interest, if any, on the principal amount of the notes to be redeemed to (but excluding) the applicable redemption date, upon the occurrence of certain events related to
taxation on the terms described in this prospectus supplement under Description of Senior NotesTax Redemption. We may also, at our option, at any time, redeem any series of the notes, in whole of such series but not in part
of the series, at an amount equal to 100% of the principal amount of the notes being redeemed together with accrued but unpaid interest, if any, on the principal amount of the notes to be redeemed to (but excluding) the applicable redemption date,
upon the occurrence of certain regulatory events relating to certain minimum requirements for own funds and eligible liabilities and/or loss absorbing capacity instruments on the terms described in this prospectus supplement under
Description of Senior NotesLoss Absorption Disqualification Event Redemption. Any redemption or repurchase of the notes is subject to the provisions described in this prospectus supplement under Description of
Senior NotesCondition to Redemption and Description of Senior NotesCondition to Repurchase.