Filed Pursuant to Rule 424(b)(2)
Registration Statement No. 333-253693
The information in this preliminary prospectus supplement is not
complete and may be changed. This preliminary prospectus supplement and the accompanying prospectus are not an offer to sell, nor a solicitation of an offer to buy, securities in any jurisdiction where the offer or sale is not permitted.
SUBJECT TO COMPLETION
PRELIMINARY PROSPECTUS SUPPLEMENT DATED SEPTEMBER 6, 2023
Prospectus Supplement to Prospectus dated March 1, 2021
$
% Fixed-to-Floating Rate Senior Callable Notes due
20
$
% Fixed-to-Floating Rate Senior Callable Notes due 20
$
% Fixed-to-Floating Rate Senior Callable Notes due
20
$
Floating Rate Senior Callable Notes due 20
Barclays PLC
We, Barclays PLC (the
Issuer or Barclays), are issuing $ aggregate principal amount of % Fixed-to-Floating Rate Senior Callable Notes due 20 (the 20 notes),
$ aggregate principal amount of % Fixed-to-Floating Rate Senior Callable Notes due
20 (the 20 notes), $ aggregate principal amount of
% Fixed-to-Floating Rate Senior Callable Notes due 20 (the
20 notes and, together with the 20 notes and the 20 notes, the fixed-to-floating rate
notes) and $ aggregate principal amount of Floating Rate Senior Callable Notes due 20 (the floating rate notes
and, together with the fixed-to-floating rate notes, the notes).
From (and including) the Issue Date (as defined below) to (but excluding)
, 20 (the 20 Notes Par Redemption Date) (the
20 Notes Fixed Rate Period), the 20 notes will bear interest at a rate of % per annum. During
the 20 Notes Fixed Rate Period, interest will be payable semi-annually in arrear on and
in each year, commencing on , 2024. From (and including)
the 20 Notes Par Redemption Date to (but excluding) the 20 Notes Maturity Date (as defined below) (the
20 Notes Floating Rate Period), interest will accrue on the 20 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 20 Notes Floating Rate Interest Period (as defined below), plus
% per annum. During the 20 Notes Floating Rate Period, interest will be payable quarterly in arrear on
, ,
and the 20 Notes Maturity Date.
From (and including) the Issue Date to (but excluding) ,
20 (the 20 Notes Par Redemption Date) (the 20 Notes Fixed Rate
Period), the 20 notes will bear interest at a rate of % per annum. During the
20 Notes Fixed Rate Period, interest will be payable semi-annually in arrear on and
in each year, commencing on , 2024. From (and including) the
20 Notes Par Redemption Date to (but excluding) the 20 Notes Maturity Date (as defined below) (the
20 Notes Floating Rate Period), interest will accrue on the 20 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 20 Notes Floating Rate Interest Period (as defined below), plus
% per annum. During the 20 Notes Floating Rate Period, interest will be payable quarterly in arrear on
, ,
and the 20 Notes Maturity Date.
From (and including) the Issue Date to (but excluding) ,
20 (the 20 Notes Par Redemption Date) (the 20 Notes Fixed Rate Period), the
20 notes will bear interest at a rate of % per annum. During the 20 Notes Fixed Rate Period, interest
will be payable semi-annually in arrear on and in each
year, commencing on , 2024. From (and including) the 20 Notes Par Redemption Date to (but excluding) the
20 Notes Maturity Date (as defined below) (the 20 Notes Floating Rate Period), interest will accrue on the
20 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
20 Notes Floating Rate Interest Period (as defined below), plus % per annum. During the 20 Notes Floating
Rate Period, interest will be payable quarterly in arrear on ,
, and the
20 Notes Maturity Date.
From (and including) the Issue Date, interest will accrue on the floating rate
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 Floating Rate Notes Interest Period (as defined below), plus
% per annum. Interest on the floating rate notes will be payable quarterly in arrear on ,
, and
of each year, commencing on ,
and ending on the Floating Rate Notes Maturity Date (as defined below).
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.