New Issue: Barclays prices $175,000 floating rate notes on SOFR ICE Swap rate

By Kiku Steinfeld

Chicago, June 23 – Barclays Bank plc priced $175,000 of floating rate notes due Feb. 3, 2025 linked to the two-year U.S. Dollar SOFR ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly at a rate equal to the two-year U.S. Dollar SOFR ICE swap rate plus a spread of 150 basis points, subject to a floor of 0%.

The payout at maturity will be par.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Floating rate notes
Underlying rate:	Two-year U.S. Dollar SOFR ICE swap rate
Amount:	$175,000
Maturity:	Feb. 3, 2025
Coupon:	Two-year U.S. Dollar SOFR ICE swap rate plus a spread of 150 basis points, subject to a floor of 0%; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing date:	Jan. 31, 2023
Settlement date:	Feb. 3, 2023
Agent:	Barclays
Fees:	0.3%
Cusip:	06749NHR6

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