New Issue: Barclays prices $1 million Libor fixed/floating-rate notes due 2020

By Jennifer Chiou

New York, Oct. 28 - Barclays Bank plc priced $1 million of fixed- to floating-rate notes due Nov. 24, 2020 linked to Libor, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly and will be fixed at 7.25% for the first year. Thereafter, interest will accrue at Libor plus a spread of 100 basis points, capped at 7%.

The payout at maturity will be par.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Libor fixed- to floating-rate notes
Amount:	$1 million
Maturity:	Nov. 24, 2020
Coupon:	7.25% for first year; beginning Nov. 24, 2011, Libor plus 100 bps, capped at 7%; payable quarterly
Price:	Variable
Payout at maturity:	Par
Pricing date:	Oct. 27
Settlement date:	Nov. 24
Agent:	Barclays Capital Inc.
Fees:	2%
Cusip:	06740P870

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