New Issue: Barclays prices $10 million 10-year capped, floored floaters on Libor

By Marisa Wong

Madison, Wis., March 7 - Barclays Bank plc priced $10 million of capped and floored floating-rate notes due March 9, 2021 linked to Libor, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 1.72 times Libor, subject to a minimum rate of 2.5% and an applicable maximum rate. The maximum rate is 6% for the first three years, 7.2% for years four through six and 8.125% to maturity. Interest is payable quarterly.

The payout at maturity will be par.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Capped and floored floating-rate notes
Underlying rate:	Libor
Amount:	$10 million
Maturity:	March 9, 2021
Coupon:	1.72 times Libor, subject to floor of 2.5%, cap of 6% for the first three years, 7.2% for years four through six and 8.125% to maturity; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing date:	March 4
Settlement date:	March 9
Underwriter:	Barclays Capital Inc.
Fees:	0%
Cusip:	06738KEA5

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.