New Issue: Barclays prices $4.45 million of floating-to-fixed notes due 2023

By Sarah Lizee

Olympia, Wash., May 29 – Barclays Bank plc priced $4.45 million of floating-to-fixed notes due May 30, 2023, according to a 424B2 filing with the Securities and Exchange Commission.

Initially, interest will be equal to Libor plus a spread of 35 basis points per annum, subject to a minimum interest rate of 0%. Beginning Nov. 30, 2020, the interest rate will be fixed at 3.9%. Interest will be payable quarterly.

The payout at maturity will be par.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Floating-to-fixed notes
Amount:	$4.45 million
Maturity:	May 30, 2023
Coupon:	Libor plus 35 bps initially, subject to a minimum interest rate of 0%; beginning Nov. 30, 2020, fixed at 3.9%; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing date:	May 24
Settlement date:	May 30
Agent:	Barclays
Fees:	1.5%
Cusip:	06746XCW1

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