By Marisa Wong
Madison, Wis., June 8 - Lloyds TSB Bank plc priced an additional $5 million of callable six-month Libor and S&P 500 index range accrual notes due June 8, 2027, according to a 424B5 filing with the Securities and Exchange Commission.
This brings the total deal size to $10 million. The initial $5 million of notes priced on June 6.
The interest rate is 8% per year multiplied by the proportion of days on which the index closes at or above 995 and six-month Libor is 7% or less. Interest is payable quarterly.
The payout at maturity will be par.
Beginning June 8, 2017, the notes will be callable at par on any interest payment date.
Barclays Capital Inc. is the agent.
| Issuer: | Lloyds TSB Bank plc
|
| Issue: | Callable six-month Libor and S&P 500 index range accrual notes
|
| Amount: | $10 million (increased from $5 million)
|
| Maturity: | June 8, 2027
|
| Coupon: | 8% per year multiplied by proportion of days on which index closes at or above 995 and six-month Libor is 7% or less; payable quarterly
|
| Price: | Varying prices
|
| Payout at maturity: | Par
|
| Call option: | At par on interest payment date from June 8, 2017 onward
|
| Pricing date: | June 6 for $5 million, June 8 for $5 million
|
| Settlement date: | June 8
|
| Agent: | Barclays Capital Inc.
|
| Fees: | Up to 5%
|
| Cusip: | 5394E8AV1
|
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