By Angela McDaniels
Tacoma, Wash., Oct. 28 - Barclays Bank plc priced $1 million of fixed-rate callable range accrual notes due Oct. 31, 2031 linked to six-month Libor, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is 6.25% for the first two years. Beginning Oct. 31, 2013, the interest rate will be 6.25% per year multiplied by the proportion of days on which six-month Libor is 6% or less. Interest is payable quarterly.
The payout at maturity will be par.
Beginning Oct. 31, 2012, the notes will be callable at par on any interest payment date.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Fixed-rate callable range accrual notes
|
| Amount: | $1 million
|
| Maturity: | Oct. 31, 2031
|
| Coupon: | Initially 6.25%; beginning Oct. 31, 2013, 6.25% per year multiplied by proportion of days on which six-month Libor is 6% or less; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on any interest payment date from Oct. 31, 2012 onward
|
| Pricing date: | Oct. 26
|
| Settlement date: | Oct. 31
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 4.5%
|
| Cusip: | 06738KXR7
|
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