By Marisa Wong
Madison, Wis., Aug. 28 – Barclays Bank plc priced $1 million of additional callable range accrual notes due Aug. 28, 2026 linked to six-month Libor, according to a 424B2 filing with the Securities and Exchange Commission.
This brings the total issue size to $6 million. The initial $5 million of notes priced on Aug. 1.
Interest is payable quarterly and equals 4.75% per year multiplied by the proportion of days on which six-month Libor is 5% or less.
The payout at maturity will be par.
Beginning on Nov. 28, the notes are callable at par on any interest payment date.
Barclays is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | Callable range accrual notes
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| Amount: | $6 million (increased from $5 million)
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| Maturity: | Aug. 28, 2026
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| Coupon: | 4.75% per year multiplied by proportion of days on which six-month Libor is 5% or less; payable quarterly
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| Price: | Par
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| Payout at maturity: | Par
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| Call option: | At par on any interest payment date from Nov. 28 onward
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| Pricing date: | Aug. 1 for $5 million, Aug. 22 for $1 million
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| Settlement date: | Aug. 28
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| Agents: | Barclays
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| Fees: | 1.5%
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| Cusip: | 06741UGZ1
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