New Issue: Barclays prices $2.92 million callable capped fixed-to-floaters linked to Libor

By Wendy Van Sickle

Columbus, Ohio, May 19 – Barclays Bank plc priced $2.92 million of callable capped fixed- to floating-rate notes due May 19, 2023 linked to Libor, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate will be 3% initially. Beginning May 19, 2021, the interest rate will be equal to Libor plus 50 basis points, capped at 3% and with a floor of 0%. Interest will be payable quarterly.

Beginning May 19, 2021, the notes will be callable in whole at par on any quarterly interest payment date.

The payout at maturity will be par.

Barclays is the underwriter.

Issuer:	Barclays Bank plc
Issue:	Callable capped fixed- to floating-rate notes
Underlying rate:	Libor
Amount:	$2,919,000
Maturity:	May 19, 2023
Coupon:	3% initially; beginning May 19, 2021, Libor plus 50 bps, capped at 3% and with a floor of 0%
Price:	Par
Payout at maturity:	Par
Call option:	At par on any quarterly interest payment date beginning May 19, 2021
Pricing date:	May 15
Settlement date:	May 19
Agent:	Barclays
Fees:	0.95%
Cusip:	06747PQL6

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