New Issue: Barclays prices $10 million notes linked to Libor, BMA Municipal Swap via Wachovia

By Angela McDaniels

Seattle, Jan. 26 - Barclays Bank plc priced a $10 million offering of principal-protected BMA Municipal Swap Index - Libor Spread Notes due Jan. 31, 2017 via Wachovia Capital Markets LLC, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be variable and will equal the sum of the fixed percentage, 8.95%, and the variable percentage, which will equal 65% of the average Libor for each interest period minus the average value of the BMA Municipal Swap index. Interest will be payable semiannually.

The payout at maturity will be par.

Issuer:	Barclays Bank plc
Issue:	Principal-protected BMA Municipal Swap Index - Libor Spread Notes
Amount:	$10 million
Maturity:	Jan. 31, 2017
Coupon:	Sum of the fixed percentage, 8.95%, and the variable percentage, which will equal 65% of the average Libor for each interest period minus the average value of the BMA Municipal Swap index; payable semiannually
Price:	Par
Payout at maturity:	Par
Pricing date:	Jan. 24
Settlement date:	Jan. 31
Agent:	Wachovia Capital Markets LLC
Agent fees:	1%

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