Published on 11/29/2022 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $3.01 million collared floating-rate notes linked to SOFR
By William Gullotti
Buffalo, N.Y., Nov. 29 – Barclays Bank plc priced $3.01 million of collared floating-rate notes due Oct. 3, 2024 linked to SOFR, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be the reference rate and 150 basis points, subject to a 5.15% ceiling and 4.15% floor. Interest is payable quarterly.
The payout at maturity will be par.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Collared floating-rate notes
|
| Amount: | $3,005,000
|
| Maturity: | Oct. 3, 2024
|
| Coupon: | Compounded SOFR, subject to maximum rate of 5.15% and minimum rate of 4.15%; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | Sept. 28
|
| Settlement date: | Oct. 3
|
| Agent: | Barclays
|
| Fees: | 1.5%
|
| Cusip: | 06748XWH0
|
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