New Issue: Barclays prices $7.72 million fixed-to-floating rate notes on SOFR

By Wendy Van Sickle

Columbus, Ohio, Jan. 30 – Barclays Bank plc priced $7.72 million of fixed-to-floating rate notes due Jan. 30, 2026, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 6% until Jan. 30, 2024. After that, it will be SOFR plus a 100 basis points spread, subject to a 0% floor. Interest is payable quarterly.

The payout at maturity will be par.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Fixed-to-floating rate notes
Amount:	$7,723,000
Maturity:	Jan. 30, 2026
Coupon:	6% until Jan. 30, 2024; after that, SOFR plus 100 bps with a 0% floor; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing date:	Jan. 26
Settlement date:	Jan. 30
Agent:	Barclays
Fees:	0.45%
Cusip:	06749NH54

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