By Susanna Moon
Chicago, Oct. 6 - Barclays Bank plc priced a $1 million issue of callable range accrual notes due Oct. 10, 2023 linked to six-month Libor, according to a 424B2 filing with the Securities and Exchange Commission.
For each quarter, interest will accrue at 8.8% times the proportion of days on which six-month Libor is between 0% and 7%, payable quarterly.
The notes are callable, in whole but not in part, at par plus accrued interest on any interest payment date beginning on Oct. 8, 2009.
If the notes are not called, the payout at maturity will be par plus accrued interest, if any.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Libor callable range accrual notes
|
| Amount: | $1 million
|
| Maturity: | Oct. 10, 2023
|
| Coupon: | 8.8% times the proportion of days on which six-month Libor is between 0% and 7%; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par plus accrued interest
|
| Call option: | At par plus accrued interest on any interest payment date beginning Oct. 8, 2009
|
| Pricing date: | Oct. 3
|
| Settlement date: | Oct. 5
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 1.5%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
