By E. Janene Geiss
Philadelphia, Oct. 28 - Barclays Bank plc priced $9.2 million of capped and floored floating-rate 100% principal-protected notes due Oct. 30, 2019 linked to the 10-year Constant Maturity Swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly. It accrues at a per-year rate equal to the 10-year CMS rate plus the greater of (a) the spread of the 10-year CMS rate over 21% and (b) zero. The notes are subject to a maximum rate of 10% and a minimum rate of 3%.
The payout at maturity will be par.
Barclays Capital Inc.
| Issuer: | Barclays Bank plc
|
| Issue: | 100% principal-protected notes
|
| Amount: | $9.2 million
|
| Maturity: | Oct. 30, 2019
|
| Coupon: | A per-year rate equal to the 10-year CMS rate plus the greater of (a) the spread of the 10-year CMS rate over 21% and (b) zero, capped at 10% and floored at 3%; payable quarterly
|
| Price: | Variable
|
| Payout at maturity: | Par
|
| Pricing date: | Oct. 26
|
| Settlement date: | Oct. 30
|
| Agents: | Barclays Capital Inc.
|
| Fees: | 1.25%
|
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