By Angela McDaniels
Tacoma, Wash., Nov. 10 - Barclays Bank plc priced an additional $9.5 million of capped and floored floating-rate notes due Nov. 12, 2019 linked to the 10-year Constant Maturity Swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
The original $500,000 of notes priced Oct. 22. The total issue size is now $10 million.
The interest rate is equal to the 10-year CMS rate, with a floor of 3% per year and a cap of 10% per year in each quarterly interest period.
The payout at maturity will be par.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Capped and floored floating-rate notes
|
| Amount: | $10 million, upsized from $500,000
|
| Maturity: | Nov. 12, 2019
|
| Coupon: | 10-year Constant Maturity Swap rate, with floor of 3% and cap of 10%; payable quarterly
|
| Price: | Variable
|
| Payout at maturity: | Par
|
| Pricing dates: | Oct. 22 for $500,000; Nov. 9 for $9.5 million
|
| Settlement date: | Nov. 12
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 3%
|
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