By Jennifer Chiou
New York, Dec. 11 - Barclays Bank plc priced $933,000 of floating-rate notes due Dec. 24, 2014 linked to the Consumer Price Index, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is fixed at 2.5% for the year first. Beginning Dec. 24, 2010, the interest rate equals 1.5 times the year-over-year change in the index, subject to a floor of zero and cap of 7% in each interest period.
Interest is payable monthly.
The payout at maturity will be par.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Floating-rate notes
|
| Amount: | $933,000
|
| Maturity: | Dec. 24, 2014
|
| Coupon: | 2.5% for first year; beginning Dec. 24, 2010, 1.5 times the year-over-year change in the index, with a floor of zero and a cap of 7%; payable monthly
|
| Price: | Variable
|
| Payout at maturity: | Par
|
| Pricing date: | Dec. 10
|
| Settlement date: | Dec. 24
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 2%
|
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