By Jennifer Chiou
New York, June 10 - Barclays Bank plc priced $5 million of callable range accrual notes due June 25, 2019 linked to six-month Libor, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is equal to 8.05% per year multiplied by the proportion of days on which six-month Libor is 7% or less. Interest is payable quarterly.
The notes are callable at par on any interest payment date beginning on June 25, 2010.
If the notes are not called, the payout at maturity will be par.
Barclays Capital Inc. is the agent.
Issuer: | Barclays Bank plc
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Issue: | Callable range accrual notes
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Amount: | $5 million
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Maturity: | June 25, 2019
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Coupon: | 8.05% for proportion of days on which six-month Libor is 7% or less; payable quarterly
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Price: | Variable
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Payout at maturity: | Par
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Call option: | At par on any interest payment date beginning on June 25, 2010
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Pricing date: | June 9
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Settlement date: | June 25
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Agent: | Barclays Capital Inc.
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Fees: | 2%
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