By Angela McDaniels
Tacoma, Wash., June 23 - Barclays Bank plc priced an additional $2 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.
The notes bring the issue size to $7 million.
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.
Beginning on June 25, 2010, the notes will be callable at par on any interest payment date.
If the notes are not called, the payout at maturity will be par.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Callable range accrual notes
|
| Amount: | $7 million, upsized from $5 million
|
| Maturity: | June 25, 2019
|
| Coupon: | 8.05% per year multiplied by proportion of days on which six-month Libor is 7% or less; payable quarterly
|
| Price: | Variable
|
| Payout at maturity: | Par
|
| Call option: | At par on interest payment dates from June 25, 2010 onward
|
| Pricing date: | June 9
|
| Settlement date: | June 25
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 2%
|
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