By Angela McDaniels
Tacoma, Wash., Aug. 25 - Barclays Bank plc priced an additional $412,000 of callable range accrual notes due Aug. 27, 2024 linked to six-month Libor, according to a 424B2 filing with the Securities and Exchange Commission.
The original $1 million of notes priced Aug. 3. The total issue size is now $1.41 million.
Interest is payable quarterly and equals 7.5% per year multiplied by the proportion of days on which six-month Libor is 7% or less.
The payout at maturity will be par.
The notes are callable at par on any interest payment date.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Callable range accrual notes
|
| Amount: | $1,412,000, upsized from $1 million
|
| Maturity: | Aug. 27, 2024
|
| Coupon: | 7.5% 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 any interest payment date
|
| Pricing date: | Aug. 3 for $1 million; Aug. 24 for $412,000
|
| Settlement date: | Aug. 27
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 5%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
