Published on 1/25/2010 in the Prospect News Structured Products Daily.
New Issue: Barclays sells another $3.36 million floaters linked to Consumer Price Index
By Susanna Moon
Chicago, Jan. 25 - Barclays Bank plc priced an additional $3.36 million of floating-rate notes due Jan. 27, 2017 linked to changes in the Consumer Price Index, according to a 424B2 filing with the Securities and Exchange Commission.
This brings the total deal size to $8.36 million. Barclays priced $5 million of the notes on Jan. 14.
Interest will accrue at 5% for the first year. After that, interest will be 1.5 times the change in the CPI, subject to a cap of 8% and a floor of 0%. Interest is payable monthly.
The payout at maturity will be par.
Barclays Capital Inc. is the agent.
Issuer: | Barclays Bank plc
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Issue: | Floating-rate notes
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Underlying index: | Consumer Price Index
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Amount: | $8,361,000, upsized from $5 million
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Maturity: | Jan. 27, 2017
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Coupon: | 5% for one year; thereafter, 150% of CPI change; cap of 8%, floor of 0%; payable monthly
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Price: | Variable
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Payout at maturity: | Par
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Pricing dates: | Jan. 14 for $5 million, Jan. 24 for $3,361,000
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Settlement date: | Jan. 27
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Agent: | Barclays Capital Inc.
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Fees: | 1%
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Cusip: | 06740JRD4
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