By Angela McDaniels
Tacoma, Wash., Jan. 25 - Barclays Bank plc priced an additional $444,000 of capped and floored floating-rate notes due Jan. 27, 2025 linked to the 30-year Constant Maturity Swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
The additional notes bring the issue size to $1.44 million. The original $1 million of notes priced on Jan. 12.
Interest is payable semiannually at a rate equal to 0.8 times the 30-year CMS rate, subject to a floor of 4% per year and a cap of 12% per year in each interest period.
The payout at maturity will be par.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Capped and floored floating-rate notes
|
| Amount: | $1,444,000, upsized from $1 million
|
| Maturity: | Jan. 27, 2025
|
| Coupon: | 0.8 times the 30-year CMS rate, with floor of 4% and cap of 12%; payable semiannually
|
| Price: | Variable
|
| Payout at maturity: | Par
|
| Pricing dates: | Jan. 12 for $1 million; Jan. 22 for $444,000
|
| Settlement date: | Jan. 27
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 4%
|
| Cusip: | 06740JRA0
|
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