By Susanna Moon
Chicago, Nov. 9 - Barclays Bank plc priced $25 million of capped fixed-to-floating notes due Nov. 19, 2015, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be 2% for the first two years. After that, the rate will be Libor plus 82.5 basis points, up to a maximum of 6.5%. Interest is payable quarterly.
The payout at maturity will be par.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Capped fixed-to-floating notes
|
| Amount: | $25 million
|
| Maturity: | Nov. 19, 2015
|
| Coupon: | 2% for two years; then Libor plus 82.5 bps, capped at 6.5%; payable quarterly
|
| Price: | Variable
|
| Payout at maturity: | Par
|
| Pricing date: | Nov. 5
|
| Settlement date: | Nov. 19
|
| Agent: | Barclays Capital Inc.
|
| Fees: | None
|
| Cusip: | 06740PG67
|
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