New Issue: Barclays sells $7.2 million 10-year fixed-to-floating notes with 7% cap

By Susanna Moon

Chicago, Dec. 9 - Barclays Bank plc priced $7.2 million of fixed-to-floating notes due Dec. 10, 2020, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 4.625% for the first thee years. After that, the notes will pay Libor plus 189 basis points, up to a maximum rate of 7%. Interest is payable quarterly.

The payout at maturity will be par.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Fixed-to-floating notes
Amount:	$7,201,000
Maturity:	Dec. 10, 2020
Coupon:	4.625% until Dec. 10, 2013; thereafter, Libor plus 189 bps, capped at 7%; payable quarterly
Price:	Variable
Payout at maturity:	Par
Pricing date:	Dec. 9
Settlement date:	Dec. 10
Agent:	Barclays Capital Inc.
Fees:	1.5%
Cusip:	06048WEX4

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