By Angela McDaniels
Tacoma, Wash., March 9 - Barclays Bank plc priced $2 million of floating-rate notes due March 25, 2020 linked to the 10-year Constant Maturity Swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will accrue at a per-year rate equal to the 10-year CMS rate, subject to a cap of 8.25%. Interest is payable quarterly.
The payout at maturity will be par.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Floating-rate notes
|
| Amount: | $2 million
|
| Maturity: | March 25, 2020
|
| Coupon: | Per-year rate equal to 10-year Constant Maturity Swap rate, capped at 8.25%; payable quarterly
|
| Price: | Variable
|
| Payout at maturity: | Par
|
| Pricing date: | March 9
|
| Settlement date: | March 25
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 2.5%
|
| Cusip: | 06740JZU7
|
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