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Published on 4/15/2010 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $1.03 million capped floaters linked to 10-year CMS rate

By Susanna Moon

Chicago, April 15 - Barclays Bank plc priced $1,025,000 of capped floating-rate notes due April 29, 2020 based on the 10-year Constant Maturity Swap rate, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be equal to the 10-year CMS rate, up to a maximum of 7.05% per year in each interest period. Interest is payable quarterly.

The payout at maturity will be par.

Barclays Capital Inc. is the agent.

Issuer:Barclays Bank plc
Issue:Capped floating-rate notes
Underlying rate:10-year Constant Maturity Swap rate
Amount:$1,025,000
Maturity:April 29, 2020
Coupon:Equal to the 10-year CMS rate, capped at 7.05% per year; payable quarterly
Price:Variable
Payout at maturity:Par
Pricing date:April 14
Settlement date:April 29
Agent:Barclays Capital Inc.
Fees:None
Cusip:06740LNQ4

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