By Jennifer Chiou
New York, April 16 - Barclays Bank plc priced $5 million of floating-rate notes due April 28, 2020 linked to changes in the Consumer Price Index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be equal to the change in the CPI plus a spread of 2.25%, with a floor of 0% and a cap of 8.5%. Interest is payable monthly.
The payout at maturity will be par.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Floating-rate notes
|
| Underlying index: | Consumer Price Index
|
| Amount: | $5 million
|
| Maturity: | April 28, 2020
|
| Coupon: | Equal to the change in the CPI plus a spread of 2.25%; floor of 0% and cap of 8.5%; payable monthly
|
| Price: | Variable
|
| Payout at maturity: | Par
|
| Pricing date: | April 15
|
| Settlement date: | April 28
|
| Agent: | Barclays Capital Inc.
|
| Cusip: | 06740LNT8
|
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