By Angela McDaniels
Tacoma, Wash., May 26 - Barclays Bank plc priced $250,000 of capped floating-rate notes due May 28, 2020 linked to the 10-year Constant Maturity Treasury rate, according to a 424B2 filing with the Securities and Exchange Commission.
The notes bear interest at a per-year rate equal to the 10-year CMT rate plus 30 basis points, subject to a maximum rate of 10% 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 Treasury rate
|
| Amount: | $250,000
|
| Maturity: | May 28, 2010
|
| Coupon: | Per-year rate equal to CMT rate plus 30 bps, capped at 10%; payable quarterly
|
| Price: | Variable
|
| Payout at maturity: | Par
|
| Pricing date: | May 14
|
| Settlement date: | May 28
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 3.5%
|
| Cusip: | 06740LN27
|
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