By Marisa Wong
Milwaukee, June 15 - Barclays Bank plc priced $1.5 million of callable range accrual notes due June 28, 2030 linked to six-month Libor, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly and equals the applicable rate multiplied by the proportion of days on which six-month Libor is at or below the barrier. The applicable rate is fixed at 7.1% per year, and the barrier is set at 7%.
The payout at maturity will be par.
The notes are callable at par on any interest payment date.
Barclays Capital Inc. is the agent.
Issuer: | Barclays Bank plc
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Issue: | Callable range accrual notes
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Amount: | $1.5 million
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Maturity: | June 28, 2030
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Coupon: | Applicable rate multiplied by proportion of days on which six-month Libor is at or below barrier; applicable rate is 7.1%; barrier is 7%; payable quarterly
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Price: | Variable
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Payout at maturity: | Par
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Call option: | At par on any interest payment date
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Pricing date: | June 14
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Settlement date: | June 28
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Agent: | Barclays Capital Inc.
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Fees: | 4%
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Cusip: | 06740PAP1
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