By Marisa Wong
Madison, Wis., Aug. 12 - Barclays Bank plc priced $2.75 million of capped floating-rate notes due Aug. 16, 2017 linked to Libor, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly and will equal 150% of Libor, subject to a maximum rate of 9% per year in each interest period.
The payout at maturity will be par.
Barclays Capital Inc. is the agent.
Issuer: | Barclays Bank plc
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Issue: | Capped floating-rate notes
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Underlying rate: | Libor
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Amount: | $2.75 million
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Maturity: | Aug. 16, 2017
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Coupon: | 150% of Libor, capped at 9%; payable quarterly
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Price: | Par
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Payout at maturity: | Par
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Pricing date: | Aug. 11
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Settlement date: | Aug. 16
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Underwriter: | Barclays Capital Inc.
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Fees: | 2%
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Cusip: | 06740PKG0
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