By Toni Weeks
San Diego, Oct. 3 - Barclays Bank plc priced $8 million of floored floating-rate notes due Aug. 1, 2014, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate will be Libor plus 150 basis points, subject to a minimum interest rate of 2.4%. Interest is payable quarterly.
The payout at maturity will be par.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Floored floating-rate notes
|
| Amount: | $8 million
|
| Maturity: | Aug. 1, 2014
|
| Coupon: | Libor plus 150 bps, with minimum interest rate of 2.4%; payable quarterly
|
| Price: | Variable
|
| Payout at maturity: | Par
|
| Pricing dates: | Oct. 3
|
| Settlement date: | Oct. 7
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 1.1%
|
| Cusip: | 06738KWY3
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
