By Susanna Moon
Chicago, Nov. 22 - Barclays Bank plc priced $5 million of fixed-rate callable range accrual notes due Nov. 23, 2021 linked to six-month Libor and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will accrue at 5.7% for each day that six-month Libor is 6% or less and the index is at least 870. Interest is payable quarterly and cannot be less than zero.
The payout at maturity will be par.
The notes will be callable at par on any interest payment date after one year.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Fixed-rate callable range accrual notes
|
| Amount: | $5 million
|
| Maturity: | Nov. 23, 2021
|
| Coupon: | 5.7% for each day that six-month Libor is 6% or less and S&P 500 index is at least 870; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on any interest payment date beginning Nov. 23, 2012
|
| Pricing date: | Nov. 18
|
| Settlement date: | Nov. 23
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 1.25%
|
| Cusip: | 06738KZL8
|
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