New Issue: Barclays prices $952,000 fixed-to-floaters with 5% initial rate, 7% cap

By Susanna Moon

Chicago, Dec. 20 - Barclays Bank plc priced $952,000 of capped fixed-to-floating notes due Dec. 23, 2018, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 5% for the first year. After that, the rate will be Libor plus 300 basis points, up to a maximum interest rate of 7%. Interest is payable quarterly.

The payout at maturity will be par.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Capped fixed-to-floating notes
Amount:	$952,000
Maturity:	Dec. 23, 2018
Coupon:	5% initially; beginning Dec. 23, 2012, Libor plus 300 bps, capped at 7%; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing date:	Dec. 19
Settlement date:	Dec. 22
Agent:	Barclays Capital Inc.
Fees:	1.5%
Cusip:	06738KC58

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