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Published on 2/7/2011 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $3.08 million more fixed-to-floating notes on Consumer Price Index

By Marisa Wong

Madison, Wis., Feb. 7 - Barclays Bank plc priced an additional $3.08 million of fixed-to-floating notes due Feb. 9, 2021 linked to the Consumer Price Index, according to a 424B2 filing with the Securities and Exchange Commission.

This brings the total deal size to $7.38 million. An initial $4.3 million of the fixed-to-floating notes was priced on Feb. 4.

The interest rate will be 4.25% for the first year. Beginning Feb. 9, 2012, the interest rate will be the year-over-over change in the index plus 200 basis points, subject to a minimum rate of 1%. Interest is payable monthly.

Barclays Capital Inc. is the agent.

Issuer:Barclays Bank plc
Issue:Fixed-to-floating notes
Underlying index:Consumer Price Index
Amount:$7,375,000 (increased from $4.3 million)
Maturity:Feb. 9, 2021
Coupon:Initially 4.25%; beginning Feb. 9, 2012, year-over-over change in index plus 200 bps, subject to minimum rate of 1%; payable monthly
Price:Variable
Payout at maturity:Par
Pricing date:Feb. 4 for $4.3 million, Feb. 7 for $3,075,000
Settlement date:Feb. 9
Agent:Barclays Capital Inc.
Fees:0.5%
Cusip:06738KBW0

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