By Jennifer Chiou
New York, March 24 - Barclays Bank plc upsized its issue of capped and floored floating-rate notes due March 28, 2014 to $50.35 million from $50 million, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon is Libor plus 100 basis points, subject to a maximum interest rate equal to the rate for the immediately preceding interest period plus 20 basis points and a minimum interest rate equal to the rate for the immediately preceding interest period. Interest is reset and payable quarterly.
The payout at maturity will be par.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Capped and floored floating-rate notes
|
| Amount: | $50.35 million (up from $50 million)
|
| Maturity: | March 28, 2014
|
| Coupon: | Libor plus 100 bps, capped at a rate equal to the immediately preceding interest period plus 20 bps and with a floor equal to the rate for the immediately preceding interest period
|
| Price: | Variable
|
| Payout at maturity: | Par
|
| Pricing date: | March 16
|
| Upsize date: | March 23
|
| Settlement date: | March 28
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 0.2%
|
| Cusip: | 06738KFC0
|
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