Barclays plans 15-year callable range accrual notes on Libor, S&P 500

By Susanna Moon

Chicago, April 21 - Barclays Bank plc plans to price callable fixed-rate range accrual notes due April 28, 2026 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 6.7% for each day that six-month Libor is 6.5% or less and the index closes at or above 850. Interest will be payable quarterly.

The payout at maturity will be par.

The notes will be callable at par on any interest payment date beginning April 28, 2012.

Barclays Capital Inc. is the agent.

The notes will settle on April 28.

The Cusip is 06738KHT1.

© 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.