By Jennifer Chiou
New York, May 4 - Barclays Bank plc priced $60 million of capped and floored floating-rate notes due May 9, 2014, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will equal to Libor plus 105 basis points. Beginning on Aug. 9, 2011, the minimum rate will be the rate for the immediately preceding interest period, and the maximum will be 25 bps more than the minimum rate. Interest is 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
|
| Underlying rate: | Libor
|
| Amount: | $60 million
|
| Maturity: | May 9, 2014
|
| Coupon: | Libor plus 105 bps; beginning Aug. 9, 2011, minimum rate equal to rate for the immediately preceding interest period, maximum of 25 bps more than minimum rate; payable quarterly
|
| Price: | Variable
|
| Payout at maturity: | Par
|
| Pricing date: | May 3
|
| Settlement date: | May 9
|
| Underwriter: | Barclays Capital Inc.
|
| Fees: | None
|
| Cusip: | 06738KJV4
|
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