New Issue: Barclays prices $5.77 million more fixed-to-floating notes tied to CPI

By Toni Weeks

San Diego, May 10 - Barclays Bank plc priced an additional $5.77 million of fixed-to-floating-rate notes due May 12, 2021 linked to the Consumer Price Index, according to a 424B2 filing with the Securities and Exchange Commission.

This brings the total issue size to $6.77 million. The original $1 million of notes priced April 12.

The coupon will be 4% for the first two years. After that, the rate will be equal to the year-over-year change in the Consumer Price Index plus 200 basis points, with a minimum rate of 1% and a maximum rate of 7.25%. Interest is payable monthly.

The payout at maturity will be par.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Fixed-to-floating-rate notes
Underlying index:	Consumer Price Index
Amount:	$6,774,000, increased from $1 million
Maturity:	May 12, 2021
Coupon:	4% for first two years; beginning May 12, 2013, year-over-year change in CPI plus 200 bps, with floor of 1% and cap of 7.25%; payable monthly
Price:	Variable prices
Payout at maturity:	Par
Pricing dates:	April 12 for $1 million; May 9 for $5,774,000
Settlement date:	May 12
Agent:	Barclays Capital Inc.
Fees:	2.5%
Cusip:	06738KHK0

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