| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers B > Headlines for Barclays Bank plc > News item |
Barclays plans callable contingent accrual notes tied to six-month Libor, Russell 2000 via UBS
By Marisa Wong
Madison, Wis., Aug. 15 - Barclays Bank plc plans to price callable contingent accrual notes due Aug. 26, 2026 linked to six-month Libor and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
The notes will be issued at 99.3125.
The per-year interest rate will be 8% for each day that six-month Libor is at or below 6% and the Russell 2000 closes at or above 515. Interest will be payable semiannually.
The payout at maturity will be par.
The notes will be callable on any interest payment date beginning Aug. 26, 2012.
The notes (Cusip: 06738KSG7) will price on Aug. 23 and settle on Aug. 26.
UBS Financial Services Inc. and Barclays Capital Inc. are the agents.
© 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.