New Issue: Barclays prices $1 million floored fixed-to-floating notes due 2015

By Angela McDaniels

Tacoma, Wash., Jan. 11 - Barclays Bank plc priced $1 million of floored fixed-to-floating-rate notes due Jan. 30, 2015, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate is 3% for the first year. Beginning Jan. 30, 2013, the interest rate will be Libor plus 175 basis points, subject to a minimum interest rate of 2.5%. Interest is payable quarterly.

The payout at maturity will be par.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Floored fixed-to-floating-rate notes
Amount:	$1 million
Maturity:	Jan. 30, 2015
Coupon:	Initially 3%; beginning Jan. 30, 2013, Libor plus 175 bps, subject to minimum rate of 2.5%; payable quarterly
Price:	Variable prices
Payout at maturity:	Par
Pricing date:	Jan. 11
Settlement date:	Jan. 30
Agent:	Barclays Capital Inc.
Fees:	1%
Cusip:	06738KH95

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