New Issue: Barclays sells $2.98 million fixed-to-floaters with 2.25% floor, 6% cap

By Susanna Moon

Chicago, Feb. 16 - Barclays Bank plc priced $2.98 million of capped and floored fixed-to-floating notes due Feb. 16, 2018, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 3% for the first two years. After that, the rate will be Libor plus 200 basis points, with a minimum rate of 2.25% and a maximum interest rate of 6%. Interest is payable quarterly.

The payout at maturity will be par.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Capped fixed-to-floating notes
Amount:	$2,982,000
Maturity:	Feb. 16, 2018
Coupon:	3% initially; beginning Feb. 16, 2014, Libor plus 200 bps, floor of 2.25% and capped at 6%; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing date:	Feb. 13
Settlement date:	Feb. 16
Agent:	Barclays Capital Inc.
Fees:	1%
Cusip:	06738KL82

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