New Issue: Barclays prices $27 million fixed-to-floating notes with 2.25% initial rate, 1.75% floor

By Susanna Moon

Chicago, March 14 - Barclays Bank plc priced $27 million of floored fixed-to-floating notes due March 16, 2015, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 2.25% for the first year. After that, the rate will be Libor plus 100 basis points, with a minimum interest rate of 1.75%. 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 notes
Amount:	$27 million
Maturity:	March 16, 2015
Coupon:	2.25% initially; beginning March 16, 2013, Libor plus 100 bps, floor of 1.75%; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing date:	March 13
Settlement date:	March 16
Agent:	Barclays Capital Inc.
Fees:	0.5%
Cusip:	06738KT92

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