New Issue: Barclays prices $9.4 million fixed-to-floating notes with 2% initial rate, 1.25% floor

By Susanna Moon

Chicago, March 28 - Barclays Bank plc priced $9.4 million of floored fixed-to-floating notes due Sept. 29, 2014, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 2% for the first year. After that, the rate will be Libor plus 75 basis points, with a minimum interest rate of 1.25%. 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:	$9,395,000
Maturity:	Sept. 29, 2014
Coupon:	2% initially; beginning March 29, 2013, Libor plus 75 bps, floor of 1.25%; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing date:	March 26
Settlement date:	March 29
Agent:	Barclays Capital Inc.
Fees:	0.4%
Cusip:	06738KY70

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