New Issue: Barclays prices $26.93 million fixed-to-floaters with 2% initial rate

By Marisa Wong

Madison, Wis., Oct. 21 - Barclays Bank plc priced $26.93 million of capped fixed-to-floating notes due Oct. 23, 2018, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 2% initially. Beginning on Oct. 23, 2014, the rate will be Libor plus 54 basis points, subject to a maximum rate of 4% and a floor of 1.5%. Interest is payable quarterly.

The payout at maturity will be par.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Capped fixed-to-floating notes
Amount:	$26.93 million
Maturity:	Oct. 23, 2018
Coupon:	Initially 2%; beginning Oct. 23, 2014, Libor plus 54 bps, cap of 4%, floor of 1.5%; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing date:	Oct. 18
Settlement date:	Oct. 23
Agent:	Barclays
Fees:	None
Cusip:	06741TR66

© 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.