By Susanna Moon
Chicago, March 21 - Barclays Bank plc priced $10 million of callable range accrual notes due March 28, 2028 linked to the S&P 500 index and six-month Libor, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will accrue at 6% for each day that the index closes at or above 1,161 and six-month Libor is 6% or less. Interest is payable semiannually.
The payout at maturity will be par.
The notes will be callable at par on any interest payment date.
Barclays is the underwriter. Morgan Stanley Smith Barney LLC is a dealer.
| Issuer: | Barclays Bank plc
|
| Issue: | Callable range accrual notes
|
| Underlying: | S&P 500 index and six-month Libor
|
| Amount: | $10 million
|
| Maturity: | March 28, 2028
|
| Coupon: | 6% accrual for each day that index closes at or above 1,161 and six-month Libor is 6% or less; payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on any interest payment date
|
| Pricing date: | March 19
|
| Settlement date: | March 28
|
| Underwriter: | Barclays with Morgan Stanley Smith Barney LLC as dealer
|
| Fees: | 2.15%
|
| Cusip: | 06741TRJ8
|
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