Published on 4/28/2014 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $5 million floored floating-rate notes with 2% floor
By Marisa Wong
Madison, Wis., April 28 - Barclays Bank plc priced $5 million of floored floating-rate notes due May 14, 2021, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate will be the 10-year Constant Maturity Swap rate times 0.7, subject to a minimum interest rate of 2%. Interest is payable quarterly.
The payout at maturity will be par.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Floored floating-rate notes
|
| Amount: | $5 million
|
| Maturity: | May 14, 2021
|
| Coupon: | 10-year CMS rate times 0.7, floor of 2%; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | April 25
|
| Settlement date: | May 14
|
| Agent: | Barclays
|
| Fees: | 0.5%
|
| Cusip: | 06741UDB7
|
© 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.
