New Issue: Barclays prices $5 million capped, floored fixed-to-floaters due 2029

By Marisa Wong

Madison, Wis., Aug. 27 – Barclays Bank plc priced $5 million of capped and floored fixed-to-floating notes due Sept. 24, 2029, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate will be 4% for the first year. After that, the interest rate will be 0.85 times the 30-year CMS rate, subject to a minimum rate of 2% and a maximum rate of 7% per year. Interest is payable quarterly.

The payout at maturity will be par.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Capped & floored fixed-to-floating notes
Amount:	$5 million
Maturity:	Sept. 24, 2029
Coupon:	4% initially; beginning Sept. 24, 2015, 0.85 times 30-year CMS rate, subject to minimum interest rate of 2% and a maximum rate of 7% per year; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing date:	Aug. 26
Settlement date:	Sept. 24
Agent:	Barclays
Fees:	1.5%
Cusip:	06741UHZ0

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