New Issue: Barclays prices $1 million 5.15% barrier notes linked to dollar ICE swap rate

New York, June 9 – Barclays Bank plc priced $1 million of 5.15% fixed-rate barrier notes due June 13, 2017 linked to the 10-year U.S. dollar ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.

If the final swap rate is greater than or equal to the barrier rate, 50% of the initial swap rate, the payout at maturity will be par.

Otherwise, investors will lose 1% for every 1% that the swap rate declines from its initial level.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Fixed-rate barrier notes
Underlying rate:	10-year U.S. dollar ICE swap rate
Amount:	$1 million
Maturity:	June 13, 2017
Coupon:	5.15%
Price:	Par
Payout at maturity:	If final swap rate is greater than or equal to the barrier rate, 50% of the initial swap rate, the payout at maturity will be par; otherwise, investors will lose 1% for every 1% that the swap rate declines from its initial level
Initial swap rate:	1.675% (set prior to trade date)
Barrier level:	0.8375%, 50% of initial swap rate
Pricing date:	June 7
Settlement date:	June 13
Agent:	Barclays
Fees:	1.25%
Cusip:	06741V4Y5

© 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.