By Wendy Van Sickle
Columbus, Ohio, March 17 – Barclays Bank plc priced $17.5 million of floored floating-rate notes due June 20, 2023 linked to three-month Libor, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable quarterly at a rate of Libor plus 100 basis points with a floor of 1.25%.
The payout at maturity will be par.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Floored floating-rate notes
|
| Amount: | $17.5 million
|
| Maturity: | June 20, 2023
|
| Coupon: | Libor plus 100 basis points, floor of 1.25%; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | March 15
|
| Settlement date: | March 20
|
| Agent: | Barclays
|
| Fees: | 0.375%
|
| Cusip: | 06741VNK4
|
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