Published on 5/24/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $5.2 million floored floating-rate notes due 2020
By Wendy Van Sickle
Columbus, Ohio, May 24 – Barclays Bank plc priced $5.2 million of floored floating-rate notes due May 26, 2020, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate will equal Libor, subject to a minimum interest rate of 2.05% per year. 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: | $5,202,000
|
| Maturity: | May 26, 2020
|
| Coupon: | Libor, subject to minimum interest rate of 2.05% per year; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | May 22
|
| Settlement date: | May 26
|
| Agent: | Barclays
|
| Fees: | 0.5%
|
| Cusip: | 06741VVC3
|
|
|
© 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.
