New Issue: Barclays prices $50 million floored floating-rate notes due 2020

By Wendy Van Sickle

Columbus, Ohio, June 15 – Barclays Bank plc priced $50 million of floored floating-rate notes due June 16, 2020, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate will equal Libor plus 60 basis points for the first two years and Libor plus 100 bps thereafter, subject to a minimum interest rate of 1.25% per year for the first two years and 2.25% thereafter. 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:	$50 million
Maturity:	June 16, 2020
Coupon:	Libor plus 60 basis points for first two years and Libor plus 100 bps thereafter, subject to minimum interest rate of 1.25% per year for first two years and 2.25% thereafter; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing date:	June 13
Settlement date:	June 16
Agent:	Barclays
Fees:	0.2%
Cusip:	06741VW24

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