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Barclays to price capped and floored floating-rate notes due 2025
By Sarah Lizee
Olympia, Wash., Jan. 29 – Barclays Bank plc plans to price capped and floored floating-rate notes due Feb. 5, 2025, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is expected to be Libor plus 65 basis points, subject to a minimum rate of 1.65% and a maximum rate of 6% per year. Interest will be payable quarterly.
The payout at maturity will be par.
Barclays is the agent.
The notes are expected to settle Feb. 5.
The Cusip number is 06744CUR0.
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