By Sarah Lizee
Olympia, Wash., March 15 – Barclays Bank plc priced $15 million of floating-rate notes due March 16, 2023 linked to the Consumer Price Index, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is equal to the annual percentage change in the index plus 100 basis points. Interest will be payable monthly and cannot be less than zero.
The payout at maturity will be par.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Floating-rate notes
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Underlying index: | Consumer Price Index
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Amount: | $15 million
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Maturity: | March 16, 2023
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Coupon: | Annual percentage change in the index plus 100 bps with a 0% floor; payable monthly
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Price: | Par
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Payout at maturity: | Par
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Pricing date: | March 13
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Settlement date: | March 16
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Underwriter: | Barclays
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Fees: | 0.5%
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Cusip: | 06744CXA4
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