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Barclays plans to price floating-rate notes due 2020 linked to CPI
By Sarah Lizee
Olympia, Wash., Sept. 11 – Barclays Bank plc plans to price floating-rate notes due Sept. 25, 2020 linked to the Consumer Price Index, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate will be equal to the annual percentage change in the index plus 70 basis points. Interest will be payable monthly and cannot be less than zero.
The payout at maturity will be par.
Barclays is the agent.
The notes will price on Sept. 19 and settle on Sept. 25.
The Cusip number is 06746XQK2.
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