New Issue: Barclays sells $2.5 million fixed-to-floaters due 2021 linked to Libor

By Sarah Lizee

Olympia, Wash., Oct. 22 – Barclays Bank plc priced $2.5 million of fixed-to-floating notes due Oct. 22, 2021, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be 3% initially. Beginning Oct. 22, 2019, interest will be equal to Libor plus a spread of 60 basis points, subject to a minimum interest rate of 3% and a maximum interest rate of 5%. Interest will be payable quarterly.

The payout at maturity will be par.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Fixed-to-floating notes
Amount:	$2.5 million
Maturity:	Oct. 22, 2021
Coupon:	3% initially; beginning Oct. 22, 2019, equal to Libor plus 60 bps, subject to a floor of 3%, cap of 5%; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing date:	Oct. 18
Settlement date:	Oct. 22
Underwriter:	Barclays
Fees:	0.4%
Cusip:	06746XV67

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