Published on 7/29/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $5 million floored floating-rate notes due 2019 tied to Libor
By Kiku Steinfeld
Chicago, July 29 – Barclays Bank plc priced $5 million of floored floating-rate notes due July 11, 2022 linked to three-month Libor, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable quarterly at a rate of Libor plus 60 basis points with a floor of 1%.
The payout at maturity will be par.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Floored floating-rate notes
|
| Amount: | $5,000,000
|
| Maturity: | July 11, 2022
|
| Coupon: | Libor plus 60 basis points, floor of 1%; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | July 8
|
| Settlement date: | July 11
|
| Agent: | Barclays
|
| Fees: | 0.22%
|
| Cusip: | 06747N5S9
|
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