New Issue: Barclays prices $2.89 million capital at-risk steepener notes tied to ICE swap rates

By Susanna Moon

Chicago, Aug. 30 – Barclays Bank plc priced $2.89 million of capital at-risk steepener notes due Aug. 31, 2021 linked to the spread between the 30-year U.S. dollar ICE swap rate and the two-year U.S. dollar ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 100 times the reference rate up to a maximum rate of 0.6%.

The reference rate will be the 30-year swap rate minus the two-year swap rate.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Capital at-risk steepener notes
Underlying rates:	30-year and two-year U.S. dollar ICE swap rate
Amount:	$2,892,000
Maturity:	Aug. 31, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 100 times the reference rate, which is 30-year swap rate minus two-year swap rate, up to a maximum rate of 0.6%
Pricing date:	Aug. 24
Settlement date:	Aug. 27
Agent:	Barclays
Fees:	4.5%
Cusip:	06746XM59

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.