New Issue: Barclays prices $929,000 callable notes linked to ICE swap rates

By Angela McDaniels

Tacoma, Wash., May 28 – Barclays Bank plc priced $929,000 of callable floating-rate notes due May 29, 2029 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 interest rate is 7.2 times the spread of the 30-year ICE swap rate over the two-year ICE swap rate, subject to a minimum of zero. Interest is payable quarterly.

The payout at maturity will be par.

Beginning May 29, 2024, the notes will be callable at par plus accrued interest on any quarterly redemption date.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable floating-rate notes
Underlying rates:	30-year and two-year U.S. dollar ICE swap rates
Amount:	$929,000
Maturity:	May 29, 2029
Coupon:	7.2 times spread of 30-year ICE swap rate over two-year ICE swap rate, subject to minimum of zero; payable quarterly
Price:	Par
Payout at maturity:	Par
Call option:	Beginning May 29, 2024, at par on any interest payment date
Pricing date:	May 23
Settlement date:	May 29
Agent:	Barclays
Fees:	1%
Cusip:	06747MVL7

© 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.