Barclays to price floating-rate notes tied to 30-year ICE swap rate

By Sarah Lizee

Olympia, Wash., Jan. 10 – Barclays Bank plc plans to price 30-year floating-rate notes due Feb. 6, 2023 linked to the 30-Year U.S. dollar ICE swap rate, according to 424B2 filing with the Securities and Exchange Commission.

The interest rate will be equal to the swap rate on the quarterly determination date for that interest date, subject to the minimum interest rate of 0%. Interest will be payable quarterly.

The payout at maturity will be par.

Barclays Capital Inc. is the agent.

The notes (Cusip: 06744CS69) will price on Jan. 31 and settle on Feb. 6.

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