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

By Sarah Lizee

Olympia, Wash., March 22 – Barclays Bank plc plans to price floating-rate notes due March 29, 2021 linked to the 30-year U.S. dollar ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be equal to the 30-year swap rate plus a spread of 5 basis points per year, subject to a minimum interest rate of 0%. Interest will be payable quarterly.

The payout at maturity will be par.

Barclays is the agent.

The notes are expected to settle on March 29.

The Cusip number is 06746X3B7.

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