Barclays redeems $8.33 million of EUR CMS steepener notes due 2026

By Marisa Wong

Madison, Wis., May 3 - Barclays Bank plc said it redeemed all $8,329,000 of its outstanding callable EUR CMS steepener notes due Feb. 3, 2026 on May 3.

The notes (Cusip: 06741JCC1) were redeemed at par plus accrued interest to the redemption date. Interest was equal to seven times the spread of the 30-year EUR Constant Maturity Swap rate over the two-year EUR CMS rate, subject to a minimum of zero and a maximum of 11%. Upon redemption the coupon was equal to 9.618%.

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