New Issue: Barclays prices $1.66 million more fixed-to-floating notes on Consumer Price Index

By Susanna Moon

Chicago, March 14 - Barclays Bank plc priced another $1.66 million of fixed-to-floating-rate notes due March 16, 2021 linked to the Consumer Price Index, according to a 424B2 filing with the Securities and Exchange Commission.

This brings the total deal size to $3.66 million, up from $2 million.

The coupon will be 4.25% for the first two years. After that, the rate will be equal to the year-over-year change in the Consumer Price Index plus 200 basis points, up to a maximum rate of 8.5% and with a minimum rate of 1%. Interest is payable monthly.

The payout at maturity will be par.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Fixed-to-floating-rate notes
Underlying index:	Consumer Price Index
Amount:	$3,655,000, up from $2 million
Maturity:	March 16, 2021
Coupon:	4.25% until March 16, 2013; thereafter, year-over-year change in CPI plus 200 bps, with cap of 8.5% and floor of 1%; payable monthly
Price:	Variable
Payout at maturity:	Par
Pricing dates:	Feb. 16 for $2 million; March 11 for $1,655,000
Settlement date:	March 16
Agent:	Barclays Capital Inc.
Fees:	2.5%
Cusip:	06738KCN9

© 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.