New Issue: Barclays prices $1.99 million fixed-to-floaters with 4% initial rate

By Toni Weeks

San Diego, Nov. 26 - Barclays Bank plc priced $1.99 million of capped fixed-to-floating notes due Nov. 28, 2022, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate will be 4% for the first year. After that, it will be equal to Libor plus 75 basis points, subject to a maximum interest rate of 6%. Interest is payable semiannually.

The payout at maturity will be par.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Capped fixed-to-floating notes
Amount:	$1.99 million
Maturity:	Nov. 28, 2022
Coupon:	4% for first year; after that, Libor plus 75 bps, subject to a maximum coupon of 6%; payable semiannually
Price:	Variable prices
Payout at maturity:	Par
Pricing date:	Nov. 23
Settlement date:	Nov. 28
Agent:	Barclays
Fees:	None to 1.25%
Cusip:	06741TJZ1

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