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Barclays to price floating-rate notes linked to Consumer Price Index
By Jennifer Chiou
New York, May 22 - Barclays Bank plc plans to price capped floating-rate notes due May 28, 2021 linked to the Consumer Price Index, according to a 424B2 filing with the Securities and Exchange Commission.
Each month, the notes will pay a coupon equal to the then-applicable annual inflation rate plus 15 basis points, subject to a minimum rate of zero and a maximum rate of 8% per year.
The payout at maturity will be par.
The notes (Cusip: 06741UDZ4) are expected to price on May 23 and settle on May 28.
Barclays is the agent.
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