By Susanna Moon
Chicago, June 19 - Lloyds TSB Bank plc priced $3 million of callable six-month Libor and S&P 500 index range accrual notes due June 29, 2027, according to a 424B5 filing with the Securities and Exchange Commission.
Barclays Capital Inc. is the agent.
The coupon will accrue at 8% for each day that the index closes at or above 995 and six-month Libor is 7% or less. Interest is payable quarterly.
The payout at maturity will be par.
The notes will be callable at par on any interest payment date after five years.
| Issuer: | Lloyds TSB Bank plc
|
| Issue: | Callable six-month Libor and S&P 500 index range accrual notes
|
| Amount: | $3 million
|
| Maturity: | June 29, 2027
|
| Coupon: | 8% annualized for each index closes at or above 995 and six-month Libor is 7% or less; payable quarterly
|
| Price: | Variable
|
| Payout at maturity: | Par
|
| Call option: | At par on interest payment date beginning June 29, 2017
|
| Pricing date: | June 18
|
| Settlement date: | June 29
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 5%
|
| Cusip: | 5394E8AY5
|
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