By Susanna Moon
Chicago, Jan. 13 - Barclays Bank plc priced $3 million of fixed-rate callable range accrual notes due Jan. 27, 2026, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will accrue at 8% for each day that six-month Libor is 6.5% or less and the S&P 500 index closes at or above 900. Interest is payable quarterly and cannot be less than zero.
The payout at maturity will be par.
The notes will be callable at par on any interest payment date beginning Jan. 27, 2012.
Barclays Capital Inc. is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Fixed-rate callable range accrual notes
|
Amount: | $3 million
|
Maturity: | Jan. 27, 2026
|
Coupon: | 8% for each day that six-month Libor is at or below 6.5% and S&P 500 closes at or above 900; payable quarterly
|
Price: | Variable
|
Payout at maturity: | Par
|
Call option: | At par on interest payment dates after one year
|
Pricing date: | Jan. 12
|
Settlement date: | Jan. 27
|
Agent: | Barclays Capital Inc.
|
Fees: | 4%
|
Cusip: | 06740PYKS
|
© 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.