By Toni Weeks
San Diego, July 22 - Barclays Bank plc priced $4.25 million of callable range accrual notes due July 29, 2026 linked to six-month Libor and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay a coupon of 8.25% on each day that six-month Libor is 6% or less and the Russell 2000 index is 600 or greater. Interest is payable semiannually.
The payout at maturity will be par.
The notes will be callable at par on any interest payment date after one year.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Callable range accrual notes
|
| Underlying components: | Six-month Libor, Russell 2000 index
|
| Amount: | $4.25 million
|
| Maturity: | July 29, 2026
|
| Coupon: | 7.43% on each day that six-month Libor is 6% or less and Russell 2000 is 600 or greater; payable quarterly
|
| Price: | Variable
|
| Payout at maturity: | Par
|
| Call option: | At par on any interest payment date beginning on July 29, 2012
|
| Pricing date: | July 21
|
| Settlement date: | July 29
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 2.5%
|
| Cusip: | 06738KQC8
|
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