By Susanna Moon
Chicago, April 7 - Barclays Bank plc priced another $2 million of fixed-rate callable range accrual notes due April 8, 2026 linked to six-month Libor and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
This brings the total deal size to $27 million, up from $25 million.
The coupon will accrue at 8% for each day that the index closes at or above 925 and six-month Libor is 6.5% or less. Interest is payable quarterly.
The payout at maturity will be par.
Beginning April 8, 2012, the notes will be callable at par on any interest payment date.
Barclays Capital Inc. is the agent.
Issuer: | Barclays Bank plc
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Issue: | Fixed-rate callable range accrual notes
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Underlying components: | S&P 500 index and six-month Libor
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Amount: | $27 million, up from $25 million
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Maturity: | April 8, 2026
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Coupon: | 8% for each day that index closes at or above 925 and six-month Libor is 6.5% or less; payable quarterly
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Price: | Variable
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Payout at maturity: | Par
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Call option: | At par on any interest payment date after one year
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Pricing dates: | March 28 for $25 million; April 5 for $2 million
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Settlement date: | April 8
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Agent: | Barclays Capital Inc.
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Fees: | 3.25%
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Cusip: | 06738KFM8
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