By Angela McDaniels
Tacoma, Wash., April 26 - Barclays Bank plc priced an additional $1.55 million of fixed-rate callable range accrual notes due April 28, 2026 linked to six-month Libor and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The original $1 million of notes priced April 1. The total issue size is now $2.55 million.
The interest rate is 7.35% per year multiplied by the proportion of days on which the index closes at or above 950 and six-month Libor is 7% or less. Interest is payable quarterly.
The payout at maturity will be par.
Beginning April 28, 2012, the notes will be callable at par on any interest payment date.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Fixed-rate callable range accrual notes
|
| Underlying components: | S&P 500 index and six-month Libor
|
| Amount: | $2,548,000, increased from $1 million
|
| Maturity: | April 28, 2026
|
| Coupon: | 7.35% per year multiplied by proportion of days on which index closes at or above 950 and six-month Libor is 7% or less; payable quarterly
|
| Price: | Variable prices
|
| Payout at maturity: | Par
|
| Call option: | At par on any interest payment date after one year
|
| Pricing dates: | April 1 for $1 million; April 25 for $1,548,000
|
| Settlement date: | April 28
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 3%
|
| Cusip: | 06738KGT2
|
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