Barclays redeems $1.5 million of fixed-rate range accrual notes

By Marisa Wong

Madison, Wis., March 22 - Barclays Bank plc said it redeemed all $1.5 million of its outstanding fixed-rate callable range accrual notes due Dec. 22, 2025.

The notes (Cusip: 06740PR99) were redeemed on March 22 at par plus accrued interest. At the time of redemption, the coupon was equal to 6.3% times the number of days on which six-month Libor was 6.5% or less and the S&P 500 index was at or above 775.

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