New Issue-Bank of England prices $2 bln 2017 bond

Mar 10 (Reuters) -Following are terms and conditions

of a bond priced on Monday.

Borrower Bank of England

Issue Amount $2 billion

Maturity Date March 17, 2017

Coupon 0.875 pct

Issue price 99.976

Reoffer price 99.976

Spread 2 basis points

Underlying govt bond Through Mid-Swaps, equivalent to 12.25 bp

Over the 0.625 pct Feb 2017 UST

Payment Date March 17, 2014

Lead Manager(s) Barclays (LSE: BARC.L - news) , Credit Suisse (NYSE: CS - news) , JP Morgan (Other OTC: JPYYL - news) , Royal

Bank of Canada CM, Bank of America Merrill

Lynch, BNP Paribas (Milan: BNP.MI - news) , Citi, Deutsche Bank (Xetra: DBK.DE - news) ,

Goldman Sachs International, HSBC and Morgan (Other OTC: MGHL - news)

Stanley (Shenzhen: 002588.SZ - news) .

Ratings Aa1 (Moody's)

Listing London

Full fees Undisclosed

Denoms (K) 1

Governing Law English

Notes Launched under issuer's DIP programme

Reg S ISIN XS1045278410

144A ISIN US06425YAF60

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