Barclays priced $500 million of notes backed by credit card receivables Thursday via its Drydock Issuance Trust.

The Series 201502 notes have an expected final payment date of May 2018 and are rated triple-A by Standard & Poor’s and Fitch Ratings. According to a regulatory filing, they pay interest of 1.56% per year and were priced at 9.994% of par.

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