UPDATE 2-U.S. Treasury prices Capital One warrants offer

(Adds information on warrants, background)

WASHINGTON Dec 4 (Reuters) - The U.S. Treasury Department said on Friday that a sale of warrants to buy stock in Capital One Financial Corp (COF.N) had been priced at $11.75 a warrant and they will be listed on the New York Stock Exchange.

The offering will represent the sale of the Treasury's total interest in Capital One, which had given the warrants to Treasury when it received $3.55 billion in taxpayer-funded cash infusions last year from the government's $700 billion Troubled Asset Relief Program.

The Treasury said the warrants sale should bring net proceeds of $146.5 million, providing an additional return to taxpayers beyond dividend payments that Treasury received on related preferred stock.

The Capital One sale is the first for such warrants. The Treasury has said it also has plans to auction its warrant positions in JPMorgan Chase & Co (JPM.N) and TCF Financial Corp (TCB.N).

The Treasury said the price was set in a Dutch-style auction on Thursday run by Deutsche Bank Securities Inc., the sole book-running manager. It said Siebert Capital Markets is co-manager for the offering.

Warrants are a right to buy stock at a certain price on a fixed date. Each Capital One warrant will give a holder the right to buy one share of Capital One at an exercise price of $42.13. The warrants expire on Nov. 14, 2018.

Capital One specialized in credit cards but expanded into branch banking in recent years after buying Hibernia Corp. and North Fork Bancorp. It also recently acquired Chevy Chase Bank, which has branches in the Washington, D.C., metropolitan area.

Capital One stock was up 92 cents, or 2.5 percent, at $37.84 a share in early trading on Friday. (Reporting by Glenn Somerville; Editing by Neil Stempleman) ((glenn.somerville@thomsonreuters.com; Tel: +1-202-898-8377; Reuters Messaging: glenn.somerville.reuters.com@reuters.net))