By Susanna Moon
Chicago, Oct. 20 - Barclays Bank plc priced $500,000 of step-up fixed-rate callable notes due Nov. 18, 2025, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be 4% for the first six years. The rate will be 4.5% from Nov. 18, 2016 to Nov. 17, 2019, 5% from Nov. 18, 2019 to Nov. 17, 2022 and 7.25% thereafter until maturity. Interest is payable semiannually.
The payout at maturity will be par.
The notes will be callable at par on any interest payment date beginning Nov. 18, 2011.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Step-up fixed-rate callable notes
|
| Amount: | $500,000
|
| Maturity: | Nov. 18, 2025
|
| Coupon: | 4% for six years; 4.5% for years seven to nine; 5% for years 10 to 12; 7.25% thereafter
|
| Price: | Variable
|
| Payout at maturity: | Par
|
| Call option: | At par on interest payment dates after one year
|
| Pricing date: | Oct. 19
|
| Settlement date: | Nov. 18
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 3%
|
| Cusip: | 06740P3C8
|
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