New Issue: Barclays sells $970,000 step-up notes due 2023 with 3.75% initial rate

New York, Nov. 24 - Barclays Bank plc priced $970,000 of step-up fixed-rate notes due Nov. 26, 2023, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate is initially 3.75%. It steps up to 4% on Nov. 26, 2013, to 4.25% on Nov. 26, 2017, 4.5% on Nov. 26, 2021 and to 6% on Dec. 22, 2022. Interest is payable semi-annually.

The payout at maturity will be par.

The notes are not callable.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Step-up fixed-rate notes
Amount:	$970,000
Maturity:	Nov. 26, 2023
Coupon:	3.75% initially, 4% from Nov. 26, 2013, 4.25% from Nov. 26, 2017, 4.5% from Nov. 26, 2021 and 6% from Nov. 26, 2022
Price:	Par
Payout at maturity:	Par
Call option:	None
Pricing date:	Nov. 22
Settlement date:	Nov. 26
Agent:	Barclays Capital Inc.
Fees:	1.55%
Cusip:	06738J2W3

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