By Jennifer Chiou
New York, Dec. 21 - Barclays Bank plc priced another $3.9 million of step-up fixed-rate callable notes due Dec. 22, 2030, according to a 424B2 filing with the Securities and Exchange Commission.
The total amount is now $4 million of notes.
The interest rate is initially 4.75% and steps up to 5.25% on Dec. 22, 2020, to 6% on Dec. 22, 2024 and to 8% on Dec. 22, 2028. Interest is payable semiannually.
The payout at maturity will be par.
Beginning Dec. 22, 2011, the notes are callable at par on any interest payment date.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Step-up fixed-rate callable notes
|
| Amount: | $4 million (up from $100,000)
|
| Maturity: | Dec. 22, 2030
|
| Coupon: | 4.75% for years one through 10, 5.25% for years 11 through 14, 6% for years 15 through 18 and 8% for years 19 and 20; payable semiannually
|
| Price: | Variable
|
| Payout at maturity: | Par
|
| Call option: | At par on any interest payment date from Dec. 22, 2011 onward
|
| Pricing date: | Nov. 18 for original $100,000; Dec. 17 for add-on
|
| Settlement date: | Dec. 22
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 4.5%
|
| Cusip: | 06740PP34
|
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