By Angela McDaniels
Tacoma, Wash., Dec. 21 - Barclays Bank plc priced $4.34 million of step-up fixed-rate callable notes due Dec. 23, 2016, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is 3.05% for the first two years, 3.25% for the third and fourth years, 4.25% for the fifth year and 6% for the sixth year. Interest is payable semiannually.
The payout at maturity will be par.
Beginning Dec. 23, 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: | $4.34 million
|
| Maturity: | Dec. 23, 2016
|
| Coupon: | 3.05% for first two years, 3.25% for third and fourth years, 4.25% for fifth year and 6% for sixth year; payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on interest payment dates from Dec. 23, 2011 onward
|
| Pricing date: | Dec. 20
|
| Settlement date: | Dec. 23
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 1.25%
|
| Cusip: | 06740PYD2
|
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