New Issue: Barclays prices $263,000 step-up notes due 2023 with 4.5% initial rate

By Angela McDaniels

Tacoma, Wash., Feb. 24 - Barclays Bank plc priced $263,000 of step-up fixed-rate notes due Feb. 25, 2023, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon is initially 4.5%. It will step up to 4.75% on Feb. 25, 2016, to 5% on Feb. 25, 2018, to 5.25% on Feb. 25, 2020 and to 7% on Feb. 25, 2022. Interest is payable semiannually.

The payout at maturity will be par.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Step-up fixed-rate notes
Amount:	$263,000
Maturity:	Feb. 25, 2023
Coupon:	4.5% for years one through five, 4.75% for years six and seven, 5% for years eight and nine, 5.25% for years 10 and 11, 7% for year 12; payable semiannually
Price:	Par
Payout at maturity:	Par
Pricing date:	Feb. 22
Settlement date:	Feb. 25
Agent:	Barclays Capital Inc.
Fees:	1.45%
Cusip:	06738JE83

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