By Marisa Wong
Madison, Wis., March 1 - Barclays Bank plc priced $1 million of step-up fixed-rate callable notes due March 21, 2031, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be 5.125% for the first seven years, 5.5% for years eight through 14, 7.25% for years 15 through 18 and 8% to maturity. Interest is payable semiannually.
The notes are callable at par on any interest payment date beginning March 21, 2012.
The payout at maturity will be par.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Step-up fixed-rate callable notes
|
| Amount: | $1 million
|
| Maturity: | March 21, 2031
|
| Coupon: | 5.125% for the first seven years, 5.5% for years eight through 14, 7.25% for years 15 through 18 and 8% to maturity; payable semiannually
|
| Price: | Variable
|
| Payout at maturity: | Par
|
| Call: | At par on any interest payment date beginning March 21, 2012
|
| Pricing date: | March 1
|
| Settlement date: | March 21
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 4%
|
| Cusip: | 06738KCY5
|
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