New Issue: Barclays prices $2.1 million 10-year step-up notes with 4% initial rate

By Susanna Moon

Chicago, March 16 - Barclays Bank plc priced $2.1 million of step-up fixed-rate notes due March 17, 2021, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon is 4% for the first four years. After that, the rate will be 4.25% until March 17, 2017, 4.5% until March 17, 2019, 5.5% until March 17, 2020 and then 7% until maturity. 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:	$2,097,000
Maturity:	March 17, 2021
Coupon:	4% for four years, 4.25% to March 17, 2017, 4.5% to March 17, 2019, 5.5% to March 17, 2020 and 7% thereafter; payable semiannually
Price:	Par
Payout at maturity:	Par
Pricing date:	March 14
Settlement date:	March 17
Agent:	Barclays Capital Inc.
Fees:	1.25%
Cusip:	06738JJ88

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