By Angela McDaniels
Tacoma, Wash., March 18 - Barclays Bank plc increased the issue size of its step-up fixed-rate callable notes due March 21, 2031 to $3 million from $1 million, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon is 5.125% for the first seven years, 5.5% for years eight through 14, 7.25% for years 15 through 18 and 8% for years 19 and 20. Interest is payable semiannually.
The payout at maturity will be par.
The notes are callable at par on any interest payment date beginning March 21, 2012.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Step-up fixed-rate callable notes
|
| Amount: | $3 million, upsized from $1 million
|
| Maturity: | March 21, 2031
|
| Coupon: | 5.125% for first seven years, 5.5% for years eight through 14, 7.25% for years 15 through 18 and 8% for years 19 and 20; payable semiannually
|
| Price: | Variable prices
|
| Payout at maturity: | Par
|
| Call option: | At par on any interest payment date beginning March 21, 2012
|
| Pricing dates: | March 1 for $1 million; March 16 for $2 million
|
| Settlement date: | March 21
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 4%
|
| Cusip: | 06738KCY5
|
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