Published on 3/23/2011 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.5 million 10-year step-up notes with 4% initial rate
By Angela McDaniels
Tacoma, Wash., March 23 - Barclays Bank plc priced $1.5 million of step-up fixed-rate notes due March 24, 2021, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is 4% for years one through five, 4.25% for years six through eight, 5.5% for year nine and 7% for year 10. 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: | $1,499,000
|
| Maturity: | March 24, 2021
|
| Coupon: | 4% for years one through five, 4.25% for years six through eight, 5.5% for year nine and 7% for year 10; payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | None
|
| Pricing date: | March 21
|
| Settlement date: | March 24
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 1.25%
|
| Cusip: | 06738JL28
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
