New Issue: Barclays prices $100,000 15-year step-up notes with 3.75% initial rate

By Angela McDaniels

Tacoma, Wash., April 27 - Barclays Bank plc priced $100,000 of step-up fixed-rate notes due April 28, 2026, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate is 3.75% in years one through four, 4% in years five through seven, 4.5% in years eight through 10, 5% in years 11 and 12, 6% in year 13, 6.5% in year 14 and 7.5% in year 15. 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:	$100,000
Maturity:	April 28, 2026
Coupon:	3.75% in years one through four, 4% in years five through seven, 4.5% in years eight through 10, 5% in years 11 and 12, 6% in year 13, 6.5% in year 14 and 7.5% in year 15; payable semiannually
Price:	Par
Payout at maturity:	Par
Pricing date:	April 25
Settlement date:	April 28
Agent:	Barclays Capital Inc.
Fees:	1.6%
Cusip:	06738JPL2

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