By Angela McDaniels
Tacoma, Wash., May 3 - Barclays Bank plc priced an additional $2 million of callable step-up fixed-rate notes due May 6, 2021, according to a 424B2 filing with the Securities and Exchange Commission.
The original $1 million of notes priced April 11. The total issue size is now $3 million.
The coupon is 4.25% for the first seven years. After that, it will step up to 5% on May 6, 2018, to 7% on May 6, 2019 and to 10% on May 6, 2020. Interest is payable semiannually.
The payout at maturity will be par.
Beginning May 6, 2012, the notes will be callable at par on any interest payment date.
Barclays Capital Inc. is the agent.
Issuer: | Barclays Bank plc
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Issue: | Callable step-up fixed-rate notes
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Amount: | $3 million, increased from $1 million
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Maturity: | May 6, 2021
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Coupon: | 4.25% initially, 5% beginning May 6, 2018, 7% beginning May 6, 2019 and 10% beginning May 6, 2020; payable semiannually
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Price: | Variable prices
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Payout at maturity: | Par
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Call option: | At par on interest payment dates beginning May 6, 2012
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Pricing dates: | April 11 for $1 million; May 3 for $2 million
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Settlement date: | May 6
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Agent: | Barclays Capital Inc.
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Fees: | 3%
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Cusip: | 06738KHC8
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