New Issue: Barclays prices $138,000 step-up fixed-rate notes with 4% initial rate

By Toni Weeks

San Diego, May 25 - Barclays Bank plc priced $138,000 of step-up fixed-rate notes due May 26, 2031, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon is 4% for the first eight years. It will step up to 4.25% on May 26, 2019, to 4.75% on May 26, 2023, to 5% on May 26, 2027, to 6% on May 26, 2029 and to 8% on May 26, 2030. 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:	$138,000
Maturity:	May 26, 2031
Coupon:	4% initially, steps up to 4.25% on May 26, 2019, to 4.75% on May 26, 2023, to 5% on May 26, 2027, to 6% on May 26, 2029 and to 8% on May 26, 2030; payable semiannually
Price:	Par
Payout at maturity:	Par
Pricing date:	May 23
Settlement date:	May 26
Agent:	Barclays Capital Inc.
Fees:	2.4%
Cusip:	06738JQR8

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