New Issue: Barclays prices $90,000 more callable step-up notes with 4.25% initial rate

By Jennifer Chiou

New York, Aug. 9 - Barclays Bank plc priced another $90,000 of step-up fixed-rate callable notes due Aug. 11, 2026 to upsize the amount to about $12.1 million, up from the original $1 million, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon is 4.25% for the first six years. It will step up to 5.25% on Aug. 11, 2017, to 6.25% on Aug. 11, 2021 and to 8.25% on Aug. 11, 2024. Interest is payable semiannually.

The payout at maturity will be par.

After one year, the notesa will be callable at par on any interest payment date.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Step-up fixed-rate callable notes
Amount:	$12,095,000, up from original $1 million
Maturity:	Aug. 11, 2026
Coupon:	4.25% initially, steps up to 5.25% on Aug. 11, 2017, to 6.25% on Aug. 11, 2021 and to 8.25% on Aug. 11, 2024; payable semiannually
Price:	Variable
Payout at maturity:	Par
Call option:	At par on interest payment dates starting June 15, 2012
Pricing date:	July 11 for $1 million; Aug. 8 for $11,005,000 and $90,000
Settlement date:	Aug. 11
Agent:	Barclays Capital Inc.
Fees:	3%
Cusip:	06738KPG0

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