By Jennifer Chiou
New York, Aug. 16 - Barclays Bank plc upsized its issue of callable step-up fixed-rate notes due Aug. 19, 2031 to $4 million from $1 million, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon is 5% for the first 11 years. It will step up to 6% on Aug. 19, 2022 and to 7% on Aug. 19, 2027. Interest is payable semiannually.
The notes are callable at par on any interest payment date beginning on Aug. 19, 2012.
The payout at maturity will be par.
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: | $4 million (upsized from $1 million)
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Maturity: | Aug. 19, 2031
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Coupon: | 5% initially, stepping up to 6% on Aug. 19, 2022 and to 7% on Aug. 19, 2027; payable semiannually
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Price: | Variable
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Payout at maturity: | Par
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Call option: | At par on any interest payment date beginning on Aug. 19, 2012
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Pricing date: | July 22
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Upsize date: | Aug. 16
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Settlement date: | Aug. 19
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Agent: | Barclays Capital Inc.
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Fees: | 4%
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Cusip: | 06738KPX3
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