By Angela McDaniels
Tacoma, Wash., Sept. 14 - Barclays Bank plc priced $446,000 of callable step-up fixed-rate notes due Sept. 15, 2027, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon is 4.125% in years one through six, 5.125% in years seven through 11 and 6.5% in years 12 through 16. Interest is payable semiannually.
The payout at maturity will be par.
Beginning Sept. 15, 2012, the notes are callable at par on any interest payment date.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Callable step-up fixed-rate notes
|
| Amount: | $446,000
|
| Maturity: | Sept. 15, 2027
|
| Coupon: | 4.125% in years one through six, 5.125% in years seven through 11 and 6.5% in years 12 through 16; payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on any interest payment date from Sept. 15, 2012 onward
|
| Pricing date: | Sept. 12
|
| Settlement date: | Sept. 15
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 1.85%
|
| Cusip: | 06738JUE2
|
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