New Issue: Barclays prices $12.04 million callable step-up notes with 5.15% initial rate

By Jennifer Chiou

New York, Sept. 28 - Barclays Bank plc priced $12.04 million of callable step-up fixed-rate notes due Sept. 30, 2036, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon is 5.15% for the first 10 years, stepping up to 5.5% on Sept. 30, 2021, to 5.75% on Sept. 30, 2026 and to 6.5% on Sept. 30, 2031. Interest is payable semiannually.

The payout at maturity will be par.

The notes are callable at par on any interest payment date after one year.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable step-up fixed-rate notes
Amount:	$12,044,000
Maturity:	Sept. 30, 2036
Coupon:	5.15% initially, stepping up to 5.5% on Sept. 30, 2021, to 5.75% on Sept. 30, 2026 and to 6.5% on Sept. 30, 2031; payable semiannually
Price:	Par
Payout at maturity:	Par
Call option:	At par on any interest payment date beginning on Sept. 30, 2012
Pricing date:	Sept. 27
Settlement date:	Sept. 30
Agent:	Barclays Capital Inc.
Fees:	2.5%
Cusip:	06738JUR3

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