New Issue: Barclays prices $6 million step-up callable notes with 3% initial rate

By Susanna Moon

Chicago, Nov. 21 - Barclays Bank plc priced $6 million of fixed-rate step-up callable notes due Nov. 26, 2029, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 3% for the first seven years, stepping up to 4% on Nov. 26, 2019, to 4.5% on Nov. 26, 2023, to 5.5% on Nov. 26, 2025 and to 7.5% on Nov. 26, 2027. Interest will be payable semiannually.

The payout at maturity will be par.

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

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Fixed-rate step-up callable notes
Amount:	$6 million
Maturity:	Nov. 26, 2029
Coupon:	3% initially, stepping up to 4% on Nov. 26, 2019, to 4.5% on Nov. 26, 2023, to 5.5% on Nov. 26, 2025 and to 7.5% on Nov. 26, 2027; payable semiannually
Payout at maturity:	Par
Call option:	At par on any interest payment date beginning Nov. 26, 2013
Pricing date:	Nov. 20
Settlement date:	Nov. 26
Agent:	Barclays
Fees:	1.75%
Cusip:	06741TKC0

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