By Angela McDaniels
Tacoma, Wash., Feb. 27 - Barclays Bank plc priced an additional $655,000 of step-up fixed-rate callable notes due Feb. 28, 2027, according to a 424B2 filing with the Securities and Exchange Commission.
The additional notes bring the issue size to $1.66 million.
The interest rate is 4% in years one through three, 4.125% in years four through six, 5% in years seven through nine, 6% in years 10 through 12 and 7% in years 13 through 15. Interest is payable semiannually.
The payout at maturity will be par.
Beginning Feb. 28, 2013, the notes 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: | $1,655,000, increased from $1 million
|
| Maturity: | Feb. 28, 2027
|
| Coupon: | 4% in years one through three, 4.125% in years four through six, 5% in years seven through nine, 6% in years 10 through 12 and 7% in years 13 through 15; payable semiannually
|
| Price: | Variable prices
|
| Payout at maturity: | Par
|
| Call option: | At par on any interest payment date from Feb. 28, 2013 onward
|
| Pricing dates: | Feb. 9 for $1 million; Feb. 23 for $655,000
|
| Settlement date: | Feb. 28
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 3.5%
|
| Cusip: | 06738KQ61
|
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