By Angela McDaniels
Tacoma, Wash., April 26 - Barclays Bank plc priced $13.03 million of step-up fixed-rate callable notes due April 30, 2019, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is 3% in years one through four, 3.5% in year five, 4% in year six and 6% in year seven. Interest is payable semiannually.
The payout at maturity will be par.
Beginning April 30, 2014, the notes will be callable at par on any interest payment date.
Barclays Capital Inc. is the agent.
Issuer: | Barclays Bank plc
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Issue: | Step-up fixed-rate callable notes
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Amount: | $13,027,000
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Maturity: | April 30, 2019
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Coupon: | 3% in years one through four, 3.5% in year five, 4% in year six and 6% in year seven; payable semiannually.
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Price: | Par
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Payout at maturity: | Par
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Call option: | At par on interest payment dates from April 30, 2014 onward
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Pricing date: | April 26
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Settlement date: | April 30
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Agent: | Barclays Capital Inc.
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Fees: | 1%
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Cusip: | 06738K3D1
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