By Toni Weeks
San Diego, May 2 - Barclays Bank plc priced an additional $11 million of callable step-up fixed-rate notes due May 4, 2022, according to a 424B2 filing with the Securities and Exchange Commission.
This brings the total deal size to $12 million. The initial $1 million of notes priced April 20.
The coupon is 3.25% for the first three years. It will step up to 4% on May 4, 2015, to 5% on May 4, 2018 and to 6% on May 4, 2020. Interest is payable semiannually.
The notes are callable at par on any interest payment date after one year.
The payout at maturity will be par.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Callable step-up fixed-rate notes
|
| Amount: | $12 million, increased from $1 million
|
| Maturity: | May 4, 2022
|
| Coupon: | 3.25% initially, stepping up to 4% on May 4, 2015, to 5% on May 4, 2018 and to 6% on May 4, 2020; payable semiannually
|
| Price: | Variable
|
| Call option: | At par on any interest payment date beginning May 4, 2013
|
| Payout at maturity: | Par
|
| Pricing dates: | April 20 for $1 million; May 1 for $11 million
|
| Settlement date: | May 4
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 3%
|
| Cusip: | 06738K3Z2
|
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