New Issue: Barclays prices $10.52 million callable step-up notes due 2034 with 4% initial rate

By Toni Weeks

San Diego, Sept. 19 - Barclays Bank plc priced $10.52 million of callable step-up fixed-rate notes due Sept. 20, 2034, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon is 4% for the first 10 years. It will step up to 5% on Sept. 20, 2022, to 6% on Sept. 20, 2027 and to 7% on Sept. 20, 2032. 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 is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable step-up fixed-rate notes
Amount:	$10,516,000
Maturity:	Sept. 20, 2034
Coupon:	4% initially, stepping up to 5% on Sept. 20, 2022, to 6% on Sept. 20, 2027 and to 7% on Sept. 20, 2032; payable semiannually
Price:	Par
Call option:	At par on any interest payment date beginning Sept. 20, 2013
Payout at maturity:	Par
Pricing date:	Sept. 17
Settlement date:	Sept. 20
Agent:	Barclays
Fees:	2.25%
Cusip:	06741TFM4

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