Published on 9/27/2012 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $6.6 million step-up callable notes with 3% initial rate
By Jennifer Chiou
New York, Sept. 27 - Barclays Bank plc priced $6,596,000 of step-up callable notes due Sept. 28, 2027, 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 Sept. 28, 2019, to 5% on Sept. 28, 2022, to 6% on Sept. 28, 2024, to 7% on Sept. 28, 2025 and to 8% on Sept. 28, 2026. Interest will be payable semiannually.
The payout at maturity will be par.
The notes will be callable at par on any interest payment date beginning on March 28, 2013.
Barclays is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Step-up callable notes
|
Amount: | $6,596,000
|
Maturity: | Sept. 28, 2027
|
Coupon: | 3% initially, stepping up to 4% on Sept. 28, 2019, to 5% on Sept. 28, 2022, to 6% on Sept. 28, 2024, to 7% on Sept. 28, 2025 and to 8% on Sept. 28, 2026; payable semiannually
|
Price: | Par
|
Payout at maturity: | Par
|
Call option: | At par on any interest payment date beginning on March 28, 2013
|
Pricing date: | Sept. 25
|
Settlement date: | Sept. 28
|
Agents: | Barclays
|
Fees: | 2.25%
|
Cusip: | 06741TGL5
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.