New Issue: Barclays prices $14.36 million more step-up callable notes with 3% initial rate

By Toni Weeks

San Diego, Jan. 25 - Barclays Bank plc priced an additional $14.36 million of its step-up callable fixed-rate notes due Jan. 28, 2028, according to a 424B2 filing with the Securities and Exchange Commission.

This brings the total deal size to $15.36 million. The initial $1 million of the notes priced Jan. 7.

The coupon will be 3% for the first six years, stepping up to 4% on Jan. 28, 2019, to 5% on Jan. 28, 2022 and to 6% on Jan. 28, 2025. Interest will be payable semiannually.

The payout at maturity will be par.

The notes will be callable at par on any interest payment date after one year.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Step-up callable fixed-rate notes
Amount:	$15,356,000, increased from $1 million
Maturity:	Jan. 28, 2028
Coupon:	3% initially, stepping up to 4% on Jan. 28, 2019, to 5% on Jan. 28, 2022 and to 6% on Jan. 28, 2025; payable semiannually
Price:	Variable
Payout at maturity:	Par
Call option:	At par on any interest payment date beginning Jan. 28, 2014
Pricing dates:	Jan. 7 for ($1 million), Jan. 23 (for $14,356,000)
Settlement date:	Jan. 28
Agent:	Barclays
Fees:	2.25%
Cusip:	06741TMN4

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