New Issue: Barclays prices $575,000 step-up callable notes with 4% initial rate

By Angela McDaniels

Tacoma, Wash., Oct. 1 - Barclays Bank plc priced $575,000 of step-up fixed-rate callable notes due Oct. 3, 2028, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate is 4% in years one through nine, 4.5% in years 10 through 13, 5% in year 14 and 7% in year 15. Interest is 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 fixed-rate callable notes
Amount:	$575,000
Maturity:	Oct. 3, 2028
Coupon:	4% in years one through nine, 4.5% in years 10 through 13, 5% in year 14 and 7% in year 15; payable semiannually
Price:	Par
Payout at maturity:	Par
Call option:	At par on any interest payment date beginning Oct. 3, 2014
Pricing date:	Sept. 30
Settlement date:	Oct. 3
Agent:	Barclays
Fees:	1.75%
Cusip:	06741TM95

© 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.