New Issue: Barclays prices $19.67 million step-up callable notes due 2028 via BofA

By Angela McDaniels

Tacoma, Wash., March 19 - Barclays Bank plc priced $19.67 million of step-up fixed-rate callable notes due March 20, 2028, according to a 424B2 filing with the Securities and Exchange Commission.

BofA Merrill Lynch is the underwriter.

The interest rate is 3.07% in years one through seven, 4.07% in years eight through 10, 5.07% in years 11 through 13 and 6.57% in years 14 and 15. Interest is payable semiannually.

The payout at maturity will be par.

Beginning March 20, 2014, the notes are callable at par on any interest payment date.

Issuer:	Barclays Bank plc
Issue:	Step-up fixed-rate callable notes
Amount:	$19,672,000
Maturity:	March 20, 2028
Coupon:	3.07% in years one through seven, 4.07% in years eight through 10, 5.07% in years 11 through 13 and 6.57% in years 14 and 15; payable semiannually
Price:	Par
Payout at maturity:	Par
Call option:	Beginning March 20, 2014, at par on any interest payment date
Pricing date:	March 15
Settlement date:	March 20
Underwriter:	BofA Merrill Lynch
Fees:	1.75%
Cusip:	06741TQW0

© 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.