New Issue: Barclays prices $581,000 10-year callable step-up notes with 2.75% initial rate

By Susanna Moon

Chicago, June 17 - Barclays Bank plc priced $581,000 of step-up fixed-rate callable notes due June 19, 2023, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be 2.75% for the first six years, stepping up to 3% on June 19, 2019, to 4% on June 19, 2021, to 5% on June 19, 2022. Interest is payable semiannually.

The payout at maturity will be par.

The notes are 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:	$581,000
Maturity:	June 19, 2023
Coupon:	2.75% initially, stepping up to 3% on June 19, 2019, to 4% on June 19, 2021, to 5% on June 19, 2022; payable semiannually
Price:	Variable
Payout at maturity:	Par
Call option:	At par on any interest payment date beginning June 19, 2014
Pricing date:	June 14
Settlement date:	June 19
Agent:	Barclays
Fees:	1.5%
Cusip:	06741TWA1

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