Published on 6/21/2013 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $1.41 million step-up fixed-rate callable notes due 2033
By Marisa Wong
Madison, Wis., June 21 - Barclays Bank plc priced $1.41 million of step-up fixed-rate callable notes due June 24, 2033, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon is 3.25% for the first five years. It will step up to 3.5% on June 24, 2018, to 4% on June 24, 2023, to 5% on June 24, 2027, to 6% on June 24, 2030 and to 8% on June 24, 2032. Interest is payable semiannually.
The payout at maturity will be par.
The notes will be callable at par on any interest payment date beginning June 24, 2014.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Step-up fixed-rate callable notes
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Amount: | $1,412,000
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Maturity: | June 24, 2033
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Coupon: | 3.25% for first five years, steps up to 3.5% on June 24, 2018, to 4% on June 24, 2023, to 5% on June 24, 2027, to 6% on June 24, 2030 and to 8% on June 24, 2032; payable semiannually
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Price: | Variable
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Payout at maturity: | Par
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Call option: | At par on any interest payment date
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Pricing date: | June 19
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Settlement date: | June 24
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Agent: | Barclays
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Fees: | 3.5%
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Cusip: | 06741TWM5
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