New Issue: Barclays prices $1.65 million step-up notes with 2.25% initial rate

By Angela McDaniels

Tacoma, Wash., Jan. 24 - Barclays Bank plc priced $1.65 million of step-up fixed-rate callable notes due July 28, 2021, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate is 2.25% in years one through three, 3.25% in years four through six and 5.25% in the last 18 months before maturity. Interest is payable quarterly.

The payout at maturity will be par.

The notes are callable at par on any interest payment date.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Step-up fixed-rate callable notes
Amount:	$1,651,000
Maturity:	July 28, 2021
Coupon:	2.25% in years one through three, 3.25% in years four through six and 5.25% in last 18 months prior to maturity; payable quarterly
Price:	Variable prices
Payout at maturity:	Par
Call option:	At par on any interest payment date
Pricing date:	Jan. 23
Settlement date:	Jan. 28
Agent:	Barclays
Fees:	1.5%
Cusip:	06741T4R5

© 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.