New Issue: Barclays prices $670,000 step-up notes due 2024 with 3% initial rate

By Angela McDaniels

Tacoma, Wash., Feb. 26 - Barclays Bank plc priced $670,000 of step-up fixed-rate callable notes due Feb. 28, 2024, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate is 3% in years one through six and 5% in years seven through 10. Interest is payable semiannually.

The payout at maturity will be par.

Beginning Feb. 28, 2020, the notes will be callable at par on any interest payment date.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Step-up fixed-rate callable notes
Amount:	$670,000
Maturity:	Feb. 28, 2024
Coupon:	3% in years one through six and 5% in years seven through 10; payable semiannually
Price:	Variable prices
Payout at maturity:	Par
Call option:	At par on any interest payment date from Feb. 28, 2020 onward
Pricing date:	Feb. 25
Settlement date:	Feb. 28
Agent:	Barclays
Fees:	1.25%
Cusip:	06741T6D4

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