New Issue: Barclays prices $2.83 million step-up notes with 3.75% initial rate

By Marisa Wong

Madison, Wis., March 25 - Barclays Bank plc priced $2.83 million of step-up fixed-rate callable notes due March 27, 2029, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate is 3.75% initially and steps up to 4% on March 27, 2020, to 5% on March 27, 2025, to 6% on March 27, 2027 and to 7% on March 27, 2028. Interest is payable semiannually.

The payout at maturity will be par.

Beginning March 27, 2015, 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:	$2,829,000
Maturity:	March 27, 2029
Coupon:	3.75% initially, steps up to 4% on March 27, 2020, to 5% on March 27, 2025, to 6% on March 27, 2027 and to 7% on March 27, 2028; payable semiannually
Price:	Par
Payout at maturity:	Par
Call option:	At par on any interest payment date from March 27, 2015 onward
Pricing date:	March 24
Settlement date:	March 27
Agent:	Barclays
Fees:	2.25%
Cusip:	06741T7H4

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