Published on 2/10/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $15 million step-up callables with 1.75% initial rate
By Marisa Wong
Morgantown, W.Va., Feb. 10 – Barclays Bank plc priced $15 million of step-up fixed-rate callable notes due Feb. 22, 2019, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be 1.75% initially, stepping up to 2.25% on Feb. 22, 2018. Interest will be payable semiannually.
The payout at maturity will be par.
The notes will be callable on any interest payment date beginning Aug. 22, 2017.
Barclays is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | Step-up fixed-rate callable notes
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| Amount: | $15 million
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| Maturity: | Feb. 22, 2019
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| Coupon: | 1.75% initially, stepping up to 2.25% on Feb. 22, 2018; payable semiannually
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| Price: | Par of $1,000
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| Payout at maturity: | Par
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| Call option: | At par on any interest payment date beginning Aug. 22, 2017
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| Pricing date: | Feb. 6
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| Settlement date: | Feb. 22
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| Agent: | Barclays
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| Fees: | 0.5%
|
| Cusip: | 06741VKF8
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