Published on 7/6/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $7 million five-year callable step-up notes with 2% initial rate
By Susanna Moon
Chicago, July 6 – Barclays Bank plc priced $7 million of callable step-up notes due June 20, 2022, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be 2% for the first three years, stepping up to 3.35% on June 16, 2020. Interest will be payable semiannually.
The payout at maturity will be par.
The notes will be callable at par on any interest payment date after one year.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Callable step-up notes
|
| Amount: | $7 million
|
| Maturity: | June 20, 2022
|
| Coupon: | 2% initially, stepping up to 3% on June 20, 2019, to 4% on June 20, 2020 and to 5% on June 20, 2021; payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on any interest payment date beginning on June 20, 2018
|
| Pricing date: | June 13
|
| Settlement date: | June 20
|
| Agent: | Barclays
|
| Fees: | 0.625%
|
| Cusip: | 06741VW81
|
|
|
|
|
© 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.
