New Issue: Barclays sells $20 million step-up callable notes with 2% initial rate

By Marisa Wong

Morgantown, W.Va., July 6 – Barclays Bank plc priced $20 million of step-up fixed-rate callable notes due June 30, 2020, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will accrue at 2% for the first two years, stepping up to 4% on June 30, 2019. Interest will be payable monthly.

The notes will be callable at par on June 30, 2019.

The payout at maturity will be par.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Step-up fixed-rate callable notes
Amount:	$20 million
Maturity:	June 30, 2020
Coupon:	2% initially, stepping up to 4% on June 30, 2019; payable monthly
Price:	Par
Payout at maturity:	Par
Call option:	At par on June 30, 2019
Pricing date:	June 27
Settlement date:	June 30
Agent:	Barclays
Fees:	0.35%
Cusip:	06741VYY2

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