New Issue: Barclays prices $25 million of 10-year step-up callable notes with 3.25%-4.25% rates

By Susanna Moon

Chicago, Nov. 27 – Barclays Bank plc priced $25 million of step-up callable notes due Nov. 24, 2027, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be 3.25% for the first six years, stepping up to 4.25% on Nov. 24, 2023. Interest is payable semiannually.

The notes will be callable at par on any interest payment date after six years.

The payout at maturity will be par.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Step-up callable notes
Amount:	$25 million
Maturity:	Nov. 24, 2027
Coupon:	3.25% initially, stepping up to 4.25% on Nov. 24, 2023; payable semiannually
Price:	Par
Payout at maturity:	Par
Call option:	At par on any interest payment date beginning Nov. 24, 2023
Pricing date:	Nov. 17
Settlement date:	Nov. 24
Agent:	Barclays
Fees:	1%
Cusip:	06744CK26

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