By Wendy Van Sickle
Columbus, Ohio, Jan. 3 – Barclays Bank plc priced $25 million of step-up fixed-rate callable notes due Dec. 29, 2020, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be 2.375% for the first two years, stepping up to 3.375% on Dec. 29, 2019. Interest will be payable semiannually.
The payout at maturity will be par.
The notes will be callable at par on any interest payment date beginning Dec. 29, 2019.
Barclays Capital Inc. is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Step-up fixed-rate callable notes
|
Amount: | $25 million
|
Maturity: | Dec. 29, 2020
|
Coupon: | 2.375% for the first two years, stepping up to 3.375% on Dec. 29, 2019; payable semiannually
|
Price: | Par of $1,000
|
Payout at maturity: | Par
|
Call option: | At par on any interest payment date beginning Dec. 29, 2019
|
Pricing date: | Dec. 21
|
Settlement date: | Dec. 29
|
Underwriters: | Barclays Capital Inc.
|
Fees: | 0.4%
|
Cusip: | 06744CPX3
|
|
© 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.