New Issue: Barclays prices $10 million step-up callable notes with 3.9% initial rate

By Angela McDaniels

Tacoma, Wash., Feb. 19 – Barclays Bank plc priced $10 million of step-up fixed-rate callable notes due Feb. 19, 2029, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate is 3.9% in years one through seven, 4.25% in years eight and nine and 5.25% in year 10. Interest is payable semiannually.

The payout at maturity will be par.

Beginning Feb. 19, 2020, the notes will be callable at par on any interest payment date.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Step-up fixed-rate callable notes
Amount:	$10 million
Maturity:	Feb. 19, 2029
Coupon:	3.9% in years one through seven, 4.25% in years eight and nine and 5.25% in year 10; payable semiannually
Price:	Variable prices
Payout at maturity:	Par
Call option:	Beginning Feb. 19, 2020, notes will be callable at par on any interest payment date
Pricing date:	Feb. 14
Settlement date:	Feb. 19
Agent:	Barclays
Fees:	0.6%
Cusip:	06747MEC6

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