Barclays to redeem all $1.5 billion 1.007% notes due 2024 on Dec. 10

By William Gullotti

Buffalo, N.Y., Nov. 8 – Barclays plc issued a redemption notice to holders of its $1.5 billion 1.007% fixed-rate resetting senior callable notes due Dec. 10, 2024 (Cusip: 06738EBQ7), according to a 6-K filing with the Securities and Exchange Commission.

The notes will be redeemed at par plus accrued and unpaid interest up to, but excluding, the redemption date. Since the redemption date is not a business day, the payment of principal and interest will be made on the next business day, Dec. 11.

Bank of New York Mellon, London Branch is the trustee.

The notes will be delisted from the New York Stock Exchange after redemption.

The Dec. 10 redemption date is the first par call date and would have been the interest reset date.

The notes were issued Dec. 10, 2020.

London-based Barclays is a global financial services provider.

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