New Issue: Barclays prices $1.12 million 12-year step-up notes with 4.5% initial rate

By Angela McDaniels

Tacoma, Wash., Dec. 29 - Barclays Bank plc priced $1.12 million of step-up fixed-rate notes due Dec. 30, 2022, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 4.5% for the first eight years. It will step up to 5% on Dec. 30, 2018 and to 6.5% on Dec. 30, 2021. Interest is payable semiannually.

The payout at maturity will be par.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Step-up fixed-rate notes
Amount:	$1,118,000
Maturity:	Dec. 30, 2022
Coupon:	4.5% for first eight years, then 5% for three years and 6.5% for one year; payable semiannually
Price:	Par
Payout at maturity:	Par
Pricing date:	Dec. 27
Settlement date:	Dec. 30
Agent:	Barclays Capital Inc.
Fees:	1.45%
Cusip:	06738J5H3

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