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Barclays plans 6.5%-8.5% airbag yield optimization notes tied to DISH
By Susanna Moon
Chicago, Aug. 14 - Barclays Bank plc plans to price 6.5% to 8.5% annualized airbag yield optimization notes due Feb. 24, 2014 linked to DISH Network Corp. shares, according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly. The exact interest rate will be set at pricing.
The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of DISH shares equal to $1,000 divided by the conversion price. The conversion price will be 85% of the initial share price.
UBS Financial Services Inc. and Barclays are the underwriters.
The notes will price on Aug. 16 and settle on Aug. 21.
The Cusip number is 06742D333.
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