Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers G > Headlines for Goldcorp Inc. > News item |
Rabo Financial plans issue of 16.2% knock-in reverse convertibles linked to Goldcorp
By Jennifer Chiou
New York, Aug. 21 - Rabo Financial Products BV plans to price an issue of 16.2% knock-in reverse convertible notes due March 7, 2006 linked to Goldcorp, Inc. stock, according to a term sheet.
Interest will be payable quarterly.
The notes will be priced on Sept. 1 and will settle on Sept. 7.
Payment at maturity will be determined according to the performance of Goldcorp stock. If the stock trades at or below the knock-in price and closes below the initial price, investors will receive a number of Goldcorp shares equal to $1,000 divided by the initial stock price. The knock-in price will be 75% of the initial price. Otherwise, investors will receive par in cash.
The notes will be rated Prime-1/A-1+.
LaSalle Financial Services Inc. will be the agent.
© 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.