Published on 9/29/2005 in the Prospect News Convertibles Daily.
New Issue: Barclays sells $1 million 12% exchangeables linked to A&P
By Jennifer Chiou
New York, Sept. 29 - Barclays Bank plc priced $1 million of one-year 12% exchangeable notes linked to the stock of Great Atlantic & Pacific Tea Co., Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Issuer: | Barclays Bank plc
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Issue: | Exchangeable medium-term series A notes
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Underlying stock: | Great Atlantic & Pacific Tea Co., Inc.
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Amount: | $1 million
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Maturity: | Sept. 29, 2006
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Coupon: | 12%, payable monthly
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Price: | Par
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Payout at maturity: | Par unless A&P stock finishes below the initial price of $28.09 and it falls below the protection price of $22.47 between Sept. 27, 2005 and Sept. 26, 2006, in which case $1,000/$28.09 shares per $1,000 principal amount
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Protection price: | $22.47, 80% of initial price
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Initial price: | $28.09
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Pricing date: | Sept. 27
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Settlement date: | Sept. 30
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Underwriter: | Barclays Capital
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