Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers H > Headlines for Hess Corp. > News item |
Barclays to sell 8.5%-11.5% yield optimization notes on Hess via UBS
By Susanna Moon
Chicago, Dec. 15 - Barclays Bank plc plans to price 8.5% to 11.5% annualized yield optimization notes with contingent protection due June 30, 2010 linked to the common stock of Hess Corp., according to an FWP filing with the Securities and Exchange Commission.
UBS Financial Services Inc. and Barclays Capital Inc. are the agents.
Interest will be payable quarterly.
Each note will have a face amount equal to the closing price of Hess stock at pricing.
The payout at maturity will be par unless the price of Hess stock finishes at less than 75% of the initial price, in which case investors will receive one Hess share per note.
The notes are expected to price on Dec. 29 and settle on Dec. 31.
© 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.