Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers I > Headlines for Indonesian rupiah > News item |
Barclays to price variable-coupon notes linked to Indonesian rupiah
By Angela McDaniels
Tacoma, Wash., Aug. 26 - Barclays Bank plc plans to price notes due Aug. 26, 2016 linked to the performance of the Indonesian rupiah relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The exchange rate is expressed as the number of rupiah per dollar.
Interest is payable annually. The interest amount will equal 5.45% to 9.45% per year multiplied by the quotient of the initial exchange rate divided by the exchange rate on the related valuation date.
The payout at maturity will be $1,000 multiplied by the quotient of the initial exchange rate divided by the final exchange rate.
The notes (Cusip: 06738KTE1) will price Aug. 29 and settle Aug. 31.
Barclays Capital Inc. is 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.