Published on 9/29/2004 in the Prospect News Convertibles Daily.
New Issue: Barclays sells $1.5 million 14% reverse exchangeables linked to Krispy Kreme
New York, Sept. 29 - Barclays Bank plc priced $1.5 million of one-year 14% knock-in reverse exchangeable notes linked to Krispy Kreme Doughnuts Inc. common stock, according to a 424B2 filing with the Securities and Exchange Commission.
Issuer: | Barclays Bank plc
|
Issue: | Knock-in reverse exchangeable senior medium-term notes
|
Underlying stock: | Krispy Kreme Doughnuts Inc.
|
Amount: | $1.5 million
|
Maturity: | Oct. 4, 2005
|
Coupon: | 14%, payable monthly
|
Price: | Par
|
Payout at maturity: | Par in cash if Krispy Kreme stock never trades below knock-in level, otherwise smaller of par in cash or 82 shares of Krispy Kreme stock
|
Knock-in price: | $8.50, 70% of initial price of $12.14
|
Exchange ratio: | 82
|
Exchange price: | $12.14 (initial level of Krispy Kreme stock)
|
Call: | Non-callable
|
Pricing date: | Sept. 27
|
Settlement date: | Oct. 4
|
Lead manager: | Barclays Capital
|
Distribution: | Off shelf
|
|
© 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.