Published on 6/28/2005 in the Prospect News Convertibles Daily.
New Issue: Barclays sells $2.5 million 10% exchangeables linked to Toll Brothers
New York, June 28 - Barclays Bank plc priced $2.5 million of one-year 10% exchangeable notes linked to the common stock of Toll Brothers, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Horsham, Pa.-based Toll Brothers is a luxury homebuilder.
| Issuer: | Barclays Bank plc
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| Issue: | Exchangeable medium-term series A notes
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| Underlying stock: | Toll Brothers, Inc.
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| Amount: | $2.5 million
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| Maturity: | June 30, 2006
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| Coupon: | 10.00%, payable monthly
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| Price: | Par
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| Payout at maturity: | Par unless Toll Brothers stock finishes below the initial price of $99.52 and it falls below the protection price of $69.66 between June 27, 2005 and June 27, 2006, in which case $1,000/$99.52 shares per $1,000 principal amount
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| Protection price: | $69.66, 70% of initial price
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| Initial price: | $99.52
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| Pricing date: | June 27
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| Settlement date: | June 30
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| Underwriter: | Barclays Capital
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