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Barclays to price 9.05% reverse convertibles linked to Harley-Davidson
By Laura Lutz
Des Moines, Jan. 16 - Barclays Bank plc plans to price 9.05% reverse convertible notes due July 31, 2007 linked to the common stock of Harley-Davidson Inc., according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly.
At maturity, investors will receive par unless Harley-Davidson stock falls below the knock-in price - 85% of the initial share price - during the life of the notes and finishes below the initial share price, in which case the payout will be a number of Harley-Davidson shares equal to $1,000 divided by the initial share price.
The notes will price on Jan. 26 and settle on Jan. 31.
Barclays Capital will be the agent.
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