Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers B > Headlines for Barclays Bank plc > News item |
Barclays to price 18% bearish reverse convertibles linked to Ford
By Susanna Moon
Chicago, July 7 - Barclays Bank plc plans to price 18% annualized bearish reverse convertible notes due Oct. 16, 2008 linked to the common stock of Ford Motor Co., according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The payout at maturity will be par unless Ford stock rises above the knock-in price - 150% of the initial share price - during the life of the notes and finishes above the initial share price, in which case investors will lose 1% for every 1% share price gain.
The notes are expected to price on July 11 and settle on July 16.
Barclays Capital Inc. will be 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.