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 8% reverse convertibles linked to SPDR Trust
New York, Sept. 11 - Barclays Bank plc plans to price 8% reverse convertible notes due March 30, 2009 linked to SPDR Trust, Series 1 shares, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par in cash unless SPDR Trust shares fall below 87.5% of the initial price during the life of the notes and finish below the initial price, in which case the payout will be a number of SPDR Trust shares equal to $1,000 divided by the initial price.
The notes are expected to price on Sept. 25 and settle on Sept. 30.
Barclays Capital 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.