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Barclays to price 12% reverse convertibles linked to Halliburton
New York, Nov. 2 - Barclays Bank plc plans to price 12% reverse convertible notes due May 31, 2012 linked to Halliburton Co. shares, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par in cash unless Halliburton shares fall below 75% 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 Halliburton shares equal to $1,000 divided by the initial price.
The notes are expected to price on Nov. 23 and settle on Nov. 30.
Barclays Capital is the agent.
The Cusip number is 06741JPN3.
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