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 plans callable contingent coupon notes linked to lululemon
By Jennifer Chiou
New York, Sept. 19 - Barclays Bank plc plans to price callable contingent coupon notes due September 2015 linked to lululemon athletica inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of at least 11% if lululemon shares close at or above the 65% barrier level on the valuation date for that quarter. The exact contingent quarterly coupon will be set at pricing.
The notes are callable at par plus the contingent coupon on any interest payment date.
If the notes are not called and the final share price is greater than or equal to the 65% knock-in barrier level, the payout at maturity will be par.
Otherwise, investors will be exposed to any losses or, at Barclays' option, they will receive a number of lululemon shares equal to $1,000 divided by the initial share price.
The notes (Cusip: 06741J4H9) will price and settle in September.
Barclays 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.