New Issue: Barclays sells $1.5 million 10.5% reverse exchangeables linked to AMD

New York, May 24 - Barclays Bank plc priced $1.5 million of one-year 10.5% exchangeable notes linked to the common stock of Advanced Micro Devices, Inc., according to a 424B3 filing with the Securities and Exchange Commission.

Issuer:	Barclays Bank plc
Issue:	Exchangeable senior medium-term series A notes
Underlying stock:	Advanced Micro Devices, Inc.
Amount:	$1.5 million
Maturity:	May 26, 2006
Coupon:	10.5%, payable monthly
Price:	Par
Payout at maturity:	Par unless AMD stock finishes below initial price of $16.02 and it falls below protection price of $9.61 between May 19, 2005 and May 22, 2006, in which case $1,000/$16.02 shares per $1,000 principal amount
Protection price:	$9.61, 60% of initial price
Initial price:	$16.02
Pricing date:	May 19
Settlement date:	May 26
Underwriter:	Barclays Capital

© 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.