Published on 8/26/2005 in the Prospect News Convertibles Daily.
New Issue: Barclays sells $1.5 million 10% exchangeables linked to American Eagle Outfitters
By Jennifer Chiou
New York, Aug. 25 - Barclays Bank plc priced $1.5 million of one-year 10% exchangeable notes linked to the common stock of American Eagle Outfitters, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Issuer: | Barclays Bank plc
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Issue: | Exchangeable medium-term series A notes
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Underlying stock: | American Eagle Outfitters, Inc.
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Amount: | $1.5 million
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Maturity: | Aug. 31, 2006
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Coupon: | 10%, payable monthly
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Price: | Par
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Payout at maturity: | Par unless American Eagle stock finishes below the initial price of $27.49 and it falls below the protection price of $20.62 between Aug. 24, 2005 and Aug. 24, 2006, in which case $1,000/$27.49 shares per $1,000 principal amount
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Protection price: | $20.62, 75% of initial price
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Initial price: | $27.49
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Pricing date: | Aug. 24
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Settlement date: | Aug. 31
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Underwriter: | Barclays Capital
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