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Barclays plans callable contingent coupon notes linked to GrubHub
By Susanna Moon
Chicago, April 23 – Barclays Bank plc plans to price callable contingent coupon notes due April 27, 2017 linked to GrubHub 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 12% if GrubHub shares close above the 60% barrier level on the valuation date for that quarter.
The notes are callable at par plus the contingent coupon on any interest payment date.
The payout at maturity will be par unless GrubHub shares finish below the 60% trigger level, in which case investors will be fully exposed to any losses.
Barclays is the agent.
The notes will price on April 24 and settle on April 29.
The Cusip number is 06741WAS9.
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