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 to issue 16.5% reverse convertibles linked to eBay
By Laura Lutz
Des Moines, Oct. 2 - Barclays Bank plc plans to price an issue of 16.5% reverse convertible notes due April 18, 2007 linked to the common stock of eBay Inc., according to an FWP filing with the Securities and Exchange Commission.
Interest will be paid monthly.
At maturity, investors will receive par unless eBay stock falls below the protection price - 80% of the initial share price - during the life of the notes and finishes below the initial share price, in which case the payout will be a number of eBay shares equal to $1,000 divided by the initial share price.
The notes will price on Oct. 13 and settle on Oct. 18.
Barclays Capital Inc. will be 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.