Barclays to price 17% knock-in reverse convertibles linked to Bebe Stores via LaSalle

By Jennifer Chiou

New York, Nov. 13 - Barclays Bank plc plans to price an issue of 17% reverse convertible notes due Feb. 28, 2007 linked to the common stock of Bebe Stores, Inc., according to a term sheet from agent LaSalle Financial Services, Inc.

Interest will be paid quarterly.

At maturity, investors will receive par unless Bebe Stores stock falls below the knock-in 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 Bebe Stores shares equal to $1,000 divided by the initial share price.

The notes will price on Nov. 24 and settle on Nov. 29.

© 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.