Barclays plans issue of 8% exchangeables linked to Wachovia

By Jennifer Chiou

New York, July 21 - Barclays Bank plc plans to price an issue of 8% exchangeable notes due July 26, 2007 linked to Wachovia Corp. stock, according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

At maturity, investors will receive par unless Wachovia stock finishes below the initial price and falls below the protection price, 80% of the initial share price, between July 25, 2006 and July 25, 2007, in which case the payout will be $1,000 divided by the initial share price.

Barclays Capital 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.