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Barclays talks $250 million five-year cash-settled equity-linked notes tied to Microsoft
By Abigail W. Adams
Portland, Me., Jan. 22 – Barclays Bank plc plans to price $250 million five-year cash-settled equity-linked notes tied to Microsoft Corp. after the market close on Thursday with price talk for a fixed coupon of 0%, a fixed conversion premium of 20% and a reoffer price of 104 to 104.5, a market source said.
Barclays is the bookrunner for the registered offering.
The notes are non-callable and have no puts.
The notes are convertible after Jan. 23, 2024.
Barclays is a London-based multinational investment bank and financial services company.
Microsoft is a Redmond, Wash.-based technology company.
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