Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers B > Headlines for bebe stores, inc. > News item |
Barclays to price 12.25% reverse convertibles linked to bebe
By E. Janene Geiss
Philadelphia, Sept. 12 - Barclays Bank plc plans to price an issue of reverse convertible notes due March 28, 2008 linked to bebe stores, inc. common stock, according to an FWP filing with the Securities and Exchange Commission.
The six-month notes will pay 6.125% for an annualized rate of 12.25%. Interest is payable monthly.
The payout at maturity will be par unless the stock falls below the knock-in price - 70% 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 shares equal to $1,000 divided by the initial share price.
The notes will price on Sept. 25 and settle on Sept. 28.
Barclays Capital is 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.