Barclays to price principal-protected notes linked to Merck

By Jennifer Chiou

New York, Feb. 20 - Barclays Bank plc plans to price principal-protected notes due Feb. 27, 2009 linked to the common stock of Merck & Co., Inc., according to an FWP filing with the Securities and Exchange Commission.

Investors will receive a conditional coupon of 14% if Merck stays within 14% of the initial level during the life of the notes. Investors will receive at least par.

The notes are expected to price on Feb. 22 and settle on Feb. 29.

Barclays Capital Inc. is the underwriter.

© 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.