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Prospect News home > News index > List of issuers M > Headlines for Micron Technology, Inc. > News item |
Barclays plans 7.5%-9.5% airbag yield optimization notes on Micron
By Marisa Wong
Madison, Wis., April 2 - Barclays Bank plc plans to price 7.5% to 9.5% annualized airbag yield optimization notes due Oct. 11, 2013 linked to Micron Technology, Inc. shares, according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Micron shares equal to $1,000 divided by the conversion price. The conversion price will be 80% of the initial share price.
UBS Financial Services Inc. and Barclays are the agents.
The notes are expected to price on April 5 and settle on April 10.
The Cusip number is 06742C475.
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