Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for Motorola Inc. > News item |
Barclays to price 10.05% reverse convertibles linked to Motorola
By Laura Lutz
Washington, Dec. 1 - Barclays Bank plc plans to price an issue of 10.05% reverse convertible notes due Dec. 27, 2007 linked to the common stock of Motorola, Inc., according to an FWP filing with the Securities and Exchange Commission.
Interest will be paid monthly.
At maturity, investors will receive par unless Motorola stock falls below the knock-in price - 85% 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 Motorola shares equal to $1,000 divided by the initial share price.
The notes were scheduled to price on Dec. 21 and settle on Dec. 27.
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.