Published on 12/30/2005 in the Prospect News Convertibles Daily.
New Issue: Barclays sells $1.5 million 10% exchangeables linked to Payless
New York, Dec. 29 - Barclays Bank plc priced $1.5 million of one-year 10% exchangeable notes linked to Payless Shoesource, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.
Issuer: | Barclays Bank plc
|
Issue: | Exchangeable medium-term series A notes
|
Underlying stock: | Payless Shoesource, Inc.
|
Amount: | $1.5 million
|
Maturity: | Dec. 29, 2006
|
Coupon: | 10%, payable monthly
|
Price: | Par
|
Payout at maturity: | Par unless Payless stock finishes below the initial price of $25.02 and it falls below the protection price of $17.51 between Dec. 27, 2005 and Dec. 27, 2006, in which case $1,000/$25.02 shares per $1,000 principal amount
|
Protection price: | $17.51, 70% of initial price
|
Initial price: | $25.02
|
Pricing date: | Dec. 27
|
Settlement date: | Dec. 29
|
Underwriter: | Barclays Capital
|
|
© 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.