Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for Citigroup Inc. > News item |
Barclays to price 18.6% reverse convertibles linked to Citigroup
New York, July 16 - Barclays Bank plc plans to price 18.6% reverse convertible notes due Oct. 29, 2008 linked to Citigroup Inc. shares, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par in cash unless Citigroup shares fall below 60% of the initial price during the life of the notes and finish below the initial price, in which case the payout will be a number of Citigroup shares equal to $1,000 divided by the initial price.
The notes are expected to price on July 25 and settle on July 30.
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.