Barclays plans issue of 10% exchangeables linked to LM Ericsson

By Jennifer Chiou

New York, Aug. 8 - Barclays Bank plc plans to price an issue of 10% exchangeable notes due Aug. 31, 2007 linked to Telefonaktie-bolaget LM Ericsson stock, according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

At maturity, investors will receive par unless Telefonaktie-bolaget LM Ericsson stock finishes below the initial price and falls below the protection price, 80% of the initial share price, between Aug. 28, 2006 and Aug. 28, 2007, in which case the payout will be $1,000 divided by the initial share price.

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.