Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers F > Headlines for First Solar Inc. > News item |
Rabo to price 24.9% knock-in reverse convertibles linked to First Solar via LaSalle
By Jennifer Chiou
New York, June 11 - Rabo Financial Products BV plans to price 24.9% annualized knock-in reverse convertible notes due Sept. 27, 2007 linked to First Solar, Inc. common stock, according to a term sheet.
Interest will be payable monthly.
In addition to the coupon, at maturity investors will receive par unless First Solar stock falls below the knock-in price - 80% 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 First Solar shares equal to $1,000 divided by the initial share price.
The notes will price on June 22 and settle on June 27.
LaSalle Financial Services, Inc. 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.