New Issue: Barclays sells $2.658 million 12.2% reverse exchangeables linked to Freeport-McMoRan

New York, Dec. 22 - Barclays Bank plc priced $2.658 million of one-year 12.2% knock-in reverse exchangeable notes linked to Freeport-McMoRan Copper & Gold Inc. common stock, according to a 424B2 filing with the Securities and Exchange Commission.

Issuer:	Barclays Bank plc
Issue:	Knock-in reverse exchangeable senior medium-term notes
Underlying stock:	Freeport-McMoRan Copper & Gold Inc.
Amount:	$2.658 million
Maturity:	Dec. 23, 2005
Coupon:	12.2%, payable monthly
Price:	Par
Payout at maturity:	Par in cash if Freeport stock never trades below knock-in level, otherwise smaller of par in cash or $1,000/$37.30 shares of Freeport
Knock-in price:	$29.84, 80% of initial price of $37.30
Exchange ratio:	$1,000/$37.30
Exchange price:	$37.30 (initial level of Freeport stock)
Call:	Non-callable
Pricing date:	Dec. 21
Settlement date:	Dec. 23
Lead manager:	Barclays Capital
Distribution:	Off shelf

© 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.