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Barclays to price 14.5% reverse convertibles linked to Harley-Davidson
New York, June 18 - Barclays Bank plc plans to price 14.5% reverse convertible notes due Sept. 30, 2009 linked to Harley-Davidson, Inc. shares, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par in cash unless Harley-Davidson shares fall below 70% 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 Harley-Davidson shares equal to $1,000 divided by the initial price.
The notes are expected to price on June 25 and settle on June 30.
Barclays Capital is the agent.
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