Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers H > Headlines for Harmony Gold Mining Co. Ltd. > News item |
Rabo to issue 14.2% knock-in reverse convertibles linked to Harmony Gold via LaSalle
By Jennifer Chiou
New York, Feb. 13 - Rabo Financial Products BV plans to price 14.2% knock-in reverse convertible notes due Aug. 28, 2007 linked to the American Depositary Shares representing Harmony Gold Mining Ltd. stock, according to a term sheet from the agent for the deal, LaSalle Financial Services Inc.
The pricing date will be Feb. 23 with settlement on Feb. 28.
The payout at maturity will be par in cash unless Harmony Gold ADSs trade at or below the knock-in price and close below the initial price, in which case investors will receive a number of Harmony Gold shares equal to $1,000 divided by the initial share price.
The knock-in price will be 80% of the initial share price.
© 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.