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Prospect News home > News index > List of issuers H > Headlines for Home Depot, Inc. > News item |
Calyon plans 10% reverse convertibles linked to Home Depot via LaSalle
By Jennifer Chiou
New York, Sept. 6 - Calyon plans to price 10% reverse convertible notes due Sept. 19, 2008 linked to Home Depot, Inc. shares via LaSalle Financial Services Inc., according to a term sheet.
Interest will be payable monthly.
The notes will price on Sept. 18 and settle on Sept. 21.
The payout at maturity will be par unless Home Depot stock hits the barrier 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 Home Depot shares equal to $1,000 divided by the initial share price.
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