By Angela McDaniels
Tacoma, Wash., June 5 - Barclays Bank plc priced $1.2 million of 8.05% single observation quarterly callable reverse convertible notes due Dec. 5, 2013 linked to the common stock of Home Depot, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes are callable at par on any interest payment date.
If the notes are not called and the final share price is less than 70% of the initial share price, the payout at maturity will be a number of Home Depot shares equal to $1,000 divided by the initial share price or, at Barclays' option, a cash amount equal to the value of those shares. Otherwise, the payout will be par.
Barclays Capital Inc. is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Single observation quarterly callable reverse convertible notes
|
Underlying stock: | Home Depot, Inc. | (Symbol: HD)
|
Amount: | $1.2 million
|
Maturity: | Dec. 5, 2013
|
Coupon: | 8.05%, payable quarterly
|
Price: | Par
|
Payout at maturity: | Par unless final share price is less than 70% of initial share price, in which case 20.8507 Home Depot shares or cash amount equal to value of those shares
|
Call option: | At par on any interest payment date
|
Initial share price: | $47.96
|
Pricing date: | June 1
|
Settlement date: | June 6
|
Agent: | Barclays Capital Inc.
|
Fees: | 1.25%
|
Cusip: | 06741JF61
|
© 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.