Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers H > Headlines for Humana Inc. > News item |
Barclays to price 9.75% reverse convertibles linked to Humana
By Laura Lutz
Washington, March 7 - Barclays Bank plc plans to price 9.75% reverse convertible notes due Sept. 28, 2008 linked to the common stock of Humana, Inc., according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly.
At maturity, investors will receive par unless Humana stock falls below the knock-in 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 Humana shares equal to $1,000 divided by the initial share price.
The notes will price on March 27 and settle on March 30.
Barclays Capital will be the agent.
© 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.