Published on 11/29/2005 in the Prospect News Convertibles Daily.
New Issue: Barclays sells $3 million 13% exchangeables linked to SanDisk
New York, Nov. 29 - Barclays Bank plc priced $3 million of one-year 13% exchangeable notes linked to SanDisk Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.
Issuer: | Barclays Bank plc
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Issue: | Exchangeable senior medium-term series A notes
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Underlying stock: | SanDisk Corp.
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Amount: | $3 million
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Maturity: | Nov. 30, 2006
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Coupon: | 13%, payable monthly
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Price: | Par
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Payout at maturity: | Par unless SanDisk stock finishes below the initial price of $51.93 and it falls below protection price of $36.35 between Nov. 28, 2005 and Nov. 27, 2006, in which case $1,000/$51.93 shares per $1,000 principal amount
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Protection price: | $36.35, 70% of the initial price
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Initial price: | $51.93
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Pricing date: | Nov. 28
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Settlement date: | Nov. 30
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Underwriter: | Barclays Capital
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