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Prospect News home > News index > List of issuers W > Headlines for Whole Foods Market, Inc. > News item |
Calyon plans 11.25% reverse convertibles linked to Whole Foods via LaSalle
By Jennifer Chiou
New York, Sept. 6 - Calyon plans to price 11.25% annualized reverse convertible notes due March 24, 2008 linked to Whole Foods Market, 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 Whole Foods 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 Whole Foods shares equal to $1,000 divided by the initial share price.
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