Published on 11/9/2006 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $1.25 million 15.25% reverse convertibles linked to Whole Foods
By Jennifer Chiou
New York, Nov. 9 - Barclays Bank plc priced $1.25 million of 15.25% reverse convertible notes due Feb. 13, 2007 linked to Whole Foods Market, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.
Issuer: | Barclays Bank plc
|
Issue: | Exchangeable medium-term series A notes
|
Underlying stock: | Whole Foods Market, Inc.
|
Amount: | $1.25 million
|
Maturity: | Feb. 13, 2007
|
Coupon: | 15.25%, payable monthly
|
Price: | Par
|
Payout at maturity: | Par unless Whole Foods stock finishes below the initial price of $49.04 and it falls below the protection price of $39.23 between Nov. 8, 2006 and Feb. 8, 2007, in which case $1,000/$49.04 shares per $1,000 principal amount
|
Protection price: | $39.23, 80% of initial price
|
Initial price: | $49.04
|
Pricing date: | Nov. 8
|
Settlement date: | Nov. 13
|
Underwriter: | Barclays Capital
|
Fees: | 1.25%
|
© 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.