Published on 6/28/2005 in the Prospect News Convertibles Daily.
New Issue: Barclays sells $3.25 million 11.5% exchangeables linked to XM Satellite Radio
New York, June 28 - Barclays Bank plc priced $3.25 million of one-year 11.5% exchangeable notes linked to the common stock of XM Satellite Radio Holdings Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Issuer: | Barclays Bank plc
|
Issue: | Exchangeable medium-term series A notes
|
Underlying stock: | XM Satellite Radio Holdings Inc.
|
Amount: | $3.25 million
|
Maturity: | June 30, 2006
|
Coupon: | 11.50%, payable monthly
|
Price: | Par
|
Payout at maturity: | Par unless XM Satellite Radio stock finishes below the initial price of $33.61 and it falls below the protection price of $25.53 between June 27, 2005 and June 27, 2006, in which case $1,000/$33.61 shares per $1,000 principal amount
|
Protection price: | $25.53, 70% of initial price
|
Initial price: | $33.61
|
Pricing date: | June 27
|
Settlement date: | June 30
|
Underwriter: | Barclays Capital
|
|
© 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.