Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Y > Headlines for Yahoo! Inc. > News item |
Barclays plans contingent income autocallable notes linked to Yahoo
By Susanna Moon
Chicago, Aug. 15 – Barclays Bank plc plans to price contingent income autocallable securities due Aug. 27, 2015 linked to Yahoo! Inc. shares, according to an FWP filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon of at least 2.625% if Yahoo stock closes at or above the 75% trigger level on a determination date for that quarter.
The notes will be redeemed at par of $10 plus the contingent payment if the stock closes at or above the initial share price on any quarterly determination date other than the final date.
The payout at maturity will be par plus the contingent payment unless the stock finishes below the 75% trigger level, in which case the payout will be a number of Yahoo shares equal to $10 divided by the initial share price or, at the issuer's option, the cash equivalent.
Barclays is the agent with Morgan Stanley Wealth Management handling distribution.
The notes will price on Aug. 22 and settle on Aug. 27.
The Cusip number is 06742W182.
© 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.