Barclays to price 8.75%-11.25% yield optimization notes linked to Caterpillar stock via UBS

By Marisa Wong

Milwaukee, May 6 - Barclays Bank plc plans to price yield optimization notes with contingent protection due May 23, 2011 linked to the common stock of Caterpillar Inc., according to an FWP filing with the Securities and Exchange Commission.

The notes will carry a coupon of 8.75% to 11.25% per year, which will be set at pricing. Interest is payable monthly.

The payout at maturity will be par unless the final price of Caterpillar stock is less than 80% of the initial share price, in which case the payout will be one share of Caterpillar stock.

The notes will price on May 17 and settle on May 20.

UBS Financial Services Inc. and Barclays Capital Inc. are the underwriters.

© 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.