US Wrap: Wells Fargo finds favour following fine financials

Barclays' latest structure includes a 20% annualised coupon on Wells Fargo shares over a six-month period, with a barrier of 50%. JP Morgan's, by contrast, offers the same terms but with only a 16% coupon. ABN's note offers identical terms to the Barclays note, despite its lower credit rating.

Issuer

Product type

Underlying

Pricing date

Maturity date

Barclays Bank Plc

Reverse Convertible

Wells Fargo

Apr 08 2009

Oct 14 2009

Barclays Bank Plc

Reverse Convertible

Lockheed Martin Corp

Apr 08 2009

Oct 14 2009

Source

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