Barclays’ VZZB Bites the Dust
Update Friday, October 5th, 2012 | Vance Harwood VZZB‘s intraday indicative (Yahoo) value dropped below $10 Friday October 5th, triggering its automatic termination event. According to the prospectusthe holders of record will receive a cash payout value set by the closing intraday indicative value (IV) for the day—provided it is between 0 and 10. Since the final IV was 10.45, the redemption value …
