New Issue: Barclays prices $1 million 13.5% reverse convertibles linked to Dana Holding

New York, May 27 - Barclays Bank plc priced $1 million of 13.5% reverse convertible notes due Nov. 30, 2010 linked to Dana Holding Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Dana Holding shares fall below the protection price of $7.18, 70% of the initial price of $10.25, during the life of the notes and finish below the initial price in which case the payout will be 97.560976 shares of Dana Holding stock.

Barclays Capital is the agent.

Issuer:	Barclays Bank plc
Issue:	Reverse convertible notes
Underlying stock:	Dana Holding Corp. (Symbol: DAN)
Amount:	$1 million
Maturity:	Nov. 30, 2010
Coupon:	13.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Dana Holding shares fall below the protection price of $7.18, 70% of the initial price, and finish below the initial price, in which case 97.560976 shares of Dana Holding stock
Initial price:	$10.25
Protection price:	$7.18, 70% of $10.25
Exchange ratio:	97.560976
Pricing date:	May 25
Settlement date:	May 28
Agent:	Barclays Capital
Fees:	1.625%
Cusip:	06740LVZ5

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