New Issue: Barclays prices $3 million 19% reverse convertibles linked to Dynegy

New York, Sept. 30 - Barclays Bank plc priced $3 million of 19% reverse convertible notes due March 30, 2010 linked to Dynegy Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Dynegy shares fall below the protection price of $1.37, 60% of the initial price of $2.28, during the life of the notes and finish below the initial price in which case the payout will be 438.596491 shares of Dynegy stock.

Barclays Capital is the agent.

Issuer:	Barclays Bank plc
Issue:	Reverse convertible notes
Underlying stock:	Dynegy Inc. (Symbol: DYN)
Amount:	$3 million
Maturity:	March 30, 2010
Coupon:	19%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Dynegy shares fall below the protection price of $1.37, 60% of the initial price, and finish below the initial price, in which case 438.596491 shares of Dynegy stock
Initial price:	$2.28
Protection price:	$1.37, 60% of $2.28
Exchange ratio:	438.596491
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Agent:	Barclays Capital
Fees:	1.625%

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