New Issue: Barclays prices $1 million more 8% reverse convertibles linked to eBay

By Toni Weeks

San Diego, Aug. 23 - Barclays Bank plc priced an additional $1 million of 8% reverse convertible notes due July 30, 2013 linked to eBay Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

This brings the total deal size to $1.09 million. The initial $90,000 of the notes priced July 27.

The payout at maturity will be par in cash unless eBay shares fall below the protection price of $33.96, 75% of the initial price of $45.28, during the life of the notes and finish below the initial price, in which case the payout will be 22.084806 shares of eBay stock.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Reverse convertible notes
Underlying stock:	eBay Inc. (Symbol: EBAY)
Amount:	$1.09 million, increased from $90,000
Maturity:	July 30, 2013
Coupon:	8%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless eBay shares fall below the protection price of $33.96, 75% of the initial price, and finish below the initial price, in which case 22.084806 shares of eBay stock
Initial price:	$45.28
Protection price:	$33.96, 75% of $45.28
Exchange ratio:	22.084806
Pricing dates:	July 27 for $90,000, Aug. 22 for $1 million
Settlement date:	July 31 for $90,000, Aug. 27 for add-on
Agent:	Barclays
Fees:	2.1%
Cusip:	06741JJ26

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