New Issue: Barclays prices $1 million 8.5% reverse convertibles linked to DuPont

New York, Nov. 30 - Barclays Bank plc priced $1 million of 8.5% reverse convertible notes due Nov. 26, 2010 linked to E.I. du Pont de Nemours and Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless DuPont shares fall below the protection price of $27.81, 80% of the initial price of $34.76, during the life of the notes and finish below the initial price in which case the payout will be 28.7687 shares of DuPont stock.

Barclays Capital is the agent.

Issuer:	Barclays Bank plc
Issue:	Reverse convertible notes
Underlying stock:	E.I. du Pont de Nemours and Co. (Symbol: DD)
Amount:	$1 million
Maturity:	Nov. 26, 2010
Coupon:	8.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless DuPont shares fall below the protection price of $27.81, 80% of the initial price, and finish below the initial price, in which case 28.7687 shares of DuPont stock
Initial price:	$34.76
Protection price:	$27.81, 80% of $34.76
Exchange ratio:	28.7687
Pricing date:	Nov. 23
Settlement date:	Nov. 30
Agent:	Barclays Capital
Fees:	2.5%

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