New Issue: Barclays prices $3.3 million 8.25% reverse convertibles linked to E*Trade

New York, June 24 - Barclays Bank plc priced $3.3 million of 8.25% reverse convertible notes due June 24, 2014 linked to E*Trade Financial Corp shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless E*Trade shares fall below the protection price, 75% of the initial price of $12.14, during the life of the notes and finish below the initial price in which case the payout will be E*Trade shares equal to $1,000 principal amount divided by the initial price.

Barclays Capital is the agent.

Issuer:	Barclays Bank plc
Issue:	Reverse convertible notes
Underlying stock:	E*Trade Financial Corp. (Symbol: ETFC)
Amount:	$3.3 million
Maturity:	June 24, 2014
Coupon:	8.25%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless E*Trade shares fall below the protection price, 75% of the initial price, and finish below the initial price, in which case E*Trade shares equal to $1,000 principal amount divided by the initial price
Initial price:	$12.14
Protection price:	$9.11, 75% of $12.14
Pricing date:	June 20
Settlement date:	June 25
Agent:	Barclays Capital
Cusip:	06741J3B3

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