New Issue: Barclays prices $2 million principal-protected notes linked to Exxon Mobil

By Angela McDaniels

Tacoma, Wash., Dec. 26 - Barclays Bank plc priced $2 million of zero-coupon 100% principal-protected notes due Dec. 31, 2008 linked to the common stock of Exxon Mobil Corp., according to a 424B2 filing with the Securities and Exchange Commission.

If the price of Exxon Mobil shares remains below the upper barrier and above the lower barrier throughout the life of the notes, the payout at maturity will be par plus 11.25% Otherwise, the payout will be par.

The upper and lower barriers are 20% above and below the initial share price, respectively.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	100% principal-protected notes
Underlying stock:	Exxon Mobil Corp. (Symbol: XOM)
Amount:	$2 million
Maturity:	Dec. 31, 2008
Coupon:	0%
Price:	Par
Payout at maturity:	If Exxon Mobil shares remain within the barriers at all times during the life of the notes, par plus 11.25%; otherwise, par
Initial share price:	$93.43
Upper barrier:	$112.116, 120% of initial share price
Lower barrier:	$74.744, 80% of initial share price
Pricing date:	Dec. 21
Settlement date:	Dec. 31
Agent:	Barclays Capital Inc.
Fees:	1.75%

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