New Issue: Barclays prices $4 million 20% reverse convertibles linked to First Solar

New York, Aug. 11 - Barclays Bank plc priced $4 million of 20% reverse convertible notes due Feb. 11, 2009 linked to First Solar, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless First Solar shares fall below the protection price of $154.72, 60% of the initial price of $257.87, during the life of the notes and finish below the initial price in which case the payout will be 3.877923 shares of First Solar stock.

Barclays Capital is the agent.

Issuer:	Barclays Bank plc
Issue:	Reverse convertible notes
Underlying stock:	First Solar, Inc. (Symbol: FSLR)
Amount:	$4 million
Maturity:	Feb. 11, 2009
Coupon:	20%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless First Solar shares fall below the protection price of $154.72, 60% of the initial price, and finish below the initial price, in which case 3.877923 shares of First Solar stock
Initial price:	$257.87
Protection price:	$154.72, 60% of $257.87
Exchange ratio:	3.877923
Pricing date:	Aug. 8
Settlement date:	Aug. 13
Agent:	Barclays Capital
Fees:	1.75%

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