New Issue: Barclays prices $1 million more 10.5% reverse convertibles tied to Ford

By Jennifer Chiou

New York, Feb. 27 - Barclays Bank plc priced another $1 million of 10.5% reverse convertible notes due Jan. 30, 2013 linked to Ford Motor Co. shares, bringing the total amount to $1.2 million, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Ford Motor shares fall below the protection price of $9.59, 75% of the initial price of $12.79, during the life of the notes and finish below the initial price in which case the payout will be 78.186083 shares of Ford Motor stock.

Barclays Capital is the agent.

Issuer:	Barclays Bank plc
Issue:	Reverse convertible notes
Underlying stock:	Ford Motor Co. (Symbol: F)
Amount:	$1.2 million (up from original $200,000)
Maturity:	Jan. 30, 2013
Coupon:	10.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Ford Motor shares fall below the protection price of $9.59, 75% of the initial price, and finish below the initial price, in which case 78.186083 shares of Ford Motor stock
Initial price:	$12.79
Protection price:	$9.59, 75% of $12.79
Exchange ratio:	78.186083
Pricing date:	Jan. 26 for original $200,000; Feb. 23 for add-on
Settlement date:	Jan. 31 for original $200,000; Feb. 28 for add-on
Agent:	Barclays Capital
Fees:	2.1%
Cusip:	06741JQT9

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