New Issue: Barclays sells $598,000 14.8% reverse convertibles tied to GameStop

By Marisa Wong

Madison, Wis., Nov. 3 – Barclays Bank plc priced $598,000 of 14.8% reverse convertible notes due Feb. 2, 2015 linked to GameStop Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The payout at maturity will be par unless the stock finishes below the initial price or if the stock ever closes below the knock-in barrier price, 75% of the initial price, on any day during the life of the notes, in which case the payout will be par plus the stock return or, at the issuer’s option, a number of GameStop shares equal to $1,000 divided by the initial share price.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Reverse convertible notes
Underlying stock:	GameStop Corp. (Symbol: GME)
Amount:	$598,000
Maturity:	Feb. 2, 2015
Coupon:	14.8%, payable monthly
Price:	Par
Payout at maturity:	Par unless GameStop stock falls or ever dips below barrier level; otherwise, par plus stock return or, at issuer’s option, 24.37241 GameStop shares
Initial share price:	$41.03
Barrier price:	$30.77, 75% of initial share price
Pricing date:	Oct. 28
Settlement date:	Oct. 31
Agent:	Barclays
Fees:	None
Cusip:	06741JX53

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