New Issue: Barclays prices $3 million 19.75% reverse convertibles linked to Goodyear Tire

New York, Sept. 26 - Barclays Bank plc priced $3 million of 19.75% reverse convertible notes due March 30, 2009 linked to Goodyear Tire & Rubber Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Goodyear Tire shares fall below the protection price of $10.62, 65% of the initial price of $16.34, during the life of the notes and finish below the initial price in which case the payout will be 61.19951 shares of Goodyear Tire stock.

Barclays Capital is the agent.

Issuer:	Barclays Bank plc
Issue:	Reverse convertible notes
Underlying stock:	Goodyear Tire & Rubber Co. (Symbol: GT)
Amount:	$3 million
Maturity:	March 30, 2009
Coupon:	19.75%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Goodyear Tire shares fall below the protection price of $10.62, 65% of the initial price, and finish below the initial price, in which case 61.19951 shares of Goodyear Tire stock
Initial price:	$16.34
Protection price:	$10.62, 65% of $16.34
Exchange ratio:	61.19951
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Agent:	Barclays Capital
Fees:	1.625%

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