New Issue: Barclays prices $288,000 9.25% reverse convertibles linked to Lululemon Athletica

New York, July 29 - Barclays Bank plc priced $288,000 of 9.25% reverse convertible notes due Oct. 31, 2014 linked to Lululemon Athletica Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Lululemon Athletica shares fall below the protection price of $29.59, 75% of the initial price of $39.45, during the life of the notes and finish below the initial price in which case the payout will be 25.34854 shares of Lululemon Athletica stock.

Barclays Capital is the agent.

Issuer:	Barclays Bank plc
Issue:	Reverse convertible notes
Underlying stock:	Lululemon Athletica Inc. (Symbol: LULU)
Amount:	$288,000
Maturity:	Oct. 31, 2014
Coupon:	9.25%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Lululemon Athletica shares fall below the protection price of $29.59, 75% of the initial price, and finish below the initial price, in which case 25.34854 shares of Lululemon Athletica stock
Initial price:	$39.45
Protection price:	$29.59, 75% of $39.45
Exchange ratio:	25.34854
Pricing date:	July 28
Settlement date:	July 31
Agent:	Barclays Capital
Cusip:	06741JU98

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