New Issue: Barclays sells $12.303 million 14.15% reverse exchangeables linked to Martha Stewart

New York, Jan. 28 - Barclays Bank plc priced $12.303 million of one-year 14.15% knock-in reverse exchangeable notes linked to Martha Stewart Living Omnimedia, Inc. common stock, according to a 424B2 filing with the Securities and Exchange Commission.

Issuer:	Barclays Bank plc
Issue:	Knock-in reverse exchangeable senior medium-term notes
Underlying stock:	Martha Stewart Living Omnimedia, Inc.
Amount:	$12.303 million
Maturity:	Jan. 31, 2006
Coupon:	14.15%, payable monthly
Price:	Par
Payout at maturity:	Par in cash if Martha Stewart stock never trades below knock-in level, otherwise smaller of par in cash or $1,000/$29.88 shares of Martha Stewart
Knock-in price:	$14.94, 50% of initial price of $29.88
Exchange ratio:	$1,000/$29.88
Exchange price:	$29.88 (initial level of Martha Stewart stock)
Call:	Non-callable
Pricing date:	Jan. 26
Settlement date:	Jan. 31
Lead manager:	Barclays Capital
Distribution:	Off shelf

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