New Issue: Barclays sells $1.395 million 7.25% reverse exchangeables linked to Merrill

New York, Oct. 28 - Barclays Bank plc priced $1.395 million of one-year 7.25% knock-in reverse exchangeable notes linked to Merrill Lynch & Co. 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:	Merrill Lynch & Co. Inc.
Amount:	$1.395 million
Maturity:	Oct. 28, 2005
Coupon:	7.25%, payable monthly
Price:	Par
Payout at maturity:	Par in cash if Merrill Lynch stock never trades below knock-in level, otherwise smaller of par in cash or 19 shares of Merrill Lynch stock
Knock-in price:	$47.63, 90% of initial price of $52.92
Exchange ratio:	19
Exchange price:	$52.92 (initial level of Merrill Lynch stock)
Call:	Non-callable
Pricing date:	Oct. 26
Settlement date:	Oct. 29
Lead manager:	Barclays Capital
Distribution:	Off shelf

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