New Issue: Barclays prices $542,000 13% reverse convertibles linked to Ocwen Financial

New York, March 21 - Barclays Bank plc priced $542,000 of 13% reverse convertible notes due June 25, 2014 linked to Ocwen Financial Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Ocwen Financial shares fall below the protection price of $26.06, 65% of the initial price of $40.09, during the life of the notes and finish below the initial price in which case the payout will be 24.94388 shares of Ocwen Financial stock.

Barclays Capital is the agent.

Issuer:	Barclays Bank plc
Issue:	Reverse convertible notes
Underlying stock:	Ocwen Financial Corp. (Symbol: OCN)
Amount:	$542,000
Maturity:	June 25, 2014
Coupon:	13%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Ocwen Financial shares fall below the protection price of $26.06, 65% of the initial price, and finish below the initial price, in which case 24.94388 shares of Ocwen Financial stock
Initial price:	$40.09
Protection price:	$26.06, 65% of $40.09
Exchange ratio:	24.94388
Pricing date:	March 20
Settlement date:	March 25
Agent:	Barclays Capital
Cusip:	06741J6V6

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