New Issue: Barclays sells $0.826 million 7.5% reverse exchangeables linked to Schwab

New York, Dec. 14 - Barclays Bank plc priced $0.826 million of one-year 7.5% knock-in reverse exchangeable notes linked to Charles Schwab Corp. 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:	Charles Schwab Corp.
Amount:	$0.826 million
Maturity:	Dec. 16, 2005
Coupon:	7.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash if Schwab stock never trades below knock-in level, otherwise smaller of par in cash or $1,000/$11.50 shares of Schwab
Knock-in price:	$8.05, 70% of initial price of $11.50
Exchange ratio:	$1,000/$11.50
Exchange price:	$11.50 (initial level of Schwab stock)
Call:	Non-callable
Pricing date:	Dec. 13
Settlement date:	Dec. 16
Lead manager:	Barclays Capital
Distribution:	Off shelf

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