New Issue: Barclays sells $1.5 million 11.5% reverse exchangeables linked to Scientific Atlanta

New York, Sept. 24 - Barclays Bank plc priced $1.5 million of one-year 11.5% knock-in reverse exchangeable notes linked to Scientific-Atlanta 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:	Scientific-Atlanta Inc.
Amount:	$1.5 million
Maturity:	Sept. 30, 2005
Coupon:	11.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash if Scientific Atlanta stock never trades below knock-in level, otherwise smaller of par in cash or 39 shares of Scientific Atlanta stock
Knock-in price:	$18.18, 70% of initial price of $25.97
Exchange ratio:	39
Exchange price:	$25.97 (initial level of Scientific Atlanta stock)
Call:	Non-callable
Pricing date:	Sept. 22
Settlement date:	Sept. 30
Lead manager:	Barclays Capital
Distribution:	Off shelf

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