New Issue: Barclays sells $1.5 million 8% reverse convertibles linked to Starbucks

By Jennifer Chiou

New York, March 15 - Barclays Bank plc priced $1.5 million of one-year 8% reverse convertible notes linked to Starbucks Corp. stock, according to an FWP filing with the Securities and Exchange Commission.

Issuer:	Barclays Bank plc
Issue:	Reverse convertible notes
Underlying stock:	Starbucks Corp.
Amount:	$1.5 million
Maturity:	March 16, 2007
Coupon:	8%, payable monthly
Price:	Par
Payout at maturity:	Par unless Starbucks stock finishes below initial price of $36.25 and it falls below protection price of $29.00 between March 14, 2006 and March 14, 2007, in which case $1,000/$36.25 shares per $1,000 principal amount
Initial price:	$36.25
Protection price:	$29.00, 80% of initial price
Pricing date:	March 14
Settlement date:	March 17
Underwriter:	Barclays Capital

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