New Issue: Barclays sells $1 million 9.6% exchangeables linked to Symantec

New York, Feb. 24 - Barclays Bank plc priced $1 million of one-year 9.6% exchangeable notes linked to Symantec Corp. common stock, according to a 424B2 filing with the Securities and Exchange Commission.

Issuer:	Barclays Bank plc
Issue:	Exchangeable senior medium-term notes
Underlying stock:	Symantec Corp.
Amount:	$1 million
Maturity:	Feb. 28, 2006
Coupon:	9.6%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Symantec stock closes lower than initial price of $21.74 and Symantec stock closes below protection level at some point, in which case $1,000/$21.74 shares of Symantec stock
Protection price:	$15.22, 70% of initial price of $21.74
Exchange ratio:	$1,000/$21.74
Exchange price:	$21.74 (initial level of Symantec stock)
Call:	Non-callable
Pricing date:	Feb. 23
Settlement date:	Feb. 28
Lead manager:	Barclays Capital
Distribution:	Off shelf

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