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Published on 4/22/2005 in the Prospect News Convertibles Daily.

New Issue: Barclays sells $1.5 million 9.5% exchangeables linked to Symantec

New York, April 22 - Barclays Bank plc priced $1.5 million of one-year 9.5% 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:$1.5 million
Maturity:April 28, 2006
Coupon:9.5%, paid monthly
Price:Par
Payout at maturity:Par unless Symantec stock finishes below the initial price of $19.35 and it falls below protection price of $13.55 between April 21, 2005 and April 21, 2006, in which case $1,000/$21.74 shares per $1,000 principal amount
Protection price:$13.55, 70% of initial price
Initial share price:$19.35
Pricing date:April 21
Settlement date:April 28
Underwriter:Barclays Capital

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