New Issue: Barclays prices $352,000 7.75% reverse convertibles linked to Talisman Energy

New York, July 29 - Barclays Bank plc priced $352,000 of 7.75% reverse convertible notes due Oct. 30, 2013 linked to Talisman Energy Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Talisman Energy shares fall below the protection price of $8.34, 70% of the initial price of $11.91, during the life of the notes and finish below the initial price in which case the payout will be 83.96306 shares of Talisman Energy stock.

Barclays Capital is the agent.

Issuer:	Barclays Bank plc
Issue:	Reverse convertible notes
Underlying stock:	Talisman Energy Inc. (Symbol: TLM)
Amount:	$352,000
Maturity:	Oct. 30, 2013
Coupon:	7.75%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Talisman Energy shares fall below the protection price of $8.34, 70% of the initial price, and finish below the initial price, in which case 83.96306 shares of Talisman Energy stock
Initial price:	$11.91
Protection price:	$8.34, 70% of $11.91
Exchange ratio:	83.96306
Pricing date:	July 25
Settlement date:	July 30
Agent:	Barclays Capital
Cusip:	06741J3L1

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