New Issue: Barclays prices $1.5 million 11.3% reverse convertibles linked to Walt Disney

New York, Jan. 29 - Barclays Bank plc priced $1.5 million of 11.3% reverse convertible notes due April 30, 2009 linked to Walt Disney Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Walt Disney shares fall below the protection price of $13.81, 65% of the initial price of $21.25, during the life of the notes and finish below the initial price in which case the payout will be 47.058824 shares of Walt Disney stock.

Barclays Capital is the agent.

Issuer:	Barclays Bank plc
Issue:	Reverse convertible notes
Underlying stock:	Walt Disney Co. (Symbol: DIS)
Amount:	$1.5 million
Maturity:	April 30, 2009
Coupon:	11.3%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Walt Disney shares fall below the protection price of $13.81, 65% of the initial price, and finish below the initial price, in which case 47.058824 shares of Walt Disney stock
Initial price:	$21.25
Protection price:	$13.81, 65% of $21.25
Exchange ratio:	47.058824
Pricing date:	Jan. 27
Settlement date:	Jan. 30
Agent:	Barclays Capital
Fees:	1.375%

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