New Issue: Barclays sells $1.25 million 15.25% reverse convertibles linked to Whole Foods

By Jennifer Chiou

New York, Nov. 9 - Barclays Bank plc priced $1.25 million of 15.25% reverse convertible notes due Feb. 13, 2007 linked to Whole Foods Market, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Issuer:	Barclays Bank plc
Issue:	Exchangeable medium-term series A notes
Underlying stock:	Whole Foods Market, Inc.
Amount:	$1.25 million
Maturity:	Feb. 13, 2007
Coupon:	15.25%, payable monthly
Price:	Par
Payout at maturity:	Par unless Whole Foods stock finishes below the initial price of $49.04 and it falls below the protection price of $39.23 between Nov. 8, 2006 and Feb. 8, 2007, in which case $1,000/$49.04 shares per $1,000 principal amount
Protection price:	$39.23, 80% of initial price
Initial price:	$49.04
Pricing date:	Nov. 8
Settlement date:	Nov. 13
Underwriter:	Barclays Capital
Fees:	1.25%

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