New Issue: Barclays sells $2.25 million 11.5% reverse convertibles linked to NYSE Euronext

By Jennifer Chiou

New York, April 16 - Barclays Bank plc priced $2.25 million of 11.5% reverse convertible notes due July 18, 2007 linked to NYSE Euronext, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash if NYSE Euronext stock stays at or above the protection price, 80% of the initial share price of $93.66, during the life of the notes or finishes at or above the initial share price. Otherwise, the payout will be in NYSE Euronext stock, with the number of shares equal to $1,000 divided by the initial share price.

Barclays Capital is the agent.

Issuer:	Barclays Bank plc
Issue:	Reverse convertible notes
Underlying stock:	NYSE Euronext, Inc.
Amount:	$2.25 million
Maturity:	July 18, 2007
Coupon:	11.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash if NYSE Euronext stock stays at or above the protection price of $74.93 during the life of the notes or finishes at or above the initial share price; otherwise 10.67692 NYSE shares
Initial share price:	$93.66
Protection price:	$74.93, 80% of initial share price
Pricing date:	April 13
Settlement date:	April 18
Agent:	Barclays Capital
Agent fees:	1%

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