New Issue: Barclays prices $2.5 million 18% reverse convertibles linked to Coldwater Creek

New York, Sept. 27 - Barclays Bank plc priced $2.5 million of 18% reverse convertible notes due March 28, 2008 linked to Coldwater Creek Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Coldwater Creek stock falls below the protection price of $7.70, 70% of the initial price of $11.00, during the life of the notes and finishes below the initial price in which case the payout will be 90.909091 shares of Coldwater Creek stock.

Barclays Capital is the agent.

Issuer:	Barclays Bank plc
Issue:	Reverse convertible notes
Underlying stock:	Coldwater Creek Inc. (Symbol: CWTR)
Amount:	$2.5 million
Maturity:	March 28, 2008
Coupon:	18%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Coldwater Creek stock falls below the protection price of $7.70, 70% of the initial price, and finishes below the initial price, in which case 90.909091 shares of Coldwater Creek stock.
Initial price:	$11.00
Protection price:	$7.70, 70% of $11.00
Exchange ratio:	90.909091
Pricing date:	Sept. 25
Settlement date:	Sept. 28
Agent:	Barclays Capital
Agent fee:	1.625%

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