New Issue: Barclays prices $4.5 million 17% reverse convertibles linked to Monsanto

New York, Dec. 30 - Barclays Bank plc priced $4.5 million of 17% reverse convertible notes due June 26, 2009 linked to Monsanto Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Monsanto shares fall below the protection price of $39.76, 60% of the initial price of $66.26, during the life of the notes and finish below the initial price in which case the payout will be 15.092062 shares of Monsanto stock.

Barclays Capital is the agent.

Issuer:	Barclays Bank plc
Issue:	Reverse convertible notes
Underlying stock:	Monsanto Co. (Symbol: MON)
Amount:	$4.5 million
Maturity:	June 26, 2009
Coupon:	17%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Monsanto shares fall below the protection price of $39.76, 60% of the initial price, and finish below the initial price, in which case 15.092062 shares of Monsanto stock
Initial price:	$66.26
Protection price:	$39.76, 60% of $66.26
Exchange ratio:	15.092062
Pricing date:	Dec. 23
Settlement date:	Dec. 31
Agent:	Barclays Capital
Fees:	1.625%

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