New Issue: Barclays prices $1.5 million 9.4% reverse convertibles linked to iShares S&P Latin America 40 Index

New York, June 26 - Barclays Bank plc priced $1.5 million of 9.4% reverse convertible notes due Dec. 31, 2008 linked to iShares S&P Latin America 40 Index Fund shares, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless iShares S&P Latin America 40 Index shares fall below the protection price of $223.31, 80% of the initial price of $279.14, during the life of the notes and finishes below the initial price in which case the payout will be 3.582432 shares of iShares S&P Latin America 40 Index stock.

Barclays Capital is the agent.

Issuer:	Barclays Bank plc
Issue:	Reverse convertible notes
Underlying stock:	iShares S&P Latin America 40 Index Fund (Symbol: ILF)
Amount:	$1.5 million
Maturity:	Dec. 31, 2008
Coupon:	9.4%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless iShares S&P Latin America 40 Index stock falls below the protection price of $223.31, 80% of the initial price, and finishes below the initial price, in which case 3.582432 shares of iShares S&P Latin America 40 Index stock
Initial price:	$279.14
Protection price:	$223.31, 80% of $279.14
Exchange ratio:	3.582432
Pricing date:	June 25
Settlement date:	June 30
Agent:	Barclays Capital
Fees:	1.5%

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