New Issue: Barclays prices $4 million 14.25% reverse convertibles linked to Monsanto

New York, Sept. 26 - Barclays Bank plc priced $4 million of 14.25% reverse convertible notes due March 30, 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 $76.47, 70% of the initial price of $109.24, during the life of the notes and finish below the initial price in which case the payout will be 9.154156 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 million
Maturity:	March 30, 2009
Coupon:	14.25%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Monsanto shares fall below the protection price of $76.47, 70% of the initial price, and finish below the initial price, in which case 9.154156 shares of Monsanto stock
Initial price:	$109.24
Protection price:	$76.47, 70% of $109.24
Exchange ratio:	9.154156
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Agent:	Barclays Capital
Fees:	1.625%

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