New Issue: Barclays prices $2 million 10.25% reverse convertibles linked to Green Mountain

New York, Dec. 30 - Barclays Bank plc priced $2 million of 10.25% reverse convertible notes due June 28, 2010 linked to Green Mountain Coffee Roasters, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Green Mountain shares fall below the protection price of $50.84, 70% of the initial price of $72.63, during the life of the notes and finish below the initial price in which case the payout will be 13.768415 shares of Green Mountain stock.

Barclays Capital is the agent.

Issuer:	Barclays Bank plc
Issue:	Reverse convertible notes
Underlying stock:	Green Mountain Coffee Roasters, Inc. (Symbol: GMCR)
Amount:	$2 million
Maturity:	June 28, 2010
Coupon:	10.25%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Green Mountain shares fall below the protection price of $50.84, 70% of the initial price, and finish below the initial price, in which case 13.768415 shares of Green Mountain stock
Initial price:	$72.63
Protection price:	$50.84, 70% of $72.63
Exchange ratio:	13.768415
Pricing date:	Dec. 23
Settlement date:	Dec. 31
Agent:	Barclays Capital
Fees:	1.625%

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