New Issue: Barclays prices $3 million 18.5% reverse convertibles linked to Peabody Energy

New York, Feb. 12 - Barclays Bank plc priced $3 million of 18.5% reverse convertible notes due Aug. 13, 2009 linked to Peabody Energy Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Peabody Energy shares fall below the protection price of $13.92, 50% of the initial price of $27.83, during the life of the notes and finish below the initial price in which case the payout will be 35.932447 shares of Peabody Energy stock.

Barclays Capital is the agent.

Issuer:	Barclays Bank plc
Issue:	Reverse convertible notes
Underlying stock:	Peabody Energy Corp. (Symbol: BTU)
Amount:	$3 million
Maturity:	Aug. 13, 2009
Coupon:	18.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Peabody Energy shares fall below the protection price of $13.92, 50% of the initial price, and finish below the initial price, in which case 35.932447 shares of Peabody Energy stock
Initial price:	$27.83
Protection price:	$13.92, 50% of $27.83
Exchange ratio:	35.932447
Pricing date:	Feb. 10
Settlement date:	Feb. 13
Agent:	Barclays Capital
Fees:	1.625%

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