New Issue: Barclays prices $2 million 14.25% reverse convertibles linked to Wendy's

New York, Sept. 30 - Barclays Bank plc priced $2 million of 14.25% reverse convertible notes due March 30, 2010 linked to Wendy's /Arby's Group, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Wendy's shares fall below the protection price of $3.74, 75% of the initial price of $4.98, during the life of the notes and finish below the initial price in which case the payout will be 200.803213 shares of Wendy's stock.

Barclays Capital is the agent.

Issuer:	Barclays Bank plc
Issue:	Reverse convertible notes
Underlying stock:	Wendy's /Arby's Group, Inc. (Symbol: WEN)
Amount:	$2 million
Maturity:	March 30, 2010
Coupon:	14.25%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Wendy's shares fall below the protection price of $3.74, 75% of the initial price, and finish below the initial price, in which case 200.803213 shares of Wendy's stock
Initial price:	$4.98
Protection price:	$3.74, 75% of $4.98
Exchange ratio:	200.803213
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Agent:	Barclays Capital
Fees:	1.625%

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