New Issue: Barclays prices $2 million 9% reverse convertibles linked to NBTY

New York, Jan. 29 - Barclays Bank plc priced $2 million of 9% reverse convertible notes due July 29, 2010 linked to NBTY, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless NBTY shares fall below the protection price of $34.17, 80% of the initial price of $42.71, during the life of the notes and finish below the initial price in which case the payout will be 23.41372 shares of NBTY stock.

Barclays Capital is the agent.

Issuer:	Barclays Bank plc
Issue:	Reverse convertible notes
Underlying stock:	NBTY, Inc. (Symbol: NTY)
Amount:	$2 million
Maturity:	July 29, 2010
Coupon:	9%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless NBTY shares fall below the protection price of $34.17, 80% of the initial price, and finish below the initial price, in which case 23.41372 shares of NBTY stock
Initial price:	$42.71
Protection price:	$34.17, 80% of $42.71
Exchange ratio:	23.41372
Pricing date:	Jan. 26
Settlement date:	Jan. 29
Agent:	Barclays Capital
Fees:	1.625%
Cusip:	06740JLQ1

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