New Issue: Barclays prices $1 million more 11.9% reverse convertibles linked to Halliburton

By Toni Weeks

San Diego, Oct. 13 - Barclays Bank plc priced an additional $1 million of 11.9% reverse convertible notes due March 30, 2012 linked to Halliburton Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

This brings the total deal size to $1.1 million. The first $100,000 of the notes priced Sept. 27.

The payout at maturity will be par in cash unless Halliburton shares fall below the protection price of $25.85, 75% of the initial price of $34.46, during the life of the notes and finish below the initial price, in which case the payout will be 29.019153 shares of Halliburton stock.

Barclays Capital is the agent.

Issuer:	Barclays Bank plc
Issue:	Reverse convertible notes
Underlying stock:	Halliburton Co. (NYSE: HAL)
Amount:	$1.1 million
Maturity:	March 30, 2012
Coupon:	11.9%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Halliburton shares fall below the protection price of $25.85, 75% of the initial price, and finish below the initial price, in which case 29.019153 shares of Halliburton stock
Initial price:	$34.46
Protection price:	$25.85, 75% of $34.46
Exchange ratio:	29.019153
Pricing dates:	Sept. 27 for $100,000; Oct. 13 for $1 million
Settlement dates:	Sept. 30 for $100,000; Oct. 18 for $1 million
Agent:	Barclays Capital
Fees:	2%
Cusip:	06741JNA3

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