New Issue: Barclays prices $100,000 12% reverse convertibles linked to Halliburton

New York, Nov. 29 - Barclays Bank plc priced $100,000 of 12% reverse convertible notes due May 31, 2012 linked to Halliburton Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Halliburton shares fall below the protection price of $24.15, 75% of the initial price of $32.20, during the life of the notes and finish below the initial price in which case the payout will be 31.055901 shares of Halliburton stock.

Barclays Capital is the agent.

Issuer:	Barclays Bank plc
Issue:	Reverse convertible notes
Underlying stock:	Halliburton Co. (Symbol: HAL)
Amount:	$100,000
Maturity:	May 31, 2012
Coupon:	12%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Halliburton shares fall below the protection price of $24.15, 75% of the initial price, and finish below the initial price, in which case 31.055901 shares of Halliburton stock
Initial price:	$32.20
Protection price:	$24.15, 75% of $32.20
Exchange ratio:	31.055901
Pricing date:	Nov. 23
Settlement date:	Nov. 30
Agent:	Barclays Capital
Fees:	2%
Cusip:	06741JPN3

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