New Issue: Barclays prices $10 million 11.5% reverse convertibles linked to Petrohawk Energy

New York, June 29 - Barclays Bank plc priced $10 million of 11.5% reverse convertible notes due Dec. 30, 2011 linked to Petrohawk Energy Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Petrohawk Energy shares fall below the protection price of $17.64, 75% of the initial price of $23.52, during the life of the notes and finish below the initial price in which case the payout will be 42.517007 shares of Petrohawk Energy stock.

Barclays Capital is the agent.

Issuer:	Barclays Bank plc
Issue:	Reverse convertible notes
Underlying stock:	Petrohawk Energy Corp. (Symbol: HK)
Amount:	$10 million
Maturity:	Dec. 30, 2011
Coupon:	11.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Petrohawk Energy shares fall below the protection price of $17.64, 75% of the initial price, and finish below the initial price, in which case 42.517007 shares of Petrohawk Energy stock
Initial price:	$23.52
Protection price:	$17.64, 75% of $23.52
Exchange ratio:	42.517007
Pricing date:	June 27
Settlement date:	June 30
Agent:	Barclays Capital
Fees:	1.625%
Cusip:	06741JJA8

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