New Issue: Barclays prices $1 million more 8.25% reverse convertibles linked to Peabody Energy

By Susanna Moon

Chicago, Sept. 8 - Barclays Bank plc priced another $1 million of 8.25% reverse convertible notes due Aug. 31, 2012 linked to Peabody Energy Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

This brings the total deal size to $1.1 million. The issuer priced $100,000 of the notes on Aug. 26.

Interest is payable monthly.

The payout at maturity will be par in cash unless Peabody Energy shares fall below the protection price - 75% of the initial price - during the life of the notes and finish below the initial price, in which case the payout will be a number of Peabody shares equal to $1,000 divided by the initial share price.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Reverse convertible notes
Underlying stock:	Peabody Energy Corp. (Symbol: BTU)
Amount:	$1.1 million, up from $100,000
Maturity:	Aug. 31, 2012
Coupon:	8.25%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Peabody shares fall below the protection price during the life of the notes and finish below the initial price, in which case 21.231423 Peabody shares
Initial price:	$47.10
Protection price:	$35.33, 75% of initial price
Pricing dates:	Aug. 26 for $100,000, Sept. 8 for $1 million
Settlement dates:	Aug. 31 for $100,000, Sept. 13 for $1 million
Agent:	Barclays Capital Inc.
Fees:	2.1%
Cusip:	06741JLK3

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