New Issue: Barclays sells $2 million 10% exchangeables linked to Micron Technology

By Jennifer Chiou

New York, Oct. 28 - Barclays Bank plc priced $2 million of one-year 10% exchangeable notes linked to the stock of Micron Technology Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Issuer:	Barclays Bank plc
Issue:	Exchangeable medium-term series A notes
Underlying stock:	Micron Technology Inc.
Amount:	$2 million
Maturity:	Oct. 31, 2006
Coupon:	10%, payable monthly
Price:	Par
Payout at maturity:	Par unless Micron Technology stock finishes below the initial price of $12.75 and it falls below the protection price of $8.93 between Oct. 26, 2005 and Oct. 26, 2006, in which case $1,000/$12.75 shares per $1,000 principal amount
Protection price:	$8.93, 70% of initial price
Initial price:	$12.75
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Underwriter:	Barclays Capital

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