New Issue: Barclays prices $2 million more 10.5% reverse convertibles linked to Halliburton

By Toni Weeks

San Diego, Feb. 8 - Barclays Bank plc priced an additional $2 million of 10.5% reverse convertible notes due Jan. 30, 2013 linked to Halliburton Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

This brings the total deal size to $2.2 million, up from $200,000.

The payout at maturity will be par in cash unless Halliburton shares fall below the protection price of $27.12, 75% of the initial price of $36.16, during the life of the notes and finish below the initial price, in which case the payout will be 27.654867 shares of Halliburton stock.

Barclays Capital is the agent.

Issuer:	Barclays Bank plc
Issue:	Reverse convertible notes
Underlying stock:	Halliburton Co. (Symbol: HAL)
Amount:	$2 million, increased from $200,000
Maturity:	Jan. 30, 2013
Coupon:	10.5%, payable monthly
Price:	Variable
Payout at maturity:	Par in cash unless Halliburton shares fall below the protection price of $27.12, 75% of the initial price, and finish below the initial price, in which case 27.654867 shares of Halliburton stock
Initial price:	$36.16
Protection price:	$27.12, 75% of $36.16
Exchange ratio:	27.654867
Pricing dates:	Jan. 26 for $200,000; Feb. 6 for $2 million add-on
Settlement dates:	Jan. 31for $200,000; Feb. 9 for $2 million add-on
Agent:	Barclays Capital
Fees:	2.5%
Cusip:	06741JRD3

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