New Issue: Barclays prices an additional $1 million 10% reverse convertibles linked to Caterpillar

By Toni Weeks

San Diego, Aug. 24 - Barclays Bank plc priced another $1 million of 10% reverse convertible notes due Aug. 9, 2013 linked to Caterpillar Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

This brings the total deal size to $2.06 million. The initial $1.06 million of the notes priced Aug. 7.

The payout at maturity will be par in cash unless Caterpillar shares fall below the protection price of $69.78, 80% of the initial price of $87.22, during the life of the notes and finish below the initial price in which case the payout will be 11.46526 shares of Caterpillar stock.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Reverse convertible notes
Underlying stock:	Caterpillar Inc. (Symbol: CAT)
Amount:	$2.06 million, increased from $1.06 million
Maturity:	Aug. 9, 2013
Coupon:	10%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Caterpillar shares fall below the protection price of $69.78, 80% of the initial price, and finish below the initial price, in which case 11.46526 shares of Caterpillar stock
Initial price:	$87.22
Protection price:	$69.78, 80% of $87.22
Exchange ratio:	11.46526
Pricing dates:	Aug. 7 for $1.06 million; Aug. 24 for $1 million
Settlement dates:	Aug. 10 for $1.06 million; Aug. 29 for add-on
Agent:	Barclays
Fees:	2.5%
Cusip:	06741JM71

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