New Issue: Barclays prices $1 million more 10% reverse convertibles tied to Ford

By Marisa Wong

Madison, Wis., Aug. 31 - Barclays Bank plc priced an additional $1 million of 10% reverse convertible notes due July 15, 2013 linked to Ford Motor Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

This brings the total issue size to $2.07 million. Barclays previously priced a $1 million add-on to the original $66,000 of notes that priced on July 12. The first add-on priced on July 16.

The payout at maturity will be par in cash unless Ford Motor shares fall below the protection price of $7.30, 80% of the initial price of $9.13, during the life of the notes and finish below the initial price in which case the payout will be 109.529025 shares of Ford Motor stock.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Reverse convertible notes
Underlying stock:	Ford Motor Co. (Symbol: F)
Amount:	$2,066,000 (up from original $66,000)
Maturity:	July 15, 2013
Coupon:	10%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Ford Motor shares fall below the protection price of $7.30, 80% of the initial price, and finish below the initial price, in which case 109.529025 shares of Ford Motor stock
Initial price:	$9.13
Protection price:	$7.30, 80% of $9.13
Exchange ratio:	109.529025
Pricing date:	July 12 for original $66,000; July 16 for $1 million; Aug. 29 for $1 million
Settlement date:	July 16 for initial tranche; July 19 for first add-on; Sept. 4 for second add-on
Agent:	Barclays Capital Inc.
Fees:	2.5%
Cusip:	06741JK24

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