New Issue: Barclays sells $2.64 million 0% callable exchangeables linked to GE

New York, Feb. 24 - Barclays Bank plc priced $2.64 million of three-year 0% callable exchangeable notes linked to General Electric Co. common stock, according to a 424B2 filing with the Securities and Exchange Commission.

Issuer:	Barclays Bank plc
Issue:	Callable exchangeable senior medium-term notes
Underlying stock:	General Electric Co.
Amount:	$2.644 million
Maturity:	Feb. 28, 2008
Coupon:	0%
Price:	Par
Payout at maturity:	Par in cash unless General Electric stock closes lower than protection level at some point, otherwise $1,000/$35.27 shares of General Electric stock
Protection price:	$26.45, 75% of initial price of $35.27
Exchange ratio:	$1,000/$35.27
Exchange price:	$35.27 (initial level of General Electric stock)
Call:	On Feb. 28, 2006 at 107.25, on Feb. 28, 2007 at 114.5, on Feb. 25, 2008 at 121.75, call is mandatory if GE stock trades at initial price or higher
Pricing date:	Feb. 23
Settlement date:	Feb. 28
Lead manager:	Barclays Capital
Distribution:	Off shelf

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