New Issue: Barclays prices $1.24 million 8.05% callable yield notes linked to Bristol-Myers

By Toni Weeks

San Luis Obispo, Calif., Dec. 20 - Barclays Bank plc priced $1.24 million of 8.05% callable yield notes due Dec. 24, 2015 linked to Bristol-Myers Squibb Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes are callable at par on any interest payment date.

The payout at maturity will be par unless the stock finishes below the knock-in level, 75% of the initial price, in which case the payout will be par plus the return with exposure to any losses or, at the issuer's option, a number of shares equal to $1,000 divided by the initial share price.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable yield notes
Underlying stock:	Bristol-Myers Squibb Co. (Symbol: BMY)
Amount:	$1,235,000
Maturity:	Dec. 24, 2015
Coupon:	8.05%, payable quarterly
Price:	Par
Payout at maturity:	Par unless stock finishes below knock-in level, in which case par plus return with exposure to any losses or, at issuer's option, 19.01502 Bristol-Myers shares
Initial level:	$52.59
Knock-in level:	$39.44, 75% of initial level
Call option:	At par on any interest payment date
Pricing date:	Dec. 19
Settlement date:	Dec. 24
Agent:	Barclays
Fees:	1%
Cusip:	06741J5V7

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