New Issue: Barclays sells $1.695 million 18.85% exchangeables linked to Taser

By Caroline Salls

Pittsburgh, March 30 - Barclays Bank plc priced $1.695 million of one-year 18.85% exchangeable notes linked to Taser International Inc. common stock, according to a 424B2 filing with the Securities and Exchange Commission.

Issuer:	Barclays Bank plc
Issue:	Exchangeable senior medium-term notes
Underlying stock:	Taser International Inc.
Amount:	$1.695 million
Maturity:	March 31, 2006
Coupon:	18.85%, payable monthly
Price:	Par
Payout at maturity:	Par unless Taser stock finishes below the initial price of $12.62 and it falls below the protection price of $6.31 between March 31, 2005 and March 31, 2006, in which case $1,000/$12.62 shares per $1,000 principal amount
Protection price:	$6.31, 50% of the initial price
Initial share price:	$12.62
Pricing date:	March 28
Settlement date:	March 31
Underwriter:	Barclays Capital

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