New Issue: Barclays sells $1 million 10% exchangeables linked to Urban Outfitters

By Caroline Salls

Pittsburgh, March 30 - Barclays Bank plc priced $1 million of one-year 10% exchangeable notes linked to Urban Outfitters 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:	Urban Outfitters Inc.
Amount:	$1 million
Maturity:	March 31, 2006
Coupon:	10%, payable monthly
Price:	Par
Payout at maturity:	Par unless Urban Outfitters stock finishes below the initial price of $47.50 and it falls below the protection price of $33.25 between March 31, 2005 and March 31, 2006, in which case $1,000/$47.50 shares per $1,000 principal amount
Protection price:	$33.25, 70% of the initial price
Initial share price:	$47.50
Pricing date:	March 28
Settlement date:	March 31
Underwriter:	Barclays Capital

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