New Issue: Barclays prices $670,000 11.4% reverse convertibles linked to Market Vectors Gold Miners

New York, June 7 - Barclays Bank plc priced $670,000 of 11.4% reverse convertible notes due Dec. 11, 2013 linked to the Market Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless the ETF falls below the protection price, 80% of the initial price of $29.93, during the life of the notes and finishes below the initial price in which case the payout will be ETF shares equal to $1,000 principal amount divided by the initial price.

Barclays Capital is the agent.

Issuer:	Barclays Bank plc
Issue:	Reverse convertible notes
Underlying stock:	Market Vectors Gold Miners ETF
Amount:	$670,000
Maturity:	Dec. 11, 2013
Coupon:	11.4%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless the ETF falls below the protection price, 80% of the initial price, and finishes below the initial price, in which case ETF shares equal to $1,000 principal amount divided by the initial price
Initial price:	$29.93
Protection price:	$23.94, 80% of $29.93
Pricing date:	June 6
Settlement date:	June 11
Agent:	Barclays Capital
Cusip:	06741J2S7

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