New Issue: Barclays sells $1.5 million 11.25% exchangeables linked to Flextronics

New York, April 26 - Barclays Bank plc priced $1.5 million of one-year 11.25% exchangeable notes linked to Flextronics International Ltd. 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:	Flextronics International Ltd.
Amount:	$1.5 million
Maturity:	May 2, 2006
Coupon:	11.25%, paid monthly
Price:	Par
Payout at maturity:	Par unless Flextronics stock finishes below the initial price of $11.27 and it falls below protection price of $7.89 between April 25, 2005 and April 25, 2006, in which case $1,000/$11.27 shares per $1,000 principal amount
Protection price:	$7.89, 70% of initial price
Initial share price:	$11.27
Pricing date:	April 25
Settlement date:	May 2
Underwriter:	Barclays Capital

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