New Issue: Barclays sells $2.5 million 10.5% exchangeables linked to LSI Logic

By Jennifer Chiou

New York, Aug. 30 - Barclays Bank plc priced $2.5 million of one-year 10.5% exchangeable notes linked to LSI Logic Corp. common stock, according to a 424B2 filing with the Securities and Exchange Commission.

Issuer:	Barclays Bank plc
Issue:	Exchangeable senior medium-term series A notes
Underlying stock:	LSI Logic Corp.
Amount:	$2.5 million
Maturity:	Aug. 31, 2006
Coupon:	10.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless LSI Logic stock closes lower than initial price of $9.67 and it falls below the protection level of $6.77 between Aug. 26, 2005 and Aug. 28, 2006, in which case $1,000/$9.67 shares of Merck stock
Protection price:	$6.77, 70% of initial price
Initial price:	$9.67
Pricing date:	Aug. 26
Settlement date:	Aug. 31
Lead manager:	Barclays Capital

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