New Issue: Barclays prices $500,000 20% reverse convertible notes on GameStop

By Jennifer Chiou

New York, Nov. 18 – Barclays Bank plc priced $500,000 of 20% annualized reverse convertible notes due Feb. 19, 2015 linked to the common stock of GameStop Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless the final share price is less than the protection price - 75% of the initial price - in which case the payout will be a number of GameStop shares equal to $1,000 divided by the initial share price or, at Barclays' option, a cash amount equal to the value of those shares.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Reverse convertible notes
Underlying stock:	GameStop Corp. (Symbol: GME)
Amount:	$500,000
Maturity:	Feb. 19, 2015
Coupon:	20% per year, payable monthly
Price:	Variable
Payout at maturity:	If final share price is lower than protection price, a number of GameStop shares equal to $1,000 divided by initial share price or cash equivalent; otherwise, par
Initial price:	$44.46
Protection price:	$33.35, 75% of initial price
Pricing date:	Nov. 14
Settlement date:	Nov. 19
Agent:	Barclays
Fees:	1.25%
Cusip:	06741JX87

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