New Issue: Barclays sells $6 million 11% exchangeables linked to Apple

New York, Dec. 29 - Barclays Bank plc priced $6 million of one-year 11% exchangeable notes linked to Apple Computer Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Issuer:	Barclays Bank plc
Issue:	Exchangeable medium-term series A notes
Underlying stock:	Apple Computer Inc.
Amount:	$6 million
Maturity:	Dec. 29, 2006
Coupon:	11%, payable monthly
Price:	Par
Payout at maturity:	Par unless Apple stock finishes below the initial price of $74.23 and it falls below the protection price of $51.96 between Dec. 27, 2005 and Dec. 27, 2006, in which case $1,000/$74.23 shares per $1,000 principal amount
Protection price:	$51.96, 70% of initial price
Initial price:	$74.23
Pricing date:	Dec. 27
Settlement date:	Dec. 29
Underwriter:	Barclays Capital

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