Barclays to price 8.5% reverse convertibles linked to BJ's Wholesale Club

By E. Janene Geiss

Philadelphia, Dec. 6 - Barclays Bank plc plans to price an issue of 8.5% reverse convertible notes due Dec. 27, 2007 linked to the common stock of BJ's Wholesale Club, Inc.

Interest will be paid monthly.

At maturity, investors will receive par unless BJ's Wholesale Club stock falls below the knock-in price - 80% of the initial share price - during the life of the notes and finishes below the initial share price, in which case the payout will be a number of BJ's Wholesale Club shares equal to $1,000 divided by the initial share price.

The notes are expected to price Dec. 21 and settle on Dec. 29.

Barclays Capital will be the agent.

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