New Issue: Barclays prices $1.5 million 10.6% exchangeables linked to McAfee

By Angela McDaniels

Seattle, Feb. 7 - Barclays Bank plc priced $1.5 million of one-year 10.6% exchangeable notes linked to McAfee 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:	McAfee Inc.
Amount:	$1.5 million
Maturity:	Feb. 9, 2007
Coupon:	10.6%
Price:	Par
Payout at maturity:	Par unless McAfee stock finishes below the initial price of $22.40 and falls below the protection price of $17.92 between Feb. 7, 2006, and Feb. 7, 2007, in which case $1,000/$22.40 shares per $1,000 principal amount
Protection price:	$17.92, 80% of initial price
Initial share price:	$22.40
Pricing date:	Feb. 7
Settlement date:	Feb. 9
Underwriter:	Barclays Capital

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