Barclays plans issue of 10% exchangeables linked to Knight Capital

By Jennifer Chiou

New York, May 3 - Barclays Bank plc plans to price an issue of 10% exchangeable notes due May 31, 2007 linked to Knight Capital Group, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

At maturity, investors will receive par unless Knight Capital Group stock finishes below the initial price and falls below the protection price, 80% of the initial share price, between May 25, 2006 and May 25, 2007, in which case the payout will be $1,000 divided by the initial share price.

Barclays Capital will be the agent.

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