New Issue: Barclays sells $4 million 13.5% exchangeables linked to AMR

By Jennifer Chiou

New York, June 28 - Barclays Bank plc priced $4 million of one-year 13.5% exchangeable notes linked to AMR Corp. 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:	AMR
Amount:	$4 million
Maturity:	June 29, 2007
Coupon:	13.5%, payable monthly
Price:	Par
Payout at maturity:	Par unless AMR stock finishes below the initial price of $24.38 and falls below the protection price of $12.19 between June 27, 2006 and June 26, 2007, in which case $1,000/$24.38 shares per $1,000 principal amount
Protection price:	$12.19, 50% of initial price
Initial share price:	$24.38
Pricing date:	June 27
Settlement date:	June 30
Underwriter:	Barclays Capital

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