New Issue: Barclays prices another $1 million of 9% reverse convertibles linked to Amazon.com

By Toni Weeks

San Diego, Oct. 6 - Barclays Bank plc priced another $1 million of its 9% reverse convertible notes due Jan. 30, 2012 linked to Amazon.com, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

This brings the total issue to $2.9 million. The original $900,000 of the notes was issued on July 28, and a $1 million add-on was issued on Sept. 30.

The payout at maturity will be par in cash unless Amazon.com shares fall below the protection price - 80% of the initial share price - during the life of the notes and finish below the initial price, in which case the payout will be a number of shares of Amazon.com stock equal to $1,000 divided by the initial share price.

Barclays Capital is the agent.

Issuer:	Barclays Bank plc
Issue:	Reverse convertible notes
Underlying stock:	Amazon.com, Inc. (Symbol: AMZN)
Amount:	$2.9 million, increased from $900,000
Maturity:	Jan. 30, 2012
Coupon:	9%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Amazon.com shares fall below the protection price during the life of the notes and finish below the initial price, in which case 4.68406 shares of Amazon.com stock
Initial price:	$213.49
Protection price:	$170.79, 80% of $213.49
Exchange ratio:	4.68406
Pricing dates:	July 25 for $900,000; Sept. 27 for $1 million; Oct. 5 for $1 million
Settlement dates:	July 28 for $900,000; Sept. 30 for $1 million; Oct. 11 for $1 million
Agent:	Barclays Capital
Fees:	2%
Cusip:	06741JKY4

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