New Issue: Barclays prices $3 million 9.75% reverse convertibles linked to Exxon Mobil

New York, Aug. 19 - Barclays Bank plc priced $3 million of 9.75% reverse convertible notes due Feb. 23, 2009 linked to Exxon Mobil Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Exxon Mobil shares fall below the protection price of $61.22, 80% of the initial price of $76.53, during the life of the notes and finish below the initial price in which case the payout will be Exxon Mobil shares equal to $1,000 principal amount divided by the initial price.

Barclays Capital is the agent.

Issuer:	Barclays Bank plc
Issue:	Reverse convertible notes
Underlying stock:	Exxon Mobil Corp. (Symbol: XOM)
Amount:	$3 million
Maturity:	Feb. 23, 2009
Coupon:	9.75%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Exxon Mobil shares fall below the protection price of $61.22, 80% of the initial price, and finish below the initial price, in which case Exxon Mobil shares equal to $1,000 principal amount divided by the initial price
Initial price:	$76.53
Protection price:	$61.22
Pricing date:	Aug. 18
Settlement date:	Aug. 29
Agent:	Barclays Capital
Fees:	1.5%

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