New Issue: Barclays prices $3.5 million 10.75% reverse convertibles linked to Ford Motor

New York, Nov. 30 - Barclays Bank plc priced $3.5 million of 10.75% reverse convertible notes due May 26, 2010 linked to Ford Motor Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Ford Motor shares fall below the protection price of $6.11, 70% of the initial price of $8.73, during the life of the notes and finish below the initial price in which case the payout will be 114.547537 shares of Ford Motor stock.

Barclays Capital is the agent.

Issuer:	Barclays Bank plc
Issue:	Reverse convertible notes
Underlying stock:	Ford Motor Co. (Symbol: F)
Amount:	$3.5 million
Maturity:	May 26, 2010
Coupon:	10.75%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Ford Motor shares fall below the protection price of $6.11, 70% of the initial price, and finish below the initial price, in which case 114.547537 shares of Ford Motor stock
Initial price:	$8.73
Protection price:	$6.11, 70% of $8.73
Exchange ratio:	114.547537
Pricing date:	Nov. 23
Settlement date:	Nov. 30
Agent:	Barclays Capital
Fees:	1.625%

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