New Issue: Barclays prices $1 million 17.75% reverse convertibles linked to Ford Motor

New York, Sept. 29 - Barclays Bank plc priced $1 million of 17.75% reverse convertible notes due Dec. 31, 2009 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, 75% of the initial price of $7.29, during the life of the notes and finish below the initial price in which case the payout will be Ford Motor 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:	Ford Motor Co. (Symbol: F)
Amount:	$1 million
Maturity:	Dec. 31, 2009
Coupon:	17.75%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Ford Motor shares fall below the protection price, 75% of the initial price, and finish below the initial price, in which case Ford Motor shares equal to $1,000 principal amount divided by the initial price
Initial price:	$7.29
Protection price:	$, 75% of $7.29
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Agent:	Barclays Capital
Fees:	1.375%

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