New Issue: Barclays prices $250,000 10.25% reverse convertibles linked to Hecla Mining

New York, March 17 - Barclays Bank plc priced $250,000 of 10.25% reverse convertible notes due June 20, 2011 linked to Hecla Mining Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Hecla Mining shares fall below the protection price of $5.96, 70% of the initial price of $8.51, during the life of the notes and finish below the initial price in which case the payout will be 117.508813 shares of Hecla Mining stock.

Barclays Capital is the agent.

Issuer:	Barclays Bank plc
Issue:	Reverse convertible notes
Underlying stock:	Hecla Mining Co. (Symbol: HL)
Amount:	$250,000
Maturity:	June 20, 2011
Coupon:	10.25%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Hecla Mining shares fall below the protection price of $5.96, 70% of the initial price, and finish below the initial price, in which case 117.508813 shares of Hecla Mining stock
Initial price:	$8.51
Protection price:	$5.96, 70% of $8.51
Exchange ratio:	117.508813
Pricing date:	March 15
Settlement date:	March 18
Agent:	Barclays Capital
Fees:	1.25%
Cusip:	06741JEW5

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