Barclays to price 14.25% reverse convertibles linked to KB Home

New York, Jan. 24 - Barclays Bank plc plans to price 14.25% reverse convertible notes due April 29, 2013 linked to KB Home shares, according to an FWP filing with the Securities and Exchange Commission.

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

The notes are expected to price on Jan. 24 and settle on Jan. 29.

Barclays Capital is the agent.

The Cusip number is 06741JWW5.

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