Barclays plans issue of 6% exchangeables linked to Oracle

By Jennifer Chiou

New York, March 2 - Barclays Bank plc announced it plans to issue 6% exchangeable medium-term series A notes linked to Oracle Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will mature on March 7, 2007.

At maturity, investors will receive par unless Oracle stock finishes below the initial price and it falls below the protection price, 80% of the initial share price, between March 2, 2006 and March 2, 2007, in which case the payout will be $1,000 divided by the initial share price per $1,000 principal amount.

Barclays Capital will be the underwriter.

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