New Issue: Barclays prices $1.5 million 6% reverse convertibles linked to Oracle

By Jennifer Chiou

New York, March 3 - Barclays Bank plc priced $1.5 million of 6% reverse convertible notes due March 7, 2007 linked to Oracle Corp. stock, according to an FWP filing with the Securities and Exchange Commission.

Issuer:	Barclays Bank plc
Issue:	Reverse convertible notes
Underlying stock:	Oracle Corp.
Amount:	$1.5 million
Maturity:	March 7, 2007
Coupon:	6%, payable at maturity
Price:	Par
Payout at maturity:	Par unless Oracle stock finishes below the initial price of $12.90 and falls below the protection price of $10.32 between March 2, 2006, and March 2, 2007, in which case $1,000/$12.90 shares per $1,000 principal amount
Protection price:	$10.32, 80% of initial price
Initial share price:	$12.90
Pricing date:	March 2
Settlement date:	March 7
Underwriter:	Barclays Capital

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