Barclays plans issue of 8% exchangeables linked to Paccar

By Angela McDaniels

Seattle, April 6 - Barclays Bank plc plans to price an issue of 8% exchangeable notes due April 18, 2007 linked to Paccar Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

At maturity, investors will receive par unless Paccar stock finishes below the initial price and falls below the protection price, 80% of the initial share price, between April 13, 2006 and April 13, 2007, in which case the payout will be $1,000 divided by the initial share price.

Barclays Capital will be agent for the offering.

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