New Issue: Barclays sells $2 million 8% exchangeables linked to Paccar

By Jennifer Chiou

New York, April 17 - Barclays Bank plc priced $2 million of one-year 8% exchangeable notes linked to Paccar Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Issuer:	Barclays Bank plc
Issue:	Exchangeable medium-term series A notes
Underlying stock:	Paccar Inc.
Amount:	$2 million
Maturity:	April 18, 2007
Coupon:	8%, payable monthly
Price:	Par
Payout at maturity:	Par unless Paccar stock finishes below the initial price of $70.83 and falls below the protection price of $56.66 between April 13, 2006 and April 13, 2007, in which case $1,000/$70.83 shares per $1,000 principal amount
Protection price:	$56.66, 80% of initial price
Initial share price:	$70.83
Pricing date:	April 13
Settlement date:	April 19
Underwriter:	Barclays Capital

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