New Issue: Barclays prices $3 million 10% reverse convertibles linked to Rent-A-Center

New York, June 29 - Barclays Bank plc priced $3 million of 10% reverse convertible notes due June 29, 2010 linked to Rent-A-Center, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Rent-A-Center shares fall below the protection price of $10.70, 60% of the initial price of $17.84, during the life of the notes and finish below the initial price in which case the payout will be 56.053812 shares of Rent-A-Center stock.

Barclays Capital is the agent.

Issuer:	Barclays Bank plc
Issue:	Reverse convertible notes
Underlying stock:	Rent-A-Center, Inc. (Symbol: RCII)
Amount:	$3 million
Maturity:	June 29, 2010
Coupon:	10%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Rent-A-Center shares fall below the protection price of $10.70, 60% of the initial price, and finish below the initial price, in which case 56.053812 shares of Rent-A-Center stock
Initial price:	$17.84
Protection price:	$10.70, 60% of $17.84
Exchange ratio:	56.053812
Pricing date:	June 25
Settlement date:	June 30
Agent:	Barclays Capital
Fees:	3%

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