New Issue: Barclays prices $1.5 million 16.75% reverse convertibles linked to SiRF Technology

New York, Aug. 31 - Barclays Bank plc priced $1.5 million of 16.75% reverse convertible notes due Feb. 29, 2008 linked to SiRF Technology Holdings, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless SiRF Technology stock falls below the protection price of $10.44, 60% of the initial price of $17.40, during the life of the notes and finishes below the initial price in which case the payout will be 57.471264 shares of SiRF Technology stock.

Barclays Capital is the agent.

Issuer:	Barclays Bank plc
Issue:	Reverse convertible notes
Underlying stock:	SiRF Technology Holdings, Inc. (Symbol: SIRF)
Amount:	$1.5 million
Maturity:	Feb. 29, 2008
Coupon:	16.75%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless SiRF Technology stock falls below the protection price of $10.44, 60% of the initial price, and finishes below the initial price, in which case 57.471264 shares of SiRF Technology stock.
Initial price:	$17.40
Protection price:	$10.44, 60% of $17.40
Exchange ratio:	57.471264
Pricing date:	Aug. 28
Settlement date:	Aug. 31
Agent:	Barclays Capital
Agent fee:	1.63%

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