New Issue: Barclays prices $6 million 20% reverse convertibles linked to Suntech Power

New York, June 27 - Barclays Bank plc priced $6 million of 20% reverse convertible notes due June 29, 2009 linked to Suntech Power Holdings Co., Ltd. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Suntech Power shares fall below the protection price of $26.90, 65% of the initial price of $41.38, during the life of the notes and finishes below the initial price in which case the payout will be 24.166264 shares of Suntech Power stock.

Barclays Capital is the agent.

Issuer:	Barclays Bank plc
Issue:	Reverse convertible notes
Underlying stock:	Suntech Power Holdings Co., Ltd. (Symbol: STP)
Amount:	$6 million
Maturity:	June 29, 2009
Coupon:	20%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Suntech Power stock falls below the protection price of $26.90, 65% of the initial price, and finishes below the initial price, in which case 24.166264 shares of Suntech Power stock
Initial price:	$41.38
Protection price:	$26.90, 65% of $41.38
Exchange ratio:	24.166264
Pricing date:	June 25
Settlement date:	June 30
Agent:	Barclays Capital
Fees:	2.5%

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