New Issue: Barclays prices $1 million 9.5% reverse convertibles linked to Vera Bradley

New York, March 12 - Barclays Bank plc priced $1 million of 9.5% reverse convertible notes due June 14, 2013 linked to Vera Bradley, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Vera Bradley shares fall below the protection price of $17.81, 72.49% of the initial price of $24.57, during the life of the notes and finish below the initial price in which case the payout will be 40.70004 shares of Vera Bradley stock.

Barclays Capital is the agent.

Issuer:	Barclays Bank plc
Issue:	Reverse convertible notes
Underlying stock:	Vera Bradley, Inc. (Symbol: VRA)
Amount:	$1 million
Maturity:	June 14, 2013
Coupon:	9.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Vera Bradley shares fall below the protection price of $17.81, 72.49% of the initial price, and finish below the initial price, in which case 40.70004 shares of Vera Bradley stock
Initial price:	$24.57
Protection price:	$17.81, 72.49% of $24.57
Exchange ratio:	40.70004
Pricing date:	March 11
Settlement date:	March 14
Agent:	Barclays Capital
Cusip:	06741JYC7

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