New Issue: Barclays prices $1.2 million 9% reverse convertibles linked to Weatherford International

New York, April 13 - Barclays Bank plc priced $1.2 million of 9% reverse convertible notes due July 17, 2012 linked to Weatherford International Ltd. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Weatherford International shares fall below the protection price of $8.96, 65% of the initial price of $13.78, during the life of the notes and finish below the initial price in which case the payout will be 72.56894 shares of Weatherford International stock.

Barclays Capital is the agent.

Issuer:	Barclays Bank plc
Issue:	Reverse convertible notes
Underlying stock:	Weatherford International Ltd. (Symbol: WFT)
Amount:	$1.2 million
Maturity:	July 17, 2012
Coupon:	9%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Weatherford International shares fall below the protection price of $8.96, 65% of the initial price, and finish below the initial price, in which case 72.56894 shares of Weatherford International stock
Initial price:	$13.78
Protection price:	$8.96, 65% of $13.78
Exchange ratio:	72.56894
Pricing date:	April 12
Settlement date:	April 17
Agent:	Barclays Capital
Fees:	1%
Cusip:	06741JB99

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