New Issue: Barclays prices $1 million 15% reverse convertibles linked to Winnebago Industries

New York, April 21 - Barclays Bank plc priced $1 million of 15% reverse convertible notes due April 22, 2009 linked to Winnebago Industries, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Winnebago Industries stock falls below the protection price of $10.32, 65% of the initial price of $15.87, during the life of the notes and finishes below the initial price in which case the payout will be 63.011972 shares of Winnebago Industries stock.

Barclays Capital is the agent.

Issuer:	Barclays Bank plc
Issue:	Reverse convertible notes
Underlying stock:	Winnebago Industries, Inc. (Symbol: WGO)
Amount:	$1 million
Maturity:	April 22, 2009
Coupon:	15%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Winnebago Industries stock falls below the protection price of $10.32, 65% of the initial price, and finishes below the initial price, in which case 63.011972 shares of Winnebago Industries stock
Initial price:	$15.87
Protection price:	$10.32, 65% of $15.87
Exchange ratio:	63.011972
Pricing date:	April 18
Settlement date:	April 23
Agent:	Barclays Capital
Fees:	4%

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