New Issue: Barclays upsizes 9.5% reverse convertibles linked to Yahoo to $12 million

By Jennifer Chiou

New York, Oct. 28 - Barclays Bank plc upsized its issue of 9.5% reverse convertible notes due Sept. 29, 2010 linked to Yahoo! Inc. shares to $12 million from $2 million, according to a 424B3 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Yahoo shares fall below the protection price of $12.81, 75% of the initial price of $17.08, during the life of the notes and finish below the initial price in which case the payout will be 58.548009 shares of Yahoo stock.

Barclays Capital is the agent.

Issuer:	Barclays Bank plc
Issue:	Reverse convertible notes
Underlying stock:	Yahoo! Inc. (Symbol: YHOO)
Amount:	$12 million (upsized from $2 million)
Maturity:	Sept. 29, 2010
Coupon:	9.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Yahoo shares fall below the protection price of $12.81, 75% of the initial price, and finish below the initial price, in which case 58.548009 shares of Yahoo stock
Initial price:	$17.08
Protection price:	$12.81, 75% of $17.08
Exchange ratio:	58.548009
Pricing date:	Sept. 25
Settlement date:	Sept. 30 for original $2 million; Oct. 29 for $10 million
Agent:	Barclays Capital
Fees:	2.5%

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