New Issue: Barclays prices $2.71 million Stars linked to GE via Bank of America

By Susanna Moon

Chicago, June 18 - Barclays Bank plc priced $2.71 million of 0% Strategic Accelerated Redemption Securities due July 2, 2013 linked to General Electric Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Bank of America Merrill Lynch is the agent.

The notes will be called at par of $10 plus an annualized call premium of 17.76% if General Electric stock closes at or above the initial share price on Dec. 18, 2012, March 12, 2013 or June 25, 2013.

If the notes are not called and GE shares finish at or above 95% of the initial price, the payout at maturity will be par.

Otherwise, investors will lose 1% for every 1% decline beyond 5%.

Issuer:	Barclays Bank plc
Issue:	Strategic Accelerated Redemption Securities
Underlying stock:	General Electric Co. (NYSE: GE)
Amount:	$2,706,900
Maturity:	July 2, 2013
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par if stock falls by up to 5%; 1% loss for every 1% decline beyond 5%
Call:	At par plus 17.76% annualized if stock closes at or above initial price on Dec. 18, 2012, March 12, 2013 or June 25, 2013
Initial share price:	$19.60
Threshold value:	$18.62, 95% of initial level
Pricing date:	June 14
Settlement date:	June 21
Underwriter:	Bank of America Merrill Lynch
Fees:	1.25%
Cusip:	06742A206

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