New Issue: Barclays prices $3 million capped market plus notes linked to gold

By Angela McDaniels

Tacoma, Wash., Feb. 9 - Barclays Bank plc priced $3 million of 0% capped market plus notes due Feb. 24, 2012 linked to the price of gold, according to a 424B2 filing with the Securities and Exchange Commission.

If the final price of gold is less than 85% of the initial price, the payout at maturity will be par plus the gold return. Otherwise, the payout will be par plus the gold return, subject to a minimum return of 5% and a maximum return of 10.4%.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.

Issuer:	Barclays Bank plc
Issue:	Capped market plus notes
Underlying commodity:	Gold
Amount:	$3 million
Maturity:	Feb. 24, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	If final price of gold is less than 85% of initial price, par plus gold return; otherwise, par plus gold return, subject to minimum return of 5% and maximum return of 10.4%
Initial gold price:	$1,363.50
Pricing date:	Feb. 8
Settlement date:	Feb. 15
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	None
Cusip:	06738KBX8

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