New Issue: Barclays prices $1.13 million barrier notes due 2013 linked to gold

By Jennifer Chiou

New York, Feb. 22 - Barclays Bank plc priced $1,134,000 of 0% barrier notes due Aug. 22, 2013 linked to gold, according to a 424B2 filing with the Securities and Exchange Commission.

A barrier event will occur if the price of gold ever closes below the barrier - 75% of the initial price - during the life of the notes.

If a barrier event never occurs, the payout at maturity will be par plus the absolute value of the return, subject to a cap of 15%.

Otherwise, investors will be exposed to any losses, and any gains will also be capped at 15%.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Barrier notes
Underlying asset:	Gold
Amount:	$1,134,000
Maturity:	Aug. 22, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus the absolute value of the return if gold does not close below the barrier level during life of notes; otherwise, exposure to any losses; gains capped at 15% in either case
Initial level:	$1,723
Barrier level:	$1,292.25, 75% of initial level
Pricing date:	Feb. 17
Settlement date:	Feb. 23
Agent:	Barclays Capital Inc.
Fees:	1.01%
Cusip:	06738KR37

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