New Issue: Barclays prices $8.11 million notes on gold with 25.1% cap, 85% barrier

By Marisa Wong

Madison, Wis., March 6 - Barclays Bank plc priced $8.11 million of 0% notes due March 14, 2013 linked to the performance of gold, according to a 424B2 filing with the Securities and Exchange Commission.

If the final price of gold is greater than the initial price of gold, the payout at maturity will be par plus the gold return, subject to a maximum return of 25.1%. Investors will receive par if the price of gold declines by 15% or less and will be fully exposed to the decline if it falls by more than 15%.

Barclays Capital Inc. is the agent with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents.

Issuer:	Barclays Bank plc
Issue:	Notes
Underlying asset:	Gold
Amount:	$8.11 million
Maturity:	March 14, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	If final price is greater than initial price, par plus gold return, capped at 25.1%; par if price declines by 15% or less and full exposure to decline if it falls by more than 15%
Initial price:	$1,707.00
Pricing date:	March 2
Settlement date:	March 7
Agent:	Barclays Capital Inc. with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents
Fees:	1%
Cusip:	06738KS69

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