New Issue: Barclays prices $1.01 million capped barrier notes linked to gold

By Marisa Wong

Madison, Wis., March 13 - Barclays Bank plc priced $1.01 million of 0% capped barrier notes due March 20, 2013 linked to gold, according a 424B2 filing with the Securities and Exchange Commission.

If the final price is at or above the barrier - 85% of the initial price - the payout at maturity will equal par plus the absolute value of the gold return. Otherwise, investors will be exposed to losses.

If the final price of gold is greater than the initial price, the return will be capped at 9.5%. If the final price is less than the initial price, the cap will be 15%.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Capped barrier notes
Underlying asset:	Gold
Amount:	$1.01 million
Maturity:	March 20, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	If final price is at or above barrier, par plus absolute value of gold return; otherwise, full exposure to losses; if final price is greater than initial price, cap is 9.5%; if final price is less than initial price, cap is 15%
Initial price:	$1,687.50
Barrier price:	$1,434.38, 85% of initial price
Pricing date:	March 9
Settlement date:	March 14
Agent:	Barclays Capital Inc. with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents
Fees:	1%
Cusip:	06738KW49

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