New Issue: Barclays prices $730,000 capped participation notes linked to gold

By Marisa Wong

Madison, Wis., Aug. 7 - Barclays Bank plc priced $730,000 of 0% capped participation notes due Aug. 12, 2013 linked to the spot price of gold, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any percentage increase in the price of gold, subject to a maximum return of 20.5%.

Investors will receive par if the price of gold falls by up to 15% and will be fully exposed to the decline from the initial price if it falls by more than 15%.

Barclays Capital Inc. is the underwriter with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as dealers.

Issuer:	Barclays Bank plc
Issue:	Capped participation notes
Underlying asset:	Gold
Amount:	$730,000
Maturity:	Aug. 12, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any gain in gold price, return capped at 20.5%; par if gold price falls by up to 15% and full exposure to losses if it falls by more than 15%
Initial price:	$1,602
Pricing date:	Aug. 3
Settlement date:	Aug. 8
Underwriter:	Barclays Capital Inc. with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents
Fees:	1%
Cusip:	06741TDU8

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