New Issue: Barclays prices $3.23 million capped market plus notes on commodities

By Susanna Moon

Chicago, Jan. 12 - Barclays Bank plc priced $3.23 million of 0% capped market plus notes due July 16, 2013 linked to a basket of three commodities and an index, equally weighted, according to a 424B2 filing with the Securities and Exchange Commission.

The basket contains Brent crude, platinum, copper and the S&P GSCI Grains Index Excess Return.

If the basket finishes above the 80% trigger level, the payout at maturity will be par plus any gain, with a contingent minimum return of 7.3% and up to a maximum return of 20%.

Otherwise, investors will be fully exposed to any losses.

Barclays Capital Inc. is the underwriter, and JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.

Issuer:	Barclays Bank plc
Issue:	Capped market plus notes
Underlying basket:	Brent crude, platinum, copper and the S&P GSCI Grains Index Excess Return, equally weighted
Amount:	$3,225,000
Maturity:	July 16, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	If basket falls by up to 20%, par plus any gain, floor of 7.3% and cap of 20%; otherwise, full exposure to any losses
Initial levels:	$112.24 for Brent crude, $1,489.00 for platinum, $7,689.50 for copper and 41.51676 for S&P GSCI Grains
Pricing date:	Jan. 11
Settlement date:	Jan. 17
Agents:	Barclays Capital Inc. (underwriter), JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1.25%
Cusip:	06738KG96

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