New Issue: JPMorgan prices $12.08 million return enhanced notes linked to Russell 2000 for Barclays

By Angela McDaniels

Seattle, Jan. 23 - Barclays Bank plc priced a $12.08 million issue of 0% return enhanced notes due Jan. 31, 2008 linked to the Russell 2000 index via JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any positive return on the index up to a maximum return of 20.75%. Investors will share in any losses.

The return on the index will be calculated using the average of the index's closing level on Jan. 22, Jan.23, Jan. 24, Jan. 25 and Jan. 28, 2008.

Issuer:	Barclays Bank plc
Issue:	Return enhanced notes
Underlying index:	Russell 2000
Amount:	$12.08 million
Maturity:	Jan. 31, 2008
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus triple any positive index return, capped at 20.75%; full exposure to any index decline
Initial index level:	785.16
Pricing date:	Jan. 19
Settlement date:	Jan. 24
Agent:	JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc.
Agent fees:	1%

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