New Issue: Barclays prices $12 million return enhanced notes linked to S&P 500 via JPMorgan

By Angela McDaniels

Tacoma, Wash., Nov. 25 - Barclays Bank plc priced $12 million of 0% return enhanced notes due Dec. 9, 2009 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc. are the agents.

The payout at maturity will be par plus triple any index gain, subject to a maximum return of 39.9%. Investors will be fully exposed to any index decline.

Issuer:	Barclays Bank plc
Issue:	Return enhanced notes
Underlying index:	S&P 500
Amount:	$12 million
Maturity:	Dec. 9, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus triple any index gain, up to 39.9% maximum return; full exposure to any index decline
Initial index level:	763.3
Final index level:	Average of index's closing levels on five trading days ending Dec. 4, 2009
Pricing date:	Nov. 21
Settlement date:	Nov. 26
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc.
Fees:	1%

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