New Issue: Barclays prices $20.43 million return enhanced notes linked to S&P 500 via JPMorgan

By Angela McDaniels

Tacoma, Wash., March 10 - Barclays Bank plc priced $20.43 million of 0% return enhanced notes due March 20, 2009 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any index gain, subject to a maximum return of 21.15%. Investors will be fully exposed to any index decline.

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

Issuer:	Barclays Bank plc
Issue:	Return enhanced notes
Underlying index:	S&P 500
Amount:	$20.43 million
Maturity:	March 20, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus triple any index gain, capped at maximum return of 21.15%; full exposure to any index decline
Initial index level:	1,293.37
Final index level:	Average of index's closing levels on the five trading days ending March 17, 2009
Pricing date:	March 7
Settlement date:	March 12
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc.
Fees:	1%

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