New Issue: Barclays prices $4.5 million principal-protected notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., June 19 - Barclays Bank plc priced $4.5 million of zero-coupon 100% principal-protected notes due Sept. 23, 2009 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index remains above the lower barrier and below the upper barrier throughout the life of the notes, the payout at maturity will be par plus 16%. Otherwise, the payout will be par.

The lower and upper barriers are 16% below and above the initial index level, respectively.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	100% principal-protected notes
Underlying index:	S&P 500
Amount:	$4.5 million
Maturity:	Sept. 23, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	If the index remains above the lower barrier and below the upper barrier at all times, par plus 16%; otherwise, par
Initial index level:	1,337.81
Lower index level:	1,123.76, 84% of initial level
Upper index level:	1,551.86, 116% of initial level
Pricing date:	June 18
Settlement date:	June 23
Agent:	Barclays Capital Inc.
Fees:	1.5%

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