New Issue: Barclays prices $4 million buffered return enhanced notes linked to S&P 500 via JPMorgan

By Angela McDaniels

Tacoma, Wash., June 30 - Barclays Bank plc priced $4 million of 0% buffered return enhanced notes due June 29, 2010 linked to the S&P 500 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 double any gain on the index, subject to a maximum return of 27.24%. Investors will receive par if the index declines by 15% or less and will lose 1.1765% for each 1% decline beyond 15%.

Issuer:	Barclays Bank plc
Issue:	Buffered return enhanced notes
Underlying index:	S&P 500
Amount:	$4 million
Maturity:	June 29, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any index gain, capped at 27.24% maximum return; par if index falls by 15% or less; 1.1765% loss for each 1% decline beyond 15%
Initial index level:	1,283.15
Final index level:	Average of index's closing levels on the five trading days ending June 25, 2010
Pricing date:	June 26
Settlement date:	July 1
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc.
Fees:	1.5%

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