New Issue: Barclays prices $11.08 million return enhanced notes linked to S&P 500 via JPMorgan

By Angela McDaniels

Tacoma, Wash., July 28 - Barclays Bank plc priced $11.08 million of 0% return enhanced notes due Aug. 13, 2009 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 triple any index gain, up to a maximum return of 21.06%. Investors will be fully exposed to any decline in the index.

The final index level will be the average of the index's closing levels on the five trading days ending Aug. 10, 2009.

Issuer:	Barclays Bank plc
Issue:	Return enhanced notes
Underlying index:	S&P 500
Amount:	$11,075,000
Maturity:	Aug. 13, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus triple any index gain, capped at maximum return of 21.06%; full exposure to any index decline
Initial index level:	1,257.76
Final index level:	Average of index's closing levels on the five trading days ending Aug. 10, 2009
Pricing date:	July 25
Settlement date:	July 30
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc.
Fees:	1%

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