New Issue: Barclays prices $980,000 capped market plus notes linked to gold via JPMorgan

By Angela McDaniels

Tacoma, Wash., Oct. 27 - Barclays Bank plc priced $980,000 of 0% capped market plus notes due April 28, 2010 linked to the price of gold, according to a 424B2 filing with the Securities and Exchange Commission.

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

If the price of gold remains at or above the barrier level - 89% of the initial price - throughout the life of the notes, the payout at maturity will be par plus the gold return, subject to a cap of $1,137.50 and a floor of $1,050.00 per note.

Otherwise, the payout will be par plus the gold return, subject to a cap of $1,137.50 per note and no floor.

Issuer:	Barclays Bank plc
Issue:	Capped market plus notes
Underlying commodity:	Gold
Amount:	$980,000
Maturity:	April 28, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	If gold falls below barrier level on any day during life of notes, par plus gold return; otherwise, par plus greater of gold return and 5%; return capped at 13.75% in either case
Initial gold price:	$1,061.75 per troy ounce
Barrier level:	$944.9575, 89% of initial price
Pricing date:	Oct. 23
Settlement date:	Oct. 28
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc.
Fees:	0.5%

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