New Issue: Barclays prices $25.58 million return enhanced notes linked to S&P 500 via JPMorgan

By Angela McDaniels

Tacoma, Wash., Nov. 3 - Barclays Bank plc priced $25.58 million of 0% return enhanced notes due Nov. 17, 2010 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

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

The payout at maturity will be par plus triple any index gain, subject to a maximum return of 20.85%. Investors will be exposed to any index decline.

Issuer:	Barclays Bank plc
Issue:	Return enhanced notes
Underlying index:	S&P 500
Amount:	$25,583,000
Maturity:	Nov. 17, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus triple any index gain, up to maximum return of 20.85%; full exposure to any index decline
Initial index level:	1,036.19
Final index level:	Average of index's closing levels on the five trading days ending Nov. 12, 2010
Pricing date:	Oct. 30
Settlement date:	Nov. 4
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc.
Fees:	1%

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