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Published on 11/12/2009 in the Prospect News Structured Products Daily.

New Issue: Barclays upsizes floaters linked to Consumer Price Index to $18.89 million

By Jennifer Chiou

New York, Nov. 12 - Barclays Bank plc upsized its floating-rate notes due Nov. 24, 2014 linked to changes in the Consumer Price Index to $18.89 million from $11.26 million, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will accrue at 4% for the first year. After that, interest will be 1.5 times the change in the CPI, subject to a cap of 7% and a floor of 0%. Interest is payable monthly.

The payout at maturity will be par.

Barclays Capital Inc. is the agent.

Issuer:Barclays Bank plc
Issue:Floating-rate notes
Underlying index:Consumer Price Index
Amount:$18,886,000 (upsized from $11,255,000)
Maturity:Nov. 24, 2014
Coupon:4% for first year; thereafter, 1.5 times the change in the CPI, subject to a cap of 7% and a floor of 0%; payable monthly
Price:Variable
Payout at maturity:Par
Pricing date:Oct. 29 for original $11,255,000; Nov. 10 for $7,631,000
Settlement date:Nov. 24
Agent:Barclays Capital Inc.
Fees:1.5%

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