Barclays to price Knock-Out Buffered Super Track Notes linked to JPMorgan

By Jennifer Chiou

New York, March 11 - Barclays Bank plc plans to price 0% Knock-Out Buffered Super Track Notes due April 30, 2010 linked to the performance of JPMorgan Chase & Co., according to an FWP filing with the Securities and Exchange Commission.

If the share price closes above the knock-out barrier - 140% of the initial price - on any day during the life of the notes, then the payout at maturity will be par plus the 11.5% knock-out rebate.

If the share price remains at or below the knock-out barrier, then investors will receive:

• Par plus the gain if the final price is greater than the initial price;

• Par if the share price declines by 40% or less; or

• Par minus 1% for each 1% that the price declines beyond 40%.

The notes will price on March 26 and settle on March 31.

Barclays Capital Inc. is the agent.

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