New Issue: Barclays prices $7.61 million buffered return enhanced notes linked to gold via JPMorgan

By Angela McDaniels

Tacoma, Wash., April 27 - Barclays Bank plc priced $7.61 million of 0% buffered return enhanced notes due April 29, 2010 linked to the performance 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.

The payout at maturity will be par plus 1.5 times any increase in the price of gold, up to a maximum return of 18.075%. Investors will receive par if the price declines by 15% or less and will lose 1.17647% for each 1% that the price declines beyond 15%.

Issuer:	Barclays Bank plc
Issue:	Buffered return enhanced notes
Underlying commodity:	Gold
Amount:	$7,607,000
Maturity:	April 29, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any gain in gold price, up to maximum return of 18.075%; par if price falls by 15% or less; 1.17647% loss for each 1% decline beyond 15%
Initial gold price:	$894.25 per troy ounce
Pricing date:	April 23
Settlement date:	April 28
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc.
Fees:	1%

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