New Issue: Barclays prices $7.97 million buffered return enhanced notes linked to S&P GSCI Agricultural

By Angela McDaniels

Tacoma, Wash., July 14 - Barclays Bank plc priced $7.97 million of 0% buffered return enhanced notes due July 18, 2011 linked to S&P GSCI Agricultural Excess Return 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 1.51 times any index gain, subject to a maximum return of 37.75%. Investors will receive par if the index declines by 20% or less and will lose 1.25% for every 1% that it declines beyond 20%.

Issuer:	Barclays Bank plc
Issue:	Buffered return enhanced notes
Underlying index:	S&P GSCI Agricultural Excess Return index
Amount:	$7,972,000
Maturity:	July 18, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.51 times any index gain, up to maximum return of 37.75%; par if index declines by 20% or less; 1.25% loss for every 1% decline beyond 20%
Initial index level:	52.53502
Final index level:	Average of index's closing levels on the five trading days ending July 11, 2011
Pricing date:	July 10
Settlement date:	July 17
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc.
Fees:	1.5%

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