New Issue: Barclays prices $500,000 principal-protected notes tied to S&P 500 index

By Jennifer Chiou

New York, April 29 - Barclays Bank plc priced $500,000 of zero-coupon 100% principal-protected notes due April 30, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index remains with the range of 76% to 124% of the initial level, the payout at maturity will be par plus the absolute value of the return.

If the index falls to or below the lower barrier or rises to or above the upper barrier, the payout at maturity will be par.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	100% principal-protected notes
Underlying index:	S&P 500
Amount:	$500,000
Maturity:	April 30, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus absolute value of any index gain if index remains within range of 24% above and below the initial level; otherwise, par
Initial index level:	1,183.71
Lower barrier:	899.62, 76% of initial level
Upper barrier:	1,467.8, 124% of initial level
Pricing date:	April 27
Settlement date:	April 30
Agent:	Barclays Capital Inc.
Fees:	2.55%
Cusip:	06740LBS3

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