New Issue: Barclays upsizes range accrual notes linked to six-month Libor, S&P 500 to $10.39 million

By Angela McDaniels

Tacoma, Wash., July 26 - Barclays Bank plc upsized its callable range accrual notes due July 28, 2025 linked to six-month Libor and the S&P 500 index to $10.39 million from $1.25 million, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly and equals 8% multiplied by the proportion of days on which six-month Libor is 7% or less and the S&P 500 closes at or above 825.

The payout at maturity will be par.

Beginning July 28, 2011, the notes are callable at par on any interest payment date.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable range accrual notes
Amount:	$10,392,000, upsized from $1.25 million
Maturity:	July 28, 2025
Coupon:	8% multiplied by proportion of days on which six-month Libor is 7% or less and S&P 500 closes at or above 825; payable quarterly
Price:	Variable
Payout at maturity:	Par
Call option:	At par on any interest payment date from July 28, 2011 onward
Pricing dates:	June 30 for $1.25 million; July 23 for $9,142,000
Settlement date:	July 28
Agent:	Barclays Capital Inc.
Fees:	3%
Cusip:	06740PCE4

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