New Issue: Barclays sells $20.62 million capped leveraged notes on MSCI Taiwan via Merrill

By Susanna Moon

Chicago, Jan. 31 - Barclays Bank plc priced $20.62 million of 0% Capped Leveraged Index Return Notes due Jan. 25, 2013 based on the MSCI Taiwan index, according to a 424B2 filing with the Securities and Exchange Commission.

Merrill Lynch, Pierce, Fenner & Smith Inc. is the underwriter.

The payout at maturity will be par of $10.00 plus double any index gain, up to a cap of $16.74 per note.

Investors will receive par if the index falls by up to 10% and will be exposed to any decline beyond 10%.

Issuer:	Barclays Bank plc
Issue:	Capped Leveraged Index Return Notes
Underlying index:	MSCI Taiwan index
Amount:	$20,616,160
Maturity:	Jan. 25, 2013
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain, capped at 67.4%; exposure to losses beyond 10%
Initial index level:	326.07
Pricing date:	Jan. 27
Settlement date:	Feb. 4
Underwriter:	Merrill Lynch, Pierce, Fenner & Smith Inc.
Fees:	2%
Cusip:	06740P635

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