New Issue: Barclays prices $6.79 million Stars due 2012 linked to S&P 500

By Jennifer Chiou

New York, Oct. 17 - Barclays Bank plc priced $6.79 million of 0% Strategic Accelerated Redemption Securities due Oct. 29, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes at or above its initial level on any observation date, the notes will be called at par of $10 plus an annualized call premium of 19.45%.

If the notes are not called, the payout at maturity will be par if the index finishes at or above the initial level. Investors will be fully exposed to losses.

Bank of America Merrill Lynch is the agent.

Issuer:	Barclays Bank plc
Issue:	Strategic Accelerated Redemption Securities
Underlying index:	S&P 500
Amount:	$6,789,100
Maturity:	Oct. 29, 2012
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par if index falls index finishes at or above the initial level; exposure to losses
Call:	At par plus 19.45% per year if index closes at or above its initial level on either of first two observation dates: April 20, 2012 or July 20, 2012
Initial level:	1,203.66
Pricing date:	Oct. 13
Settlement date:	Oct. 20
Underwriter:	Bank of America Merrill Lynch
Fees:	1.25%
Cusip:	06741L716

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