New Issue: Barclays sells $540,000 annual reset coupon buffered linked tied to S&P 500

By Susanna Moon

Chicago, Oct. 28 - Barclays Bank plc priced $540,000 of annual reset coupon buffered notes due Oct. 30, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be 7.75% if the index's return for that year is positive or zero. Otherwise, the coupon will be the 2% for that year. Interest is payable annually

The payout at maturity will be par unless the index finishes below 80% of the initial index level, in which case investors will lose 1% for every 1% decline beyond the trigger.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Annual reset coupon buffered notes
Underlying index:	S&P 500
Amount:	$540,000
Maturity:	Oct. 30, 2014
Coupon:	7.75% if year-over-year index return is positive or zero, otherwise 2%; payable annually
Price:	Par
Payout at maturity:	Par if index finishes at or above 80% of initial level; otherwise, 1% loss for every 1% drop beyond 20%
Initial index level:	1,242
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Agent:	Barclays Capital Inc.
Fees:	2.7%
Cusip:	06738KXU0

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