New Issue: Barclays sells $9.91 million knock-out buffered notes tied to S&P 500

By Marisa Wong

Madison, Wis., Dec. 6 - Barclays Bank plc priced $9.91 million 0% knock-out buffered notes due June 12, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-out event occurs if the final index level is less than the initial level by more than 29%.

If a knock-out event occurs, the payout at maturity will be par plus the index return, with full exposure to losses.

Otherwise, the payout will be par plus the greater of the index return and a contingent return of 0%.

Barclays Capital Inc. is the underwriter, and JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.

Issuer:	Barclays Bank plc
Issue:	Knock-out buffered notes
Underlying index:	S&P 500
Amount:	$9,913,000
Maturity:	June 12, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	If final level is less than initial level by more than 29%, par plus index return with full exposure to losses; otherwise, par plus return with floor of par
Initial level:	1,244.28
Pricing date:	Dec. 2
Settlement date:	Dec. 7
Agents:	Barclays Capital Inc. as underwriter, JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents
Fees:	1.25%
Cusip:	06738KA68

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