New Issue: Barclays prices $2.54 million additional 2.35% Yeelds linked to Lear

By Angela McDaniels

Tacoma, Wash., Feb. 10 - Barclays Bank plc priced an additional $2.54 million principal amount of 2.35% annualized Yield Enhanced Equity Linked Debt Securities due May 5, 2011 linked to the common stock of Lear Corp., according to a 424B3 filing with the Securities and Exchange Commission.

The original $10 million of notes priced Oct. 29. The principal amount of notes priced is now $12.54 million.

Each note has a face value of $88.60, which was the closing price of Lear stock on the pricing date. The additional notes priced at 118.17% of par, or $104.70, for proceeds of $3 million.

Interest is payable monthly.

The payout at maturity will be an amount equal to the closing price of Lear stock on April 29, 2011. The payout will be capped at 125% of par and is payable in cash or Lear stock at the issuer's option.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Yield Enhanced Equity Linked Debt Securities
Underlying stock:	Lear Corp. (NYSE: LEA)
Amount:	$12,538,760.60, increased from $10,000,016.20
Maturity:	May 5, 2011
Coupon:	2.35%, payable monthly
Price:	Par of $88.60 for original issue; 118.17 for add-on
Payout at maturity:	Lesser of the closing price of Lear stock on April 29, 2011 and the equity cap price, payable in cash or stock
Initial share price:	$88.60
Equity cap price:	$110.75, 125% of initial share price
Pricing dates:	Oct. 29 for $10,000,016.20; Feb. 10 for $2,538,774.40
Settlement dates:	Nov. 5 for original issue; Feb. 16 for add-on
Agent:	Barclays Capital Inc.
Fees:	None
Cusip:	06740P825

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