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Published on 2/25/2011 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $1.36 million capped market plus notes linked to S&P 500

By E. Janene Geiss

Philadelphia, Feb. 25 - Barclays Bank plc priced $1.36 million of 0% capped market plus notes due Feb. 27, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is less than 75% of the initial price, the payout at maturity will be par plus the index return. Otherwise, the payout will be par plus the index return, subject to a minimum return of 12.8% and a maximum return of 15%.

Barclays Capital is the agent.

Issuer:Barclays Bank plc
Issue:Capped market plus notes
Underlying index:S&P 500 index
Amount:$1,335,000
Maturity:Feb. 27, 2013
Coupon:0%
Price:Par
Payout at maturity:If final index level is less than 75% of initial price, par plus the index return; otherwise, par plus the index return, subject to minimum return of 12.8% and maximum return of 15%
Initial level:1,307.40
Pricing date:Feb. 23
Settlement date:Feb. 28
Agents:Barclays Capital
Fees:2%
Cusip:06738KCR0

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