New Issue: Barclays prices $17.14 million capped leveraged index return notes on three indexes

By Toni Weeks

San Diego, March 29 - Barclays Bank plc priced $17.14 million of capped leveraged index return notes due April 1, 2013 linked to a basket of three indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket contains the S&P 500 index, with a 45% weight, and the MSCI EAFE and MSCI Emerging Markets indexes, both with weights of 27.5%.

The payout at maturity will be par of $10 plus double any basket gain, subject to a maximum return of $11.85 per note.

Investors will receive par if the basket falls by up to 10% and will be exposed to any decline beyond 10%.

Merrill Lynch, Pierce, Fenner & Smith Inc. is the underwriter.

Issuer:	Barclays Bank plc
Issue:	Capped leveraged index return notes
Underlying indexes:	S&P 500 index (45% weight), MSCI EAFE index (27.5% weight), MSCI Emerging Markets index (27.5% weight)
Amount:	$17,143,390
Maturity:	April 1, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par of $10 plus double any basket gain, capped at 18.5%; par if basket falls up to 10%, with exposure to losses beyond 10%
Pricing date:	March 24
Settlement date:	April 1
Underwriter:	Merrill Lynch, Pierce, Fenner & Smith Inc.
Fees:	2%
Cusip:	06739J848

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