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Published on 5/31/2011 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $16.71 million capped leveraged return notes linked to Russell 2000

By Susanna Moon

Chicago, May 31 - Barclays Bank plc priced $16.71 million of 0% Capped Leveraged Index Return Notes due May 31, 2013 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any index gain, up to a maximum return of 27.24%. Investors will receive par if the index falls by up to 10% and will be exposed to any decline beyond 10%.

Bank of America Merrill Lynch is the agent.

Issuer:Barclays Bank plc
Issue:Capped Leveraged Index Return Notes
Underlying index:Russell 2000
Amount:$16,714,760
Maturity:May 31, 2013
Coupon:0%
Price:Par
Payout at maturity:Par of $10 plus 200% of any index gain, capped at 27.24%; par if index falls up to 10%; exposure to losses beyond 10%
Initial level:830.87
Pricing date:May 26
Settlement date:June 3
Agents:Bank of America Merrill Lynch
Fees:2%
Cusip:06741K692

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