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Published on 8/3/2011 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $8.8 million digital plus notes linked to S&P 500

By Jennifer Chiou

New York, Aug. 3 - Barclays Bank plc priced $8.8 million of 0% digital plus notes due Feb. 28, 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 greater than or equal to the initial level, the payout at maturity will be par plus the greater of the index return and 15%. Investors will share in any losses.

Barclays Capital Inc. is the agent.

Issuer:Barclays Bank plc
Issue:Digital plus notes
Underlying index:S&P 500
Amount:$8.8 million
Maturity:Feb. 28, 2013
Coupon:0%
Price:Par
Payout at maturity:If final index level is greater than or equal to the initial level, par plus greater of the index return and 15%; investors share in any losses
Initial level:1,286.94
Pricing date:Aug. 1
Settlement date:Aug. 4
Agent:Barclays Capital Inc.
Fees:1.5%
Cusip:06738KRC7

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