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Published on 9/29/2011 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $1.24 million buffered return optimization securities tied to S&P 500

By Susanna Moon

Chicago, Sept. 29 - Barclays Bank plc priced $1.24 million of 0% buffered return optimization securities due Sept. 30, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any gain in the index, up to a maximum gain of 28.5%.

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

UBS Financial Services Inc. and Barclays Capital Inc. are the underwriters.

Issuer:Barclays Bank plc
Issue:Buffered return optimization securities
Underlying index:S&P 500
Amount:$1,239,820
Maturity:Sept. 30, 2013
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 200% of any index gain, capped at 28.5%; par for losses of 10% or less; exposure to losses beyond 10%
Initial index level:1,175.38
Pricing date:Sept. 27
Settlement date:Sept. 30
Underwriters:UBS Financial Services Inc. and Barclays Capital Inc.
Fees:2%
Cusip:06741L757

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