New Issue: Barclays prices $3 million 0% buffered return enhanced notes linked to S&P 500

By Toni Weeks

San Diego, Jan. 13 - Barclays Bank plc priced $3 million of 0% buffered return enhanced notes due July 17, 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 plus 1.5 times any gain in the index, subject to a maximum return of 21%.

Investors will receive par if the index declines by up to 15% and will lose 1.1765% for every 1% decline beyond 15%.

Barclays Capital Inc. is the agent, with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as distributors.

Issuer:	Barclays Bank plc
Issue:	Buffered return enhanced notes
Underlying index:	S&P 500
Amount:	$3 million
Maturity:	July 17, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any gain in the index, subject to maximum return of 21%; par if index declines by up to 15%; 1.1765% loss for every 1% decline beyond 15%
Initial level:	1,295.5
Pricing date:	Jan. 12
Settlement date:	Jan. 18
Agent:	Barclays Capital Inc., with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as distributors
Fees:	1.25%
Cusip:	06738KJ36

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