New Issue: Barclays prices $1.72 million capped market plus notes linked to gold

By Angela McDaniels

Tacoma, Wash., Feb. 7 - Barclays Bank plc priced $1.72 million of 0% capped market plus notes due Feb. 14, 2013 linked to the price of gold, according to a 424B2 filing with the Securities and Exchange Commission.

If the final price of gold is greater than or equal to the barrier level, the payout at maturity will be par plus the greater of the gold return and 6.5%, subject to a maximum return of 15%. The barrier level is 85% of the initial price of gold.

If the final price of gold is less than the barrier level, investors will be fully exposed to the decline.

Barclays Capital Inc. is the agent. JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are dealers.

Issuer:	Barclays Bank plc
Issue:	Capped market plus notes
Underlying commodity:	Gold
Amount:	$1,715,000
Maturity:	Feb. 14, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	If final gold price is greater than or equal to barrier level, par plus greater of gold return and 6.5%, subject to maximum return of 15%; otherwise, full exposure to gold decline
Initial price:	$1,734.00
Barrier level:	$1,473.93, 85% of initial price
Pricing date:	Feb. 3
Settlement date:	Feb. 8
Agent:	Barclays Capital Inc.
Dealers:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	06738KM65

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