New Issue: Barclays prices $6.64 million capped market plus notes on Brent crude

By Toni Weeks

San Diego, June 19 - Barclays Bank plc priced $6.64 million of 0% capped market plus notes due June 26, 2013 linked to Brent crude futures contracts, according to a 424B2 filing with the Securities and Exchange Commission.

If the price of Brent crude is less than the barrier level - 75% of the initial price - on the final valuation date, the payout at maturity will be par plus the Brent crude return, with full exposure to losses.

Otherwise, investors will receive par plus the maximum return of 11.1%.

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

Issuer:	Barclays Bank plc
Issue:	Capped market plus notes
Underlying asset:	Brent crude futures contracts
Amount:	$6,641,000
Maturity:	June 26, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	If final price is greater than or equal to barrier price, par plus 11.1%; otherwise, full exposure to decline from initial level
Initial price:	$97.61/barrel
Barrier price:	$73.21/barrel, 75% of initial price
Pricing date:	June 15
Settlement date:	June 20
Agent:	Barclays Capital Inc. with J.P. Morgan Chase Bank, NA and J.P. Morgan Securities LLC as dealers
Fees:	1%
Cusip:	06741TBF3

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