New Issue: Barclays prices $3.45 million contingent buffered return enhanced notes linked to gold

By Toni Weeks

San Diego, Sept. 25 - Barclays Bank plc priced $3.45 million of 0% contingent buffered return enhanced notes due Oct. 2, 2013 linked to the performance of gold, according to a 424B2 filing with the Securities and Exchange Commission.

If the final price of gold is at least 85% of the initial price, the payout at maturity will be par plus the greater of 5% and the percentage change in the price of gold, subject to a maximum return of 10.05%.

Otherwise, investors will be fully exposed to the decline of gold from its initial price.

Barclays is the underwriter with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as dealers.

Issuer:	Barclays Bank plc
Issue:	Contingent buffered return enhanced notes
Underlying asset:	Gold
Amount:	$3,452,000
Maturity:	Oct. 2, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	If final price is at least 85% of initial price, par plus greater of 5% and the percentage change in the price of gold, subject to a maximum return of 10.05%; otherwise, full exposure to decline
Initial price:	$1,784.50
Barrier price:	$1,516.83/troy ounce, 85% of initial price
Pricing date:	Sept. 21
Settlement date:	Sept. 26
Underwriter:	Barclays
Dealers:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	06741TGN1

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