New Issue: Barclays prices $35 million return enhanced notes linked to gold

By Angela McDaniels

Tacoma, Wash., Sept. 26 - Barclays Bank plc priced $35 million of 0% return enhanced notes due Oct. 10, 2013 linked to the performance of gold, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 300% of any percentage increase in the price of gold, subject to a maximum return of 22.5%. If the price of gold falls, investors will be fully exposed to the decline.

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

Issuer:	Barclays Bank plc
Issue:	Return enhanced notes
Underlying commodity:	Gold
Amount:	$35 million
Maturity:	Oct. 10, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	If final gold price is greater than initial gold price, par plus triple the gain, subject to maximum return of 22.5%; otherwise, full exposure to decline in gold price
Initial gold price:	$1,762.50 per troy ounce
Pricing date:	Sept. 24
Settlement date:	Sept. 27
Underwriter:	Barclays
Dealers:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	None
Cusip:	06741THC4

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