New Issue: Barclays prices $10.79 million market plus notes linked to commodities

By Susanna Moon

Chicago, Aug. 4 - Barclays Bank plc priced $10.79 million of 0% capped market plus notes due Aug. 9, 2012 linked to a basket of four equally weighted commodities, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying commodities are Brent crude, corn, copper and palladium.

If the final basket level is more than 90% of the initial level, the payout at maturity will be par plus the basket return, subject to a minimum return of 9% and a maximum return of 20%.

If the basket falls by more than 10%, the payout at maturity will be par plus the return with exposure to the decline.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.

Issuer:	Barclays Bank plc
Issue:	Capped market plus notes
Underlying commodities:	Brent crude, corn, copper and palladium, equally weighted
Amount:	$10,785,000
Maturity:	Aug. 9, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	If basket finishes above trigger, par plus basket return, capped at 12% and floor of 9%; otherwise , exposure to losses
Initial prices:	$116.46 for Brent crude, 711.25 cents for corn, $9,827.00 for copper and $824 for palladium
Trigger level:	90% of initial basket level
Pricing date:	Aug. 2
Settlement date:	Aug. 5
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	None
Cusip:	06738KRH6

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