New Issue: Barclays prices $28.55 million Accelerated Return Notes on gold

New York, April 1 - Barclays Bank plc priced $28.55 million of 0% Accelerated Return Notes due April 2, 2015 tied to the spot price of gold, according to a 424B2 filing with the Securities and Exchange Commission.

If the gold spot price return is positive, the payout at maturity will be par plus 300% of the gold spot price return, subject to a maximum payout of par plus 20%. Investors will lose 1% for every 1% decline in the gold spot price.

Merrill Lynch & Co. is the underwriter.

Issuer:	Barclays Bank plc
Issue:	Accelerated Return Notes
Underlying index:	Gold
Amount:	$28,554,400
Maturity:	April 2, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If gold spot price return is positive, par plus 300% of gold spot price return, subject to maximum payout of par plus 20%; 1% loss for every 1% decline
Initial gold price:	$1,598.25
Pricing date:	March 28
Settlement date:	April 5
Underwriters:	Merrill Lynch & Co.
Fees:	2%
Cusip:	06742C814

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