New Issue: Barclays prices $5.05 million callable contingent coupon notes on Freeport-McMoRan

By Susanna Moon

Chicago, June 12 - Barclays Bank plc priced $5.05 million of callable contingent coupon notes due June 11, 2015 linked to Freeport-McMoRan Copper & Gold Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a coupon at an annualized rate of 13% for each quarter that the closing price of Freeport-McMoRan shares is at or above the 65% barrier level on the valuation date for that quarter.

The notes will be callable at par plus the contingent coupon on any interest payment date.

The payout at maturity will be par unless Freeport-McMoRan shares finish below the barrier level, in which case investors will receive par plus the return or, at Barclays' option, a number of Freeport-McMoRan shares equal to $1,000 divided by the initial share price.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable contingent coupon notes
Underlying stock:	Freeport-McMoRan Copper & Gold Inc. (Symbol: FCX)
Amount:	$5,053,000
Maturity:	June 11, 2015
Coupon:	13% per year, payable quarterly, if Freeport-McMoRan Energy shares close at or above barrier price on valuation date for that quarter
Price:	Par
Payout at maturity:	Par unless stock falls, in which case par plus return or, at Barclays' option, 32.34153 Freeport-McMoRan shares
Call option:	At par plus contingent coupon on any interest payment date
Initial share price:	$30.92
Barrier price:	$20.10, 65% of initial share price
Pricing date:	June 7
Settlement date:	June 12
Agent:	Barclays
Fees:	1.5%
Cusip:	06741J2R9

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