New Issue: Barclays prices $410,000 capped market plus notes linked to krone

By Angela McDaniels

Tacoma, Wash., Aug. 15 - Barclays Bank plc priced $410,000 of 0% capped market plus notes due Feb. 16, 2012 linked to the performance of the Norwegian krone relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

If the krone strengthens relative to the dollar, the payout at maturity will be par plus 8%. The payout will be par if the krone weakens relative to the dollar by 10% or less. Investors will be fully exposed to the decline from the initial exchange rate if the krone weakens by more than 10%.

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

Issuer:	Barclays Bank plc
Issue:	Capped market plus notes
Underlying currency:	Norwegian krone
Amount:	$410,000
Maturity:	Feb. 16, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 8% if krone strengthens relative to dollar; par if krone weakens by 10% or less; full exposure to decline from initial exchange rate if krone weakens by more than 10%
Initial exchange rate:	5.5308 kroner per dollar
Pricing date:	Aug. 12
Settlement date:	Aug. 17
Agent:	Barclays Capital Inc. with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as dealers
Fees:	0.5%
Cusip:	06738KRU7

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