New Issue: Barclays prices $6.05 million bear Accelerated Return Notes linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., Jan. 6 - Barclays Bank plc priced $5.26 million of 0% Accelerated Return Notes due June 29, 2012 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 5% for every 1% that the index declines, subject to a maximum return of 10%. Investors will receive par if the index advances by 5% or less and will lose 1% for every 1% that it advances beyond 5%.

Bank of America Merrill Lynch is the agent.

Issuer:	Barclays Bank plc
Issue:	Bear Accelerated Return Notes
Underlying index:	Russell 2000
Amount:	$6,045,260
Maturity:	June 29, 2012
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 500% of the absolute value of any index gain, up to maximum return of 10%; par if index increases by 5% or less; 1% loss for every 1% that index increases beyond 5%
Initial index level:	747.28
Final index level:	Average of index's closing levels on the five trading days ending June 26, 2012
Pricing date:	Jan. 4
Settlement date:	Jan. 11
Underwriter:	Bank of America Merrill Lynch
Fees:	1%
Cusip:	06741L567

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