New Issue: Barclays upsizes callable range accrual notes tied to six-month Libor, S&P 500 to $1.58 million

By Angela McDaniels

Tacoma, Wash., Oct. 26 - Barclays Bank plc priced an additional $1.33 million of fixed-rate callable range accrual notes due Oct. 28, 2025 linked to six-month Libor and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The additional notes bring the total issue size to $1.58 million. The original $250,000 of notes priced Oct. 1.

Interest will accrue at a per-year rate on each day that six-month Libor is at or below 6.5% and the S&P 500 closes at or above 790. The rate is 6.25% for the first five years, 7% for years six through 10, 8% for years 11 through 13 and 10% for years 14 and 15. Interest is payable quarterly.

The payout at maturity will be par.

Beginning Oct. 28, 2011, the notes are callable at par on any interest payment date.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Fixed-rate callable range accrual notes
Amount:	$1,576,000, upsized from $250,000
Maturity:	Oct. 28, 2025
Coupon:	Accrues at specified per-year rate on each day that six-month Libor is at or below 6.5% and S&P 500 closes at or above 790; rate is 6.25% for years one through five, 7% for years six through 10%, 8% for years 11 through 13 and 10% for years 14 and 15; payable quarterly
Price:	Variable
Payout at maturity:	Par
Call option:	At par on any interest payment date from Oct. 28, 2011 onward
Pricing dates:	Oct. 1 for $250,000; Oct. 25 for $1,326,000
Settlement date:	Oct. 28
Agent:	Barclays Capital Inc.
Fees:	3%
Cusip:	06740PUQ7

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