New Issue: Barclays sells $13.91 million PLUS tied to S&P 500 via Morgan Stanley

By Susanna Moon

Chicago, Oct. 27 - Barclay Bank plc priced $13.91 million of 0% Performance Leveraged Upside Securities due Nov. 28, 2011 based on the performance of the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any gain in the index, up to a maximum return of $14.65 per note.

Investors will be exposed to any decline in the index.

Morgan Stanley Smith Barney LLC and Barclays Capital Inc. are the agents.

Issuer:	Barclays Bank plc
Issue:	Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$13,913,560
Maturity:	Nov. 28, 2011
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any index gain, capped at 14.65%; exposure to losses
Initial index level:	1,185.62
Pricing date:	Oct. 25
Settlement date:	Oct. 28
Agents:	Morgan Stanley Smith Barney LLC and Barclays Capital Inc.
Fees:	2%
Cusip:	06740L154

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