New Issue: Barclays prices $12.49 million PLUS linked to S&P 500 via Morgan Stanley

By Angela McDaniels

Tacoma, Wash., Sept. 28 - Barclay Bank plc priced $12.49 million of 0% Performance Leveraged Upside Securities due Oct. 27, 2011 linked to 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 increase in the index, subject to a maximum return of 16.8%. 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:	$12,489,990
Maturity:	Oct. 27, 2011
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus triple any index gain, up to maximum return of 16.8%; exposure to any index decline
Initial index level:	1,148.67
Pricing date:	Sept. 24
Settlement date:	Sept. 29
Agents:	Morgan Stanley Smith Barney LLC and Barclays Capital Inc.
Fees:	2%
Cusip:	06740C279

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