New Issue: Barclays prices $2 million of 0% notes due 2013 linked to S&P 500

By Marisa Wong

Madison, Wis., Feb.23 - Barclays Bank plc priced $2 million of 0% notes due Feb. 22, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain, subject to a maximum return of 20%. If the index return is negative but greater than negative 20%, the payout will be par plus the index return. Investors will receive at least 80% of par.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Notes
Underlying index:	S&P 500
Amount:	$2 million
Maturity:	Feb. 22, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at 20%; investors will receive at least 80% of par
Initial index level:	1,343.01
Pricing date:	Feb. 18
Settlement date:	Feb. 24
Agent:	Barclays Capital Inc.
Fees:	1%
Cusip:	06738KCL3

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