New Issue: Barclays prices $16.27 million return enhanced notes linked to S&P 500 index via JPMorgan

By Toni Weeks

San Diego, March 22 - Barclays Bank plc priced $16.27 million of 0% return enhanced notes due April 4, 2012 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 double any index gain, up to a maximum return of 18.84%.

Investors will be fully exposed to any decline in the index.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.

Issuer:	Barclays Bank plc
Issue:	Return enhanced notes
Underlying index:	S&P 500
Amount:	$16,274,000
Maturity:	April 4, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any index gain, capped at 18.84%; exposure to any index decline
Initial index level:	1,279.2
Final index level:	Average of index's closing levels on the five trading days ending March 30, 2012
Pricing date:	March 18
Settlement date:	March 23
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	06738KER8

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