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Published on 5/27/2011 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $4.73 million buffered return optimization securities tied to S&P 500

By E. Janene Geiss

Philadelphia, May 27 - Barclays Bank plc priced $4.73 million of 0% buffered return optimization securities due May 31, 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 of $10 plus 1.25 times any increase in the index, subject to a maximum gain of 20.62%. Investors will receive par if the index falls by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

UBS Financial Services Inc. and Barclays Capital Inc. are the underwriters.

Issuer:Barclays Bank plc
Issue:Buffered return optimization securities
Underlying index:S&P 500
Amount:$4,730,850
Maturity:May 31, 2013
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 1.25 times any increase in the index, capped at 20.62%; Par if the index falls by 10% or less; 1% loss for every 1% index decline beyond 10%
Initial index level:1,320.47
Pricing date:May 25
Settlement date:May 31
Underwriters:UBS Financial Services Inc. and Barclays Capital Inc.
Fees:2%
Cusip:06740C196

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