New Issue: Barclays prices $1.74 million knock-out buffered notes tied to S&P 500

By Jennifer Chiou

New York, Sept. 27 - Barclays Bank plc priced $1.74 million of 0% knock-out buffered notes due April 2, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-out event occurs if the final index level closes below the initial level by more than 21%.

If a knock-out event has occurred, the payout will be par plus the index return with exposure to losses.

If a knock-out event has not occurred, the payout will be the greater of the index return and par.

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

Issuer:	Barclays Bank plc
Issue:	Knock-out buffered notes
Underlying index:	S&P 500
Amount:	$1,737,000
Maturity:	April 2, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any increase in the index, with floor of par, if final index level does not close below initial level by more than 21%; par plus index return if knock-out event has occurred, with full exposure to the index's decline
Initial index level:	1,136.43
Pricing date:	Sept. 23
Settlement date:	Sept. 28
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1.25%
Cusip:	06738KVQ1

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