New Issue: Barclays prices $22.22 million buffered return enhanced notes tied to S&P 500

By Susanna Moon

Chicago, Feb. 28 - Barclays Bank plc priced $22.22 million of 0% buffered return enhanced notes due March 13, 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 double any gain in the index, up to a maximum return of 12.5%.

Investors will receive par if the index falls by up to 10% and will lose 1.11111% for every 1% decline beyond 10%.

Barclays Capital Inc. is the agent with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as dealers.

Issuer:	Barclays Bank plc
Issue:	Buffered return enhanced notes
Underlying index:	S&P 500
Amount:	$22,216,000
Maturity:	March 13, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, capped at 12.5%; par if index declines by up to 10%; 1.11111% loss per 1% drop beyond 10%
Initial level:	1,365.74
Pricing date:	Feb. 24
Settlement date:	Feb. 29
Agent:	Barclays Capital Inc.
Dealers:	JPMorgan Chase Bank, NA, J.P. Morgan Securities LLC
Fees:	1%
Cusip:	06738KS93

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