New Issue: Barclays prices $10.66 million Stars due 2012 linked to Apple shares

By Susanna Moon

Chicago, Nov. 4 - Barclays Bank plc priced $10.66 million of 0% Strategic Accelerated Redemption Securities due Nov. 20, 2012 linked to Apple Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

If Apple stock closes at or above its initial level on any of three observation dates, the notes will be called at par of $10 plus an annualized call premium of 20.02%.

If the notes are not called, the payout at maturity will be par for losses up to 5%.

Investors will be exposed to losses beyond 5%.

Bank of America Merrill Lynch is the agent.

Issuer:	Barclays Bank plc
Issue:	Strategic Accelerated Redemption Securities
Underlying stock:	Apple Inc. (Nasdaq: AAPL)
Amount:	$10,659,580
Maturity:	Nov. 20, 2012
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par if stock falls by up to 5%; exposure to losses beyond 5%
Call:	At par plus 20.02% per year if stock closes at or above its initial level on May 8, 2012, Aug. 14, 2012 and Nov. 13, 2012
Initial price:	$397.35
Trigger price:	$377.48, or 95% of initial level
Pricing date:	Nov. 2
Settlement date:	Nov. 9
Underwriter:	Bank of America Merrill Lynch
Fees:	1.25%
Cusip:	06741L682

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