New Issue: Barclays prices $20 million Stars linked to Apple via Bank of America

By Angela McDaniels

Tacoma, Wash., May 29 - Barclays Bank plc priced $20 million of 0% Strategic Accelerated Redemption Securities due June 10, 2013 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Bank of America Merrill Lynch is the agent.

The notes will be called at par of $10 plus an annualized call premium of 23.82% if Apple stock closes at or above the initial share price on Nov. 27, 2012, Feb. 19, 2013 or June 3, 2013.

If the notes are not called and the final share price is at least 95% of the initial share price, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the share price declines beyond 5%.

Issuer:	Barclays Bank plc
Issue:	Strategic Accelerated Redemption Securities
Underlying stock:	Apple Inc. (Nasdaq: AAPL)
Amount:	$19,995,190
Maturity:	June 10, 2013
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par if stock falls by up to 5%; 1% loss for every 1% decline beyond 5%
Call:	Automatically at par plus 23.82% per year if stock closes at or above initial share price on Nov. 27, 2012, Feb. 19, 2013 or June 3, 2013
Initial share price:	$568.36
Threshold value:	$539.94, 95% of initial level
Pricing date:	May 24
Settlement date:	June 1
Underwriter:	Bank of America Merrill Lynch
Fees:	1.25%
Cusip:	06741L112

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