New Issue: Barclays prices $35.54 million bear Accelerated Return Notes on Russell

By Susanna Moon

Chicago, Sept. 10 - Barclays Bank plc priced $35.54 million of 0% Accelerated Return Notes due March 22, 2013 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 3% for every 1% index decline, up to a maximum return of 11.535%.

Investors will lose 1% for every 1% gain in the index.

Bank of America Merrill Lynch is the agent.

Issuer:	Barclays Bank plc
Issue:	Bear Accelerated Return Notes
Underlying index:	Russell 2000
Amount:	$35,542,080
Maturity:	March 22, 2013
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of absolute value of any index loss, gains capped at 11.535%; 1% loss per 1% gain in index
Initial index level:	837.95
Pricing date:	Sept. 6
Settlement date:	Sept. 13
Underwriter:	Bank of America Merrill Lynch
Fees:	1%
Cusip:	06738G191

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