New Issue: Barclays prices $573,000 performance securities linked to S&P 500

By Jennifer Chiou

New York, Jan. 29 - Barclays Bank plc priced $573,000 of 0% performance securities with contingent protection due Jan. 31, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index return is positive, then the payout at maturity will be par plus 118% of the return.

Investors will receive par for losses up to 25% and will share in losses beyond 25%.

UBS Financial Services Inc. and Barclays Capital Inc. are the underwriters.

Issuer:	Barclays Bank plc
Issue:	Performance securities with contingent protection
Underlying index:	S&P 500
Amount:	$573,000
Maturity:	Jan. 31, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 118% of the index return; investors will receive par for losses up to 25% and will share in losses beyond 25%
Initial index level:	845.71
Trigger level:	634.28, 75% of the initial level
Pricing date:	Jan. 27
Settlement date:	Jan. 30
Underwriters:	UBS Financial Services Inc., Barclays Capital Inc.
Fees:	2.5%

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