Barclays PLC — Capital/Financing Update 2010

Oct 4, 2010

Final Terms

BARCLAYS BANK PLC

(Incorporated with limited liability in England and Wales)

BARCLAYS CAPITAL (CAYMAN) LIMITED

(Incorporated with limited liability in the Cayman Islands)

GLOBAL STRUCTURED SECURITIES PROGRAMME

for the issue of Securities

BARCLAYS BANK PLC

EUR 1,600,000 Index Linked Notes due 30 September 2015 ("Notes")

Series GSN27899

under the Global Structured Securities Programme

Issue Price: 100% of par

This document constitutes the final terms of the Securities (the "Final Terms") described herein for the purposes of Article 5.4 of the Directive 2003/71/EC and is prepared in connection with the Global Structured Securities Programme established by Barclays Bank PLC (the "Bank") and Barclays Capital (Cayman) Limited and is supplemental to and should be read in conjunction with the Base Prospectus dated 6 August 2010, as supplemented and amended from time to time, which constitutes a base prospectus (the "Base Prospectus") for the purpose of the Directive 2003/71/EC, save in respect of the Conditions which are extracted from the Base Prospectus dated 5 August 2009 (the "Original Offering Document"), as incorporated by reference in the Base Prospectus. Full information on the Issuer and the offer of the Securities is only available on the basis of the combination of these Final Terms, the Base Prospectus and the Original Offering Document. The Base Prospectus and the Original Offering Document are available for viewing during normal business hours at the registered office of the Issuer and the specified office of the Issue and Paying Agent for the time being in Paris and copies may be obtained from such office. Words and expressions defined in the Base Prospectus and not defined in this document shall bear the same meanings when used herein.

The Issuer accepts responsibility for the information contained in these Final Terms. To the best of its knowledge and belief (having taken all reasonable care to ensure that such is the case) the information contained in these Final Terms is in accordance with the facts and does not contain anything likely to affect the import of such information.

Investors should refer to the sections headed "Risk Factors" in the Base Prospectus for a discussion of certain matters that should be considered when making a decision to invest in the Securities.

Barclays Capital

Final Terms dated 30 September 2010

The distribution of this document and the offer of the Securities in certain jurisdictions may be restricted by law. Persons into whose possession these Final Terms come are required by the Bank to inform themselves about and to observe any such restrictions. Details of selling restrictions for various jurisdictions are set out in "Purchase and Sale" in the Base Prospectus. In particular, the Securities have not been, and will not be, registered under the US Securities Act of 1933, as amended, and are subject to US tax law requirements. Trading in the Securities has not been approved by the US Commodity Futures Trading Commission under the US Commodity Exchange Act of 1936, as amended. Subject to certain exceptions, the Securities may not at any time be offered, sold or delivered in the United States or to US persons, nor may any US persons at any time trade or maintain a position in such Securities.

Index disclaimers:

STOXX disclaimer:

STOXX and its licensors (the "Licensors") have no relationship to Barclays Bank PLC ("Barclays"), other than the licensing of the Euro Stoxx 50 Index® and the related trademarks for use in connection with theNotes.

STOXX and its Licensors do not:

• Sponsor, endorse, sell or promote the Notes.
• Recommend that any person invest in the Notes or any other securities.
• Have any responsibility or liability for or make any decisions about the timing, amount or pricing of Notes.
• Have any responsibility or liability for the administration, management or marketing of the Notes.
• Consider the needs of the Notes or the owners of the Notes in determining, composing or calculating the Euro Stoxx 50 Index ®or have any obligation to do so.

STOXX and its Licensors will not have any liability in connection with the Notes. Specifically:

• STOXX and its Licensors do not make any warranty, express or implied and disclaim any and all warranty about:
• The results to be obtained by the Notes, the owner of the Notes or any other person in connection with the use of the Euro Stoxx 50 Index® and the data included in the Euro Stoxx 50 Index® including symbol ®;
• The accuracy or completeness of the Euro Stoxx 50 Index® and its data;
• The merchantability and the fitness for a particular purpose or use of the Euro Stoxx 50 Index® including symbol ® and its data;
• STOXX and its Licensors will have no liability for any errors, omissions or interruptions in the Euro Stoxx 50 Index® including symbol ® or its data;
• Under no circumstances will STOXX or its Licensors be liable for any lost profits or indirect, punitive, special or consequential damages or losses, even if STOXX or its Licensors knows that they might occur.

The licensing agreement between Barclays and STOXX is solely for their benefit and not for the benefit of the owners of the Notes or any other third parties.

S&P 500 disclaimer:

The Notes are not sponsored, endorsed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in the Notes.

The Product(s) is not sponsored, endorsed, sold or promoted by Standard & Poor's, a division of McGraw-Hill, Inc. ("S&P"). S&P makes no representation or warranty, express or implied, to the owners of the Product(s) or any member of the public regarding the advisability of investing in securities generally or in the Product(s) particularly or the ability of the S&P Indices to track general stock market performance. S&P's only relationship to the Licensee is the licensing of certain trademarks and trade names of S&P and of the S&P Indices which is determined, composed and calculated by S&P without regard to the Licensee or the Product(s). S&P has no obligation to take the needs of the Licensee or the owners of the Product(s) into consideration in determining, composing or calculating the S&P Indices. S&P is not responsible for and has not participated in the determination of the timing of, prices at, or quantities of the Product(s) to be issued or in the determination or calculation of the equation by which the Product(s) is to be converted into cash. S&P has no obligation or liability in connection with the administration, marketing or trading of the Product(s).

S&P DOES NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF THE S&P INDICES OR ANY DATA INCLUDED THEREIN AND S&P SHALL HAVE NO LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN. S&P MAKES NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY LICENSEE, OWNERS OF THE PRODUCT(S), OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE S&P INDICES OR ANY DATA INCLUDED THEREIN. S&P MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANT- ABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE S&P INDICES OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL S&P HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.

DAX Disclaimer

This financial instrument is neither sponsored nor promoted, distributed or in any other manner supported by Deutsche Börse AG (the "DBAG"). DBAG does not give any explicit or implicit warranty or representation, neither regarding the results deriving from the use of the Index, its underlying Index Data and/or the Index Trademark nor regarding the Index value at a certain point in time or on a certain date nor in any other respect. The Index and its underlying Index Data are calculated and published by DBAG. Nevertheless, as far as admissible under statutory law DBAG will not be liable vis-à-vis third parties for potential errors in the Index or its underlying Index Data. Moreover, there is no obligation for DBAG vis-àvis third parties, including investors, to point out potential errors in the Index.

Neither the publication of the Index by DBAG nor the granting of any right to use the Index, its underlying Index Data as well as the Index Trademark for the utilization in connection with the financial instrument or other securities or financial products, which derived from the Index, represents a recommendation by DBAG for a capital investment or contains in any manner a warranty or opinion by DBAG with respect to the attractiveness on an investment in this product.

In its capacity as sole owner of all rights to the Index, its underlying Index Data, and the Index Trademark DBAG has solely granted to the issuer of the financial instrument the utilization of the Index Data and the Index Trademark as well as any reference to the Index Data and the Index Trademark in connection with the financial instrument.

Part A

Terms and Conditions of the Securities

The Securities shall have the following terms and conditions, which shall complete, modify and/or amend the Base Conditions and/or any applicable Relevant Annex(es) set out in the Base Prospectus dated 6 August 2010.

Parties
Issuer:	Barclays Bank PLC
Guarantor:	N/A
Manager[s]:	Barclays Bank PLC
Determination Agent:	Barclays Bank PLC
Issue and Paying Agent:	The Bank of New York Mellon
Stabilising Manager:	N/A
Registrar:	N/A
CREST Agent:	N/A
Paying Agents:	N/A
Transfer Agent:	N/A
Exchange Agent:	N/A
Additional Agents:	N/A

THE SECURITIES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE US SECURITIES ACT OF 1933, AS AMENDED (THE SECURITIES ACT) AND THE SECURITIES COMPRISE BEARER SECURITIES THAT ARE SUBJECT TO US TAX LAW REQUIREMENTS. SUBJECT TO CERTAIN EXCEPTIONS, THE SECURITIES MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, US PERSONS (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT ("REGULATION S")). THESE FINAL TERMS HAVE BEEN PREPARED BY THE ISSUER FOR USE IN CONNECTION WITH THE OFFER AND SALE OF THE SECURITIES OUTSIDE THE UNITED STATES TO NON-US PERSONS IN RELIANCE ON REGULATION S AND FOR LISTING OF THE SECURITIES ON THE RELEVANT STOCK EXCHANGE, IF ANY, AS STATED HEREIN. FOR A DESCRIPTION OF THESE AND CERTAIN FURTHER RESTRICTIONS ON OFFERS AND SALES OF THE SECURITIES AND DISTRIBUTION OF THESE FINAL TERMS AND THE BASE PROSPECTUS SEE "PURCHASE AND SALE" IN THE BASE PROSPECTUS.

ANY UNITED STATES PERSON WHO HOLDS THIS OBLIGATION WILL BE SUBJECT TO LIMITATIONS UNDER THE UNITED STATES INCOME TAX LAWS, INCLUDING THE LIMITATIONS PROVIDED IN SECTIONS 165(j) AND 1287(a) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.

Provisions relating to the Securities

1	(i)	Series:	GSN27899
	(ii)	Tranche:	1
2	Currency:		Euro ("EUR")
3	Notes:		Applicable
	(i)	Aggregate Nominal Amount as at the Issue Date:	EUR 1,600,000
	(ii)	Specified Denomination:	EUR 50,000 and integral multiples of EUR1,000 in excess thereof up to and including EUR99,000. Notes will not be issued in definitive form with a Specified Denomination above EUR99,000.
	(iii)	Calculation Amount	Specified Denomination
4	Certificates:		N/A
5	Form:
	(i)	Global/Definitive/Uncertificated and dematerialised:	Global Bearer Securities: Temporary Global Security, exchangeable for a Permanent Global Security
	(ii)	NGN Form:	N/A
	(iii)	Held under the NSS:	N/A
	(iv)	CGN Form:	Applicable
	(v)	CDIs	N/A
6	Trade Date:		15 September 2010
7	Issue Date:		30 September 2010
8	Redemption Date:		30 September 2015
9	Issue Price:		100% of the Aggregate Nominal Amount
10	Relevant Stock Exchange[s]:		London Stock Exchange
11	The following Relevant Annex(es) shall apply to the Securities (specify each applicable Relevant Annex):		Equity Linked Annex
		Provisions relating to interest (if any) payable on the Securities
12	Interest:		Applicable
13		Interest Amount:	Interest Amount shall be determined in accordance with the following formula: Calculation Amount x Variable Rate

14 Interest Rate[s]:

(i) Fixed Rate: N/A
---------------------------

(ii) Floating Rate: N/A

• (iii) Variable Rate: (A) If on any Valuation Date (i) (i from 1 to 10), the Index Level of each Index is greater than or equal to 60 per cent. of its Initial Level, then the Variable Rate shall be 5 per cent.
• (B) Otherwise, if on any Valuation Date i (i from 1 to 10), the Index Level of any Index is less than 60 per cent. of its respective Initial Level, then the Variable Rate will be zero for the corresponding Interest Payment Date(i), and no Interest Amount shall be paid afterwards

Where:

"i" means an integer corresponding to a Valuation Date and an Interest Payment Date, as set out in Schedule 2 attached hereto.

"Initial Level" means, in respect of each Index, the Index Level on the Trade Date as set out in Schedule 1

"Index Level" means the Index Level on each Valuation Date.

	(iv)	Zero Coupon:	N/A
	(v)	Bond Linked Securities – Fixed Coupon	N/A
	(vi)	Bond Linked Securities – Pass Through Interest	N/A
15		Screen Rate Determination:	N/A
16		ISDA Determination:	N/A
17	Margin:		N/A
18	Minimum/Maximum Interest Rate:		N/A
19	Interest Commencement Date:		N/A
20	Interest Determination Date:		N/A
21		Interest Calculation Periods:	N/A
22	Interest Payment Dates:		Each Interest Payment Date as set out in Schedule 2
23		Day Count Fraction:	N/A
24		Fall back provisions, rounding provisions, denominator and any other terms relating to	N/A

the method of calculating interest, if different from those set out in the Base Conditions:

Provisions relating to Redemption

25	Settlement Method:	For the purposes of Conditions 5.1 of the Base Conditions: Cash Settlement
		For the purposes of Conditions 5.5 of the Base Conditions: Cash Settlement
26	Settlement Currency:	EUR
27	Settlement Number:	As defined in Condition 24 of the Base Conditions
28	Terms relating to Cash Settled Securities:
	(i) Final Cash Settlement Amount:	(i) If on the Final Valuation Date, the Final Level of the Worst Performing Index is greater than or equal to 60 per cent. of its Initial Level, an amount calculated as follows:

Calculation Amount x 100%

(ii) Else, if on the Final Valuation Date, the Final Level of the worst Performing Index is less than 60 per cent of its Initial Level, an amount calculated as follows:

Calculation Amount x [100% - (Initial Level of the Worst Performing Index - Final Level of the Worst Performing Index) / Initial Level of the Worst Performing Index]

			"Final Level" means in respect of each Index, the level of the Index at the Valuation Time on the Final Valuation Date
			"Final Valuation Date" means 21 September 2015
			"Worst Performing Index" means the Index with the lowest performance on the Final Valuation Date calculated as follows:
			Final Level/ Initial Level
	(ii)	Early Cash Settlement Amount:	As defined in Condition 24 of the Base Conditions
	(iii)	Early Cash Redemption Date:	As defined in Condition 24 of the Base Conditions
29	Securities:	Terms relating to Physically Delivered	N/A
30	Nominal Call Event:		N/A

31	Call Option:		N/A
32	Put Option:		N/A
33	Specified Early Redemption Event:		Applicable If on any Valuation Date (i) (i from 1 to 10), the Index Level of the Worst Performing Index is greater than or equal to its Initial Level, a Specified Early Redemption Event will be deemed to have occurred on such date
	(i)	Automatic Early Redemption	Applicable
	(ii)	Cash Settled Securities:
	a)	Specified Early Cash Settlement Amount:	Calculation Amount x 100%
	b)	Specified Cash Redemption Date(s):	In respect of each Valuation Date, the immediately following Interest Payment Date
	(iii)	Physically Delivered Securities:	N/A
	a)	Specified Early Physical Redemption Entitlement:	N/A
	b)	Specified Early Physical Redemption Date(s):	N/A
	(iv)	Specified Early Redemption Notice Period:	As per Condition 5.5 of the Base Conditions
34		Maximum and Minimum Redemption Requirements:
	(i)	Daily Maximum Amount:	N/A
	(ii)	Minimum Number/Minimum Nominal Amount:	N/A
	(iii)	Daily Maximum Number/Daily Maximum Amount:	N/A
35	Annex:	Additional Disruption Events in addition to those specified in Condition 24 of the Base Conditions and any applicable Relevant	N/A
36		Share Linked Securities:	N/A
37		Index Linked Securities (Equity indices only):	Applicable
	(i)	Index/Indices (each a "Reference	Each Index as set out in Schedule 1

Asset"):

	(ii)	Future Price Valuation:	N/A
	(iii) Exchange Traded Contract:		N/A
	(iv) Exchange[s]:		As set out in Schedule 1
	(v)	Related Exchange[s]:	As set out in Schedule 1
	(vi)	Exchange Rate:	N/A
	(vii)	Weighting for each Reference Asset comprising the Basket of Reference Assets:	N/A
	(viii) Index Level of each Reference Asset:		In respect of each Index, the level of the Index at Valuation Time on each Scheduled Trading Day
	(ix)	Valuation Date:	Each Valuation Date, as set out in Schedule 2
	(x)	Valuation Time:	As stated in Condition 24 of the Base Conditions
	(xi)	Averaging:	N/A
	(a)	Averaging Dates:	N/A
	(b)	Consequence of an Averaging Date being a Disrupted Day:	N/A
	(xii)	Additional Disruption Event in respect of Index Linked Securities:	N/A
	(xiii)	FX Disruption Event:	N/A
	(a)	Specified Currency:	N/A
	(b)	Specified Jurisdiction:	N/A
	(xiv)	Other adjustments:	N/A
38		Inflation Linked Securities:	N/A
39		FX Linked Securities:	N/A
40		Credit Linked Securities:	N/A
41	Commodity Linked Securities:		N/A
42	Proprietary Index Linked Securities:		N/A
43	Bond Linked Securities:		N/A
44		Mutual Fund Linked Securities:	N/A
		Provisions relating to Settlement
45		Minimum Settlement Amount:	N/A
46		Settlement in respect of APK Registered Securities, Swedish Registered Securities, VPS	N/A

Registered Securities or Spanish Securities:

47 Additional provisions relating to Taxes and Settlement Expenses: N/A

Definitions

48 Business Day: As defined in Condition 24 of the Base Conditions

49 Additional Business Centre(s):

Selling restrictions and provisions relating to certification

50 Non-US Selling Restrictions: Investors are bound by the selling restrictions of the relevant jurisdiction(s) in which the Notes are to be sold as set out in the Base Prospectus.

In addition, no action has been taken or will be taken that would permit a public offering of the Notes or possession or distribution of any offering material in relation to the Notes in any jurisdiction where action for that purpose is required. No offers, sales, re-sales or deliveries of any Notes or distribution of any offering material relating to the Notes, directly or indirectly, may be made in or from any jurisdiction except in circumstances which will result in compliance with any applicable laws and regulations and which will not impose any obligation on the Issuer, the Dealer and the Determination Agent.

SUBJECT TO CERTAIN EXCEPTIONS, AS DETAILED IN "PURCHASE AND SALE" IN THE BASE PROSPECTUS, THE NOTES MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, US PERSONS (AS DEFINED IN REGULATION S UNDER THE US SECURITIES ACT OF 1933).

51 Applicable TEFRA exemption: TEFRA D

General

52 Business Day Convention: Modified Following

53	Relevant Clearing System[s]:	Euroclear / Clearstream
54	If syndicated, names [and addresses] of Managers [and underwriting commitments]:	N/A
55	Details relating to Partly Paid Securities:	N/A
56	Relevant securities codes:	ISIN: XS0543691314
		Common Code: 0543691314
57	Modifications to the Master Subscription Agreement and/or Master Agency Agreement:	N/A
58	Additional Conditions and/or modification to the Conditions of the Securities:	N/A

Part B Other Information

1 LISTING AND ADMISSION TO TRADING

(i)	Listing	London
(ii)	Admission to trading:	Application has been made by the Issuer (or on its behalf) for the Securities to be admitted to trading on the London Stock Exchange's Regulated Market with effect from on or around the Issue Date
(iii)	Estimate of total expenses related to admission to trading:	GBP 300

2 RATINGS

Ratings: The Securities have not been individually rated.

3 NOTIFICATION

N/A

4 INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE

Save as discussed in "Subscription and Sale", so far as the Issuer is aware, no person involved in the offer of the Securities has an interest material to the offer."

5 REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES

• (i) Reasons for the offer: General funding
• (ii) Estimated net proceeds: N/A
• (iii) Estimated total expenses: N/A

6 FIXED RATE SECURITIES ONLY - YIELD

Indication of yield: N/A

7 FLOATING RATE SECURITIES ONLY - HISTORIC INTEREST RATES

N/A

8 PERFORMANCE OF REFERENCE ASSET(S) OR OTHER VARIABLE, EXPLANATION OF EFFECT ON VALUE OF INVESTMENT AND ASSOCIATED RISKS AND OTHER INFORMATION CONCERNING THE REFERENCE ASSET(S) AND/OR OTHER UNDERLYING

N/A

9 PERFORMANCE OF RATE[S] OF EXCHANGE AND EXPLANATION OF EFFECT ON VALUE OF INVESTMENT

N/A

10 OPERATIONAL INFORMATION

Any clearing system(s) other than Euroclear Bank S.A./N.V. and Clearstream Banking Société Anonyme (together with their addresses) and the relevant identification number(s):	N/A
Delivery:	Delivery free of payment
Names and addresses of additional Paying Agents(s) (if any) [and APK Issue and Paying Agent / Swedish Issue and Paying Agent / VPS Issue and Paying Agent / Spanish Securities Issue and Paying Agent]:	N/A
Intended to be held in a manner which would allow Eurosystem eligibility:	No

11 OFFER INFORMATION

The Issue price includes a commission element shared with a third party, which will be not more than 2.5515625% of the Issue price. Further details of the commission element are available upon request.

Schedule 1

Basket of Reference Assets

j	Index ("Indexj")	Exchange	Related Exchange	Bloomberg	Initial Index Level
1	Euro Stoxx 50 Index®	Multi exchange Index	All Exchanges	SX5E Index	2797.36
2	S&P 500®	Multi exchange Index	All Exchanges	SPX Index	1129.70
3	DAX	Xetra	All Exchanges	DAX Index	6261.87

Schedule 2

i	Valuation Date (i)	Interest Payment Date (i)
1	21/03/2011	30/03/2011
2	21/09/2011	30/09/2011
3	21/03/2012	30/03/2012
4	19/09/2012	28/09/2012
5	20/03/2013	28/03/2013
6	19/09/2013	30/09/2013
7	20/03/2014	31/03/2014
8	19/09/2014	30/09/2014
9	19/03/2015	30/03/2015
10	21/09/2015	30/09/2015

Valuation Dates, Interest Payment Dates