Barclays PLC — Capital/Financing Update 2010

Dec 14, 2010

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

GBP 8,000,000 Index Linked Notes due December 2012 (the "Notes")

Series G2010CYGM121

under the Global Structured Securities Programme

Issue Price: 100% of par

This document constitutes the final terms of the Notes (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 ("BCCL") 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. Full information on the Issuer and the offer of the Securities is only available on the basis of the combination of these Final Terms and the Base Prospectus. The Base Prospectus is 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 London 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.

Subject as provided below, 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 14 December 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 Disclaimer:

The Securities are not in any way sponsored, endorsed, sold or promoted by FTSE International Limited ("FTSE") or by the London Stock Exchange Plc (the "Exchange") or by The Financial Times Limited ("FT") and neither FTSE nor Exchange nor FT makes any warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the FTSE 100 ("the Index") and/or the figure at which the said the Index stands at any particular time on any particular day or otherwise. The Index is compiled and calculated by FTSE. However, neither FTSE nor Exchange nor FT shall be liable (whether in negligence or otherwise) to any person for any error in the Index and neither FTSE or Exchange or FT shall be under any obligation to advise any person of any error therein.

"FTSE®", "FT-SE®" and "Footsie®" are trade marks of the London Stock Exchange Plc and The Financial Times Limited and are used by FTSE International Limited under licence. "All-World", "All-Share" and "All-Small" are trade marks of FTSE International Limited.

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 Capital Securities Limited
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, THE BASE PROSPECTUS AND THE SUPPLEMENTAL PROSPECTUS SEE "PURCHASE AND SALE" IN THE BASE PROSPECTUS.

ANY UNITED STATES PERSON WHO HOLDS THIS OBLIGATION WILL BE SUBIECT 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

$\mathbf{1}$	Series:		G2010CYGM121
2	Currency:		Pounds Sterling ("GBP")
Notes: 3			Applicable
	(i)	Aggregate Nominal Amount as at the Issue Date:	GBP 8,000,000
	(ii)	Specified Denomination:	GBP 1,000
	(iii)	Calculation Amount per Security as at the Issue Date:	GBP 1,000
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)	CDI s :	N/A
6	Trade Date:		30 November 2010
7	Issue Date:		14 December 2010
8	Redemption Date:		10 Business Days after the Final Valuation Date, scheduled to be 14 December 2012
			Where: "Final Valuation Date" means 30 November 2012.
9	Issue Price:		100 per cent. 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:	3.4 per cent per Calculation Amount payable on each Interest Payment Date

Interest Rate[s]: $14$ $N/A$ 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:	14 June 2011, 14 December 2011, 14 June 2012 and the Redemption Date
23		Day Count Fraction:	N/A
24	Conditions:	Fall back provisions, rounding provisions, denominator and any other terms relating to the method of calculating interest, if different from those set out in the Base	N/A
		Provisions relating to Redemption
25		Settlement Method:	For the purposes of Condition 5.1 of the Base Conditions: Cash Settlement
26		Settlement Currency:	GBP
27		Settlement Number:	in Condition 24 of the As defined Base Conditions
28		Terms relating to Cash Settled Securities:	Applicable
	(i)	Final Cash Settlement Amount:	(A) If a Trigger Event has not been deemed to have occurred then, the Final Cash Settlement Amount shall be calculated in respect of each Security as follows:

Calculation Amount x 100%

(B) If a Trigger Event has been deemed to have occurred then, the Final Cash Settlement Amount shall be calculated in respect of each Security as follows:

Calculation Amount x
$$
Min\left(\frac{Final Level}{Initial Level}; 100\%
$$
\right)

Where:

"Final Level" means the Index Level (as described under paragraph 37 (viii) below) on the Final Valuation Date.

"Initial Level" means the Index Level on the Strike Date.

"Index Performance" means the performance of the Index calculated as follows:

$$
\frac{IndexLevel}{Initial Level}
$$

"Principal Barrier" means 60 per cent of the Initial Level.

"Strike Date" means 30 November 2010.

"Trigger Event" means if the Index Performance on any Scheduled Trading Day, from the Strike Date to, and including, the Final Valuation Date is less than the Principal Barrier.

As defined in Condition 24 of the Base Conditions.

As defined in Condition 24 of the Base Conditions.

Terms relating to Physically Delivered 29 Securities:

Early Cash Settlement Amount:

Early Cash Redemption Date:

$(ii)$

$(iii)$

36

$(ii)$

• 30 Nominal Call Event:
• Call Option: 31
• 32 Put Option:
• 33 Specified Early Redemption Event:
• 34 Maximum and Minimum Redemption $N/A$ Requirements:
• 35 Additional Disruption Events in addition to $N/A$ those specified in Condition 24 of the Base Conditions and any applicable Relevant Annex:

Share Linked Securities:

37 Index Linked Securities (Equity indices Applicable $only):$

$(i)$ Index/Indices (each a "Reference Asset"):

Future Price Valuation:

FTSE 100 Index (the "Index"), as calculated and sponsored by FTSE International Limited (the "Index Sponsor") (Bloomberg code: UKX $\langle$ Index $\rangle$

$N/A$

$N/A$

$N/A$

$N/A$

$N/A$

$N/A$

$N/A$

$(iii)$ Exchange-traded Contract: $N/A$

	(iv)	Exchange[s]:	Multi Exchange
	(v)	Related Exchange[s]:	All Exchanges
	(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:	The level of the Index at the Valuation Time on a Scheduled Trading Day (the "Index Level")
	(ix)	Valuation Date:	The Strike Date and the Final Valuation Date
	(x)	Valuation Time:	As defined in the Equity Linked Annex
	(xi)	Averaging:	N/A
	(xii)	Additional Disruption Event in respect of Index Linked Securities:	N/A
	(xiv)	FX Disruption Event:	N/A
	(xv)	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 VP Notes, APK Registered Securities, Dutch Securities, Italian Securities, Swedish Registered Securities, VPS Registered Securities or Spanish Securities:		N/A
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):	N/A

Solling restrictions and provisions relating to certification

	Sening 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 Securities are to be sold as set out in the Base Prospectus. In addition to those described in the Base Prospectus, no action has been made or will be taken by the Issuer that would permit a public offering of the Securities or possession or distribution of any offering material in relation to the Securities in any jurisdiction where action for that purpose is required. Each purchaser or distributor of the Securities represents and agrees that it will not purchase, offer, sell, re-sell or deliver the Securities or, have in its possession or distribute, the Base Prospectus, any other offering material or any Final Terms, in any jurisdiction except in compliance with the laws and regulations of such applicable jurisdiction and in a manner that will not impose any obligation on the Issuer or Manager (as the case may be) and the Determination Agent.
51	Applicable TEFRA exemption:	TEFRA D: D Rules Applicable
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: XS0566640768
		Common Code: 056664076
57	Modifications to the Master Subscription Agreement and/or Agency Agreement:	N/A
58	Additional Conditions and/or modification to the Conditions of the Securities:	N/A

Part B Other Information

LISTING AND ADMISSION TO TRADING $1 \quad$

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

$N/A$

$2^{\circ}$ RATINGS

Ratings:

$3¹$ NOTIFICATION

$N/A$

$\overline{4}$ INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE

Save as discussed in "Purchase 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: $N/A$

FIXED RATE SECURITIES ONLY - YIELD $6\overline{6}$

Indication of vield: $N/A$

FLOATING RATE SECURITIES ONLY - HISTORIC INTEREST RATES $\overline{7}$

$N/A$

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

$N/A$

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

$N/A$

10 OPERATIONAL INFORMATION

Any clearing system(s) other than	N/A
Euroclear Bank S.A./N.V. and Clearstream
Banking Société Anonyme (together with
their addresses) and the relevant
identification number(s):
Delivery:	Delivery free of payment
Names and addresses of additional Paying	N/A
Agents(s) (if any) [and APK Issue and
Paying Agent / VP Issuing Agent/ [ENL
Issuing Agent] / Swedish Issue and Paying
Agent / VPS Issue and Paying Agent /
Spanish Securities Issue and Paying
Agent]:
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 no more than 0.8% of the Issue Price. Further details of the commission element are available upon request.