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Barclays PLC Capital/Financing Update 2011

Jan 3, 2011

5250_rns_2011-01-03_38e67651-79bb-4ea0-bcfe-2f34bd660e06.pdf

Capital/Financing Update

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THESE NOTES DO NOT CONSTITUTE COLLECTIVE INVESTMENT SCHEMES IN THE MEANING OF THE SWISS FEDERAL ACT ON COLLECTIVE INVESTMENT SCHEMES ("CISA"). ACCORDINGLY, HOLDERS OF THE NOTES DO NOT BENEFIT FROM PROTECTION UNDER THE CISA OR SUPERVISION BY THE SWISS FINANCIAL MARKET SUPERVISORY AUTHORITY FINMA.

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 5,000,000 Equity Linked Notes due July 2012 (the "Notes")

under the Global Structured Securities Programme

Series G2010DJHB00M

Issue Price: 100 per cent. 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.

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 3 January 2011

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.

Notice to Swiss Investors:

The Notes may not be publicly distributed in Switzerland. This Final Terms shall not be dispatched, copied to or otherwise made available to, and the Notes may not be offered for sale to any person in Switzerland, except to Qualified Investors as defined in article 10 of the Swiss Act on Collective Investment Schemes, i.e. to a) prudentially regulated financial intermediaries such as banks, securities dealers and fund management companies, b) regulated insurance institutions, c) public entities and retirement benefits institutions with professional treasury department, d) companies with professional treasury department, e) High-Net-Worth Individuals (as defined below) and f) investors who have concluded a written discretionary management agreement with a financial intermediary as defined under lit. a) or with an independent asset manager that complies with the requirements pursuant to Art. 6 para 2 of the Collective Investment Schemes Ordinance ("CISO") High-Net-Worth Individual is a private individual who confirms in writing at the time of the investment to own a minimum of CHF 2 million of financial investments, whether directly or indirectly.

This document is neither a prospectus according to Art 652a or Art 1156 of the Swiss Code of Obligations nor a simplified prospectus according to Art 5 of the Swiss Act on Collective Investment Schemes ("CISA").

The Notes do not constitute an investment in a collective investment scheme and are not subject to the CISA nor to the supervision of the Swiss Financial Market Supervisory Authority FINMA.

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: $N/A$ $N/A$ Paying Agents: $N/A$ Transfer Agent: $N/A$ Exchange Agent: $N/A$ Additional Agents:

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.

Swiss Federal Act: The Securities do not constitute collective investment schemes within the meaning of the Swiss Federal Act on Collective Investment Schemes ("CISA"). Accordingly, holders of the Securities do not benefit from protection under the CISA or supervision by the Swiss Financial Market Supervisory Authority FINMA.

Provisions relating to the Securities

$\mathbf{1}$ (i) Series: G2010DJHB00M
(ii) Tranche: 1
2 Currency: Euro ("EUR")
3 Notes:
(i) Aggregate Nominal Amount as at
the Issue Date:
EUR 5,000,000
(ii) Specified Denomination: EUR 1,000
(iii) Calculation Amount per Security as
at the Issue Date:
EUR 1,000
4 Certificates: N/A
5 Form:
(i) Global/Definitive/Uncertificated and Global Bearer Securities:
dematerialised: 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: 17 December 2010
7 Issue Date: 3 January 2011
8 Redemption Date: 3 July 2012, subject to adjustment in
accordance
with
the
Business
Day
Convention
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
12 Interest: Applicable
13 Interest Amount: In respect of each Interest Payment Date, an
amount calculated as follows:
Calculation Amount x 2.60%
14 Interest Rate[s]: 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 the
Schedule.
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: (i) For the purposes of Condition 5.1 of the
Base Conditions:
Cash Settlement
(ii) For the purposes of Condition 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: (a) If on the Final Valuation Date, the Final
Price is equal to or greater than 50 per cent.
of the Initial Price, the Final Cash Settlement
Amount shall be calculated as follows:
Calculation Amount x 100%
(b) Otherwise, If on the Final Valuation Date
the Final Price is less than 50 per cent. of the
Initial Price, the Final Cash Settlement
Amount shall be calculated as follows:
Calculation Amount x (Final Price / Initial Price)
Where:
"Final Price" means the Share Price on the
Final Valuation Date.
"Final Valuation Date" means 18 June 2012.
"Share Price" means the price of the Share
at the Valuation Time on Scheduled Trading
Day.
"Initial Price" means as set out in paragraph
36(vi) below.
(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: If the Share Price on any Valuation Date is
equal to or greater than 100 per cent. of the
Initial Price, the Notes will automatically
redeem early on the Specified Early Cash
Redemption Date at the Specified Early Cash
Settlement Amount.
(i) Automatic Early Redemption: Applicable
(ii) Cash Settled Securities:
(a) Specified Early Cash
Settlement Amount:
EUR 1,000 per Calculation Amount per
Security
(b) Specified Early Cash
Redemption Date(s):
Each Specified Early Cash Redemption Date,
as set out in the Schedule
(iii) Physically Delivered Securities: N/A
(iv) Specified Early Redemption Notice
Period:
Not less than 5 Business Days prior to the
relevant Specified Early Cash Redemption
Date
34 Maximum and Minimum Redemption
Requirements:
N/A
35 Additional Disruption Events in addition to
those specified in Condition 24 of the Base
Conditions and any applicable Relevant
Annex:
N/A
36 Share Linked Securities: Applicable
(i) Share(s) (each a "Reference Asset"): Banco Santander SA
(Bloomber Code: SAN SM )
(ii) Exchange[s]: Spain
(iii) Related Exchange[s]: All Exchanges
(iv) Exchange Rate: N/A
(v) Weighting for each Reference Asset
comprising the Basket of Reference
Assets:
N/A
(vi) Initial Price of each Reference Asset: EUR 7.975
(vii) Number of Shares: N/A
(viii) Substitution of Shares: Substitution
of Shares -
Standard
İS.
applicable.
(ix) Valuation Date: Each Valuation Date, as set out in the
Schedule.
(x) Valuation Time: As defined in the Equity Linked Annex
(xi) Averaging: N/A
(xii) Additional Disruption Event in
respect of Share Linked Securities:
Insolvency Filing
(xiii) FX Disruption Event: N/A
(xiv) Market Access Dividend and Rights
Issue Provisions:
N/A
(xv) Dividend Exchange Rate: N/A
(xvi) Other adjustments: N/A
37 Index Linked Securities (Equity indices only): 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: EUR 1,000
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
Selling restrictions and provisions relating to certification

Investors are bound by the selling 50 Non-US Selling Restrictions: 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,

from

any

circumstances

directly or indirectly, may be made in or

jurisdiction

will

which

except

result

in

in

compliance with any applicable laws and regulations and which will not impose any obligation on the Issuer, the Manager 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, Luxembourg
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: XS0572792736
Common Code: 057279273
Valoren: CH12206904
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

$(i)$ 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 with effect from on or around the Issue Date. Estimate of total expenses related to GBP 300 $(iii)$ admission to trading: RATINGS Ratings: The Securities have not been individually rated. NOTIFICATION

$N/A$

$\mathbf{1}$

$\overline{2}$

$\overline{3}$

INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE 4

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.

$55$ 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

LISTING AND ADMISSION TO TRADING

$N/A$ Indication of yield:

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

$N/A$

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

$N/A$

PERFORMANCE OF RATE[S] OF EXCHANGE AND EXPLANATION OF EFFECT ON VALUE OF 9 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 / VP Issuing Agent/ [ENL Issuing 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:
N/A

11 OFFER INFORMATION

The Issue Price includes a commission element shared with a third party, the details of which are available upon request.

Barclays relies on and looks towards the intermediary to comply with the Swiss law obligation regarding retrocession and, when applicable, will disclose or forward any retrocession payment he receives from a Barclays entity to his client, unless the intermediary and his client have validly agreed otherwise. Since Barclays does not know the identity of the intermediary's client, it is impossible for Barclays to disclose such retrocession payments to the client of the intermediary. As a consequence thereof, the intermediary herewith undertakes to duly fulfil all legal requirements under Swiss law.

Schedule

Valuation Date Interest Payment Date Specified Early Cash
Redemption Date
1 17 March 2011 31 March 2011 31 March 2011
2 17 June 2011 1 July 2011 1 July 2011
3 19 September 2011 3 October 2011 3 October 2011
4 19 December 2011 2 January 2012 2 January 2012
5 19 March 2012 2 April 2012 2 April 2012
6 18 June 2012 3 July 2012 Not Applicable