Barclays PLC — Capital/Financing Update 2011

Jan 17, 2011

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 357,000,000 Floating Rate Notes due January 2012 (the "Notes")

Series GSN29652

under the Global Structured Securities Programme

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 as amended and reinstated on 17 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.

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 AND THE SUPPLEMENTAL 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	Series:		GSN29652
2	Currency:		British Pound Sterling ("GBP")
3	Notes:		Applicable
	(i)	Aggregate Nominal Amount as at the Issue Date:	GBP 357,000,000
	(ii)	Specified Denomination:	GBP 100,000 and integral multiples of GBP 100,000 thereafter
	(iii)	Calculation Amount per Security as at the Issue Date:	GBP 100,000
4	Certificates: N/A
5	Form:
	(i)	Global/Definitive/Uncertificated and dematerialised:	Global Bearer Securities:
			Temporary Global Security, exchangeable tor 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:		7 January 2011
7	Issue Date:		17 January 2011
8	Redemption Date:		17 January 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:		N/A
		Provisions relating to interest (if any) payable on the Securities
12	Interest:		Applicable
13	Interest Amount:		As per Conditions 4 and 24 of the Base Conditions
14	Interest Rate[s]:
	(i)	Fixed Rate:	N/A
	(ii)	Floating Rate:	ISDA Determination
	(iii)	Variable Rate:	N/A

	(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:	Applicable
	(i)	Floating Rate Option:	GBP-LIBOR-BBA displayed on Reuters Screen as LIBOR01 page
	(ii)	Designated Maturity:	3 months
	(iii)	Reset Date:	The first day of the relevant Interest Calculation Period
17	Margin:		Plus 0.53 per cent. per annum
18	N/A Minimum/Maximum Interest Rate:
19		Interest Commencement Date:	Issue Date
20		Interest Determination Date:	N/A
21		Interest Calculation Periods:	As defined in Condition 24 of the Base Conditions
	(i)	Interest Period End Dates:	Each Interest Payment Date, subject to adjustment in accordance with the Business Day Convention
	(ii)	Interest calculation method for short or long Interest Calculation Periods:	N/A
22		Interest Payment Dates:	17 January, 17 April, 17 July and 17 October in each year, from and including 17 April 2011 to and including the Redemption Date, each date subject to adjustment in accordance with the Business Day Convention
23		Day Count Fraction:	Actual/365 (Fixed)
24	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 Conditions:		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:	As defined in Condition 24 of the Base Conditions

28 Terms relating to Cash Settled Securities:

• $(i)$ Final Cash Settlement Amount:
• $(ii)$ Early Cash Settlement Amount:
• $(iii)$ Early Cash Redemption Date:
• 29 Terms relating to Physically Delivered Securities:
• 30 Nominal Call Event: $N/A$ 31 Call Option: $N/A$
• 32 Put Option: $N/A$
• 33 Specified Early Redemption Event: $N/A$
• 34 Maximum and Minimum Redemption $N/A$ Requirements:
• 35 Additional Disruption Events in $N/A$ addition to those specified in Condition 24 of the Base Conditions and any applicable Relevant Annex:
• Affected Jurisdiction Hedging $(i)$ $N/A$ Disruption:
• $(ii)$ Affected Jurisdiction Increased $N/A$ Cost of Hedging:
• $N/A$ $(iii)$ Affected Jurisdiction:
• $(iv)$ Other Additional Disruption $N/A$ Events:
• $(v)$ The following shall not constitute Additional

Disruption Events:

• 36 Share Linked Securities: $N/A$
• 37 Index Linked Securities (Equity indices $only):$
• 38 Inflation Linked Securities: $N/A$
• 39 FX Linked Securities:
• 40 Credit Linked Securities: $N/A$
• $N/A$ 41 Commodity Linked Securities:
• $N/A$ 42 Proprietary Index Linked Securities:
• 43 Bond Linked Securities: $N/A$
• 44 Mutual Fund Linked Securities: $N/A$

GBP 100,000 per Calculation Amount per Security As defined in Condition 24 of the Base Conditions As defined in Condition 24 of the Base Conditions

Hedging Disruption and Increased Cost of Hedging

$N/A$

$N/A$

$N/A$

Provisions relating to Settlement

• 45 Minimum Settlement Amount: $N/A$
• 46 Settlement in respect of VP Notes, APK $N/A$ Registered Securities, Dutch Securities, Italian Securities, Swedish Registered Securities, VPS Registered Securities or Spanish Securities:
• 47 Additional provisions relating to Taxes $N/A$ and Settlement Expenses:

Definitions

48 Business Day: With regard to payments: London and TARGET

$N/A$

49 Additional Business Centre(s):

Selling restrictions and provisions relating to certification

50 Non-US Selling Restrictions:

51 Applicable TEFRA exemption:

General

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 applicable laws and regulations of such 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.

TEFRA: D Rules Applicable

52 Business Day Convention: Modified Following 53 Relevant Clearing System[s]: Euroclear Clearstream, Luxembourg 54 If syndicated, names [and addresses] of $N/A$ Managers [and underwriting commitments]:

	55 Details relating to Partly Paid Securities:	N/A
	56 Relevant securities codes:	ISIN: XS0578188160
		Common Code: 057818816
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 $\mathbf{1}$

(i)	Listing	London Stock Exchange
(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 as soon as practicable following the Issue Date.
	(iii) Estimate of total expenses related to GBP 3,600 plus VAT asmission to trading:

$\overline{2}$ RATINGS

Ratings:

The Securities have not been individually rated.

$\overline{3}$ NOTIFICATION

$N/A$

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

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.

Reasons for the Offer, Estimated Net PROCEEDS AND TOTAL EXPENSES 5

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

$6\phantom{1}$ FIXED RATE SECURITIES ONLY - YIELD

$N/A$

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

Details of historic GBP-LIBOR-BBA rates can be obtained from Reuters Screen LIBOR01 page.

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	N/A
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 Agents(s) (if any):	N/A
Intended to be held in a manner which would allow Eurosystem eligibility:	N/A

11 OFFER INFORMATION

$N/A$