Barclays PLC — Capital/Financing Update 2011

May 26, 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

EUR 10,000,000 Index Linked Notes due May 2014 (the "Notes")

Series G20116DKD53T

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.

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 26 May 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.

Index Disclaimer:

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

STOXX and its Licensors do not:

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

STOXX and its Licensors will not have any liability in connection with the Securities. 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 Securities, the owner of the Securities or any other person in connection with the use of the Eurostoxx 50 Index® and the data included in the Eurostoxx 50 Index®
• The accuracy or completeness of the Eurostoxx 50 Index® and its data;
• The merchantability and the fitness for a particular purpose or use of the Eurostoxx 50 Index^® and its data;
• STOXX and its Licensors will have no liability for any errors, omissions or interruptions in the Eurostoxx 50 Index® 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 Securities or any other third parties.

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:	Barclays Bank PLC
Determination Agent:	Barclays Bank PLC
Issue and Paying Agent:	The Bank of New York Mellor
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 PROSPECTUSES 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:		G20116DKD53T
2	Currency:		Euro ("EUR")
3	Notes:		Applicable
	(i)	Aggregate Nominal Amount as at the Issue Date:	EUR 10,000,000
	(ii)	Specified Denomination:	EUR 1,000
	(iii)	Calculation Amount per Security as at the Issue Date:	Specified Denomination
4	Certificates:		N/A
5	Form:
	(i)	Global/Definitive/Uncertificated	Global Bearer Securities:
		and dematerialised:	Temporary Global Security, exchangeable for a Permanent Global Security.
	(ii)	NGN Form:	Applicable
	(iii)	Held under the NSS:	N/A
	(iv)	CGN Form:	N/A
	(v)	CDIs:	N/A
6	Trade Date:		12 May 2011
7	Issue Date:		26 May 2011
8		Redemption Date:	May 2014, subject to adjustment 26 in accordance with the Business Day Convention
9	Issue Price:		100 per cent. of the Aggregate Nominal Amount.
10		Relevant Stock Exchange:	London Stock Exchange
11	The following Relevant Annex(es) shall apply to the Securities:		Equity Linked Annex

Provisions relating to interest (if any) payable on the Securities

12	Interest:	Applicable
13	Interest Amount:	(i) If on any Observation Date (i) the Index Level is equal to or greater than 2333.64 (being 80 per cent. of the Initial Level), the Interest Amount payable in respect of the immediately following Interest Payment Date will be calculated as follows:
		Calculation Amount x (i x 4.35%) – Paid Interest
		(ii) If on any Observation Date $_{(i)}$ the Index Level is
		less than 80 per cent. of the Initial Level, no

		Interest Amount will be paid in respect of the immediately following Interest Payment Date.
		Where:
		"i" represents a number from 1 to 6 and each iteration of i represents an Observation Date (i) and an Interest Payment Date $(i)$ , as set out in the Schedule.
		"Index Level" means as defined in paragraph 37(vi) below.
		"Initial Level" means the Index Level on the Strike Date, being 2917.05
		"Observation Date (i) " means each date as set out in the Schedule.
		"Paid Interest" means the sum of all Interest Amounts paid from the Issue Date to and including the immediately preceding Interest Payment Date. "Strike Date" means 12 May 2011.
14	Interest Rate:	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 date as set out in the Schedule, each subject to adjustment in accordance with the Business Day Convention.
23	Day Count Fraction:	N/A
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:	(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:	in Condition 24 of the Base As defined Conditions.
28		Terms relating to Cash Settled Securities:	Applicable
	(i)	Final Cash Settlement Amount:	(i) If the Final Level is equal to or greater than the 80 per cent. of the Initial Level, the Final Cash Settlement Amount will be equal to EUR 1,000 per Calculation Amount per Security;
			(ii) Otherwise, if the Final Level is equal to or greater than 80 per cent. of the Initial Level, the Final Cash Settlement Amount will be equal to:
			Final Level Calculation Amount x 80% x Initial Level
			Where: "Final Level" means the Index Level on the Final Valuation Date. "Final Valuation Date" means 12 May 2014.
	(ii)	Early Cash Settlement Amount:	As defined in Condition 24 of the Base
			Conditions.
	(iii)	Early Cash Redemption Date:	in Condition 24 of the Base As defined 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 Observation Date(i) (where "i" represents a number from 2 to 5), the Index Level is equal to or greater than the Initial Level, a Specified Early Redemption Event will be deemed to have occurred.
	(i)	Automatic Early Redemption	Applicable.
	(ii)	Cash Settled Securities:
		Specified Early Cash (a)	EUR 1,000 per Calculation Amount per Security

Settlement Amount:

		(b)	Specified Early Cash Redemption Date(s):	Any Interest Payment Date from and including the Interest Payment Date scheduled to occur on 28 May 2012 to and including the Interest Payment Date scheduled to occur on 26 November 2013.
	(iii)		Physically Delivered Securities:
	(iv)	Period:	Specified Early Redemption Notice	No less than 10 Business Days' prior notice
34	Requirements:		Maximum and Minimum Redemption	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	only):		Index Linked Securities (Equity indices	Applicable
	(i)	Asset"):	Index/Indices (each a "Reference	The Eurostoxx 50 Index® (the "Index"), as calculated and sponsored by STOXX Limited. (Bloomberg ticker: SX5E Index)
	(ii)		Future Price Valuation:	N/A
	(iii)		Exchange-traded Contract:	N/A
	(ii)	Exchange:		Multi-exchange Index
	(iii)		Related Exchanges:	All Exchanges
	(iv)		Exchange Rate:	N/A
	(v)		Weighting for each Reference Asset comprising the Basket of Reference Assets:	N/A
	(vi)	Asset:	Index Level of each Reference	The level of the Index at the Valuation Time on any Scheduled Trading Day.
	(vii)		Valuation Date:	Each Observation Date (i) including the Final Valuation Date
	(viii)		Valuation Time:	As defined in the Equity Linked Annex
	(ix)	Averaging:		N/A
	(x)		Additional Disruption Event in respect of Index Linked Securities:	Insolvency Filling
	(xi)		FX Disruption Event:	N/A

	(xii)	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 Conditions		in Condition 24 of the Base
49		Additional Business Centre(s):	N/A

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 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 these 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, the Manager and the Determination Agent. 51 Applicable TEFRA exemption: TEFRA D Rules Applicable General 52 Business Day Convention: Modified Following 53 Relevant Clearing Systems: Euroclear Clearstream, Luxembourg 54 If syndicated, names and addresses of $N/A$ Managers: 55 Details relating to Partly Paid Securities: $N/A$ Relevant securities codes: 56 ISIN: XS0602896622 Common Code: 060289662 57 Modifications to the Master Subscription $N/A$ Agreement and/or Agency Agreement: Additional Conditions and/or 58 $N/A$ modification to the Conditions of the Securities:

Part B Other Information

LISTING AND ADMISSION TO TRADING 1
	(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 to admission to trading:	GBP 300 + VAT
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 "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
-------------------------------	-----------------

(i) Estimated net proceeds:	N/A
--------------------------------	-----

$N/A$ $(iii)$ Estimated total expenses:

6 FIXED RATE SECURITIES ONLY - YIELD

Indication of yield: $N/A$

FLOATING RATE SECURITIES ONLY - HISTORIC INTEREST RATES $7⁷$

$N/A$

$\overline{2}$

$\mathbf{3}$

$\overline{4}$

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 OF EXCHANGE AND EXPLANATION OF EFFECT ON 9 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):

Delivery:

Names and addresses of additional Paying Agents(s) (if any):

Intended to be held in a manner which would allow Eurosystem eligibility:

$N/A$

Delivery free of payment

$N/A$

Yes

Note that the designation "yes" simply means that the Securities are intended upon issue to be deposited with one of the International Central Securities Depositaries as common safekeeper and does not necessarily mean that the Securities will be recognised as eligible collateral for Eurosystem monetary policy and intra-day credit operations by the Eurosystem either upon issue or at any or all times during their life. Such recognition will depend upon the ECB being satisfied that Eurosystem eligibility criteria have been met.

11 OFFER INFORMATION

The Issue Price may include a commission element shared with a third party, which will be no more than 0.75 per cent. of the Issue Price. Further details of which are available upon request.

Schedule

(i)	Observation Date(i)	Interest Payment Date(i)
1	14-Nov-11	28-Nov-11
$\mathcal{L}$	14-May-12	28-May-12
3	12-Nov-12	$26 - Nov-12$
$\overline{4}$	13-May-13	27-May-13
5	12-Nov-13 26-Nov-13
6	Final Valuation Date	Redemption Date