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Barclays PLC Capital/Financing Update 2011

Jun 9, 2011

5250_rns_2011-06-09_3b825633-4297-45f4-b3c1-eb41a9f7dfda.pdf

Capital/Financing Update

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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 20,000,000 Floating Rate Notes due 1 September 2023 (the "Notes")

Series 7095

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 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, save in respect of the Conditions which are extracted from the Base Prospectus dated 16 December 2005 (the "Original Offering Document"), as incorporated by reference in the Base Prospectus. Full information on the Issuer and the offer of the Notes 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 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.

Final Terms dated 9 June 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 Conditions which are extracted from the Original Offering Document, as incorporated by reference in the Base Prospectus.

Parties
Issuer: Barclays Bank PLC
Guarantor: N/A
Manager: N/A
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, 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 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.

3

Provisions relating to the Notes

1. Title of the Notes: EUR 20,000,000 Floating Rate Notes
due 1 September 2023
2. Series: 7095
3. Currency of the Notes: Euro ("EUR")
4. Aggregate principal amount of the
Notes:
EUR 20,000,000
5. Denominations and number of Notes: EUR 100,000 (200 Notes)
For the avoidance of doubt, each Note
shall not be sub-divided into smaller
denominations.
6. Form of Notes: Bearer Notes
Temporary Global Note, exchangeable
for a Permanent Global Note
7. Notes in definitive form to be issued: Yes, in the limited circumstances set out
in the Base Prospectus
8. Issue Date of the Notes: 20 September 2006
9. Issue Price of the Notes: 100.00 per cent. of par
10. Relevant Stock Exchanges: London Stock Exchange
11. Integral multiples of Notes required for
transfer:
N/A
12. Type of Notes and relevant Securities
Note:
Floating Rate Notes
Provisions relating to interest (if any) payable on the Notes
13. Interest payable on the Notes: Yes
14. Interest Basis: Floating Rate
15. Interest Rates
-
Fixed
N/A
-
Floating
In respect of each Interest Period, an
amount,
payable
on
each
Interest
Payment Date, calculated as follows:
(Reference Rate + 0.10% per annum)
Provided that in respect of the first
Interest Period only:
"Reference Rate" means 4.719 per
cent.
  1. Screen Rate Determination: Applicable

4

(i) Reference Rate: In respect of each Interest Period (other
than
the
first
Interest
Period),
12
months EURIBOR-Reuters, being the
rate for deposits in EUR for a period of
12
months
which
appears
on
the
Relevant Screen Page as of 11:00 a.m.,
Brussels
time,
on
the
Interest
Determination Date. If the Reference
Rate does not appear on the Relevant
Screen Page as of 11:00 a.m., Brussels
time, on the Interest Determination
Date, then the Reference Rate for the
Interest Determination Date will be
determined
by
the
Determination
Agent in its sole discretion.
For the avoidance of doubt, in respect
of
the
first
Interest
Period,
the
Reference Rate will be equal to 4.719
per cent. per annum.
(ii) Interest Determination Date: Two TARGET Business Days prior to
the first day of each Interest Period
(iii) Relevant Screen Page: Reuters Screen EURIBOR01 Page
17. ISDA Determination: N/A
18. Amortisation Yield: N/A
19. Fixed Coupon Amount: N/A
20. Broken Coupon Amount: N/A
21. Minimum/Maximum Rates of Interest: Maximum Rate of Interest: 5.40 per
cent. per annum
22. Interest Payment Dates: Annually in arrears on 1 March in each
year, from and including 1 March 2009
up to and including 1 March 2023 and
the Maturity Date.
23. Interest Commencement Date: 3 March 2008
24. Interest Periods: As set out in the Base Prospectus.
For the avoidance of doubt, in respect
of
the
Interest
Period
from
and
including
1
March
2023
to
but
excluding
the
Maturity
Date
no
interpolation will be applicable.
25. Day Count Fraction: Actual/360

Provisions regarding redemption

26. Exchange Rate Time: N/A
27. Maturity Date: 1 September 2023
28. Early Redemption
occurrence of:
following the Applicable
(i) Issuer Tax Event: Applicable
(ii) Change in Law: Applicable
(iii) Hedging Disruption: Applicable
(iv) Increased Cost of Hedging: Applicable
(v) Asian Change in Law Not Applicable
(vi) Asian Hedging Disruption Not Applicable
(vii) Asian Increased Cost of
Hedging
Not Applicable
29. Early Redemption following the
occurrence of a Guarantor Tax Event:
N/A
30. Call Option: N/A
31. Put Option: N/A
32. Valuation Date: N/A
33. Valuation Time: N/A
34. Market Disruption Event: N/A
(i) Trading Disruption: N/A
(ii) Exchange Disruption: N/A
(iii) Early Closure: N/A
35. (i) Averaging Dates: N/A
(ii) Consequence of an Averaging
Date being a Disrupted Day:
N/A
36. Redemption Amount and the currency
in which it will be paid:
100 per cent. per Denomination
37. Early Redemption Amount and the
currency in which it will be paid:
In relation to an Early Redemption in
accordance with Condition 5.4, an

In relation to an Early Redemption in accordance with Condition 5.4, an amount as determined by the Determination Agent in its sole discretion.

7

    1. The maximum and minimum number of Business Days prior to the Early Redemption Date on which Issuer Redemption Notices and Special Redemption Notices must be given by the Issuer:
    1. Time for receipt of Early Redemption Notice and/or Noteholder's Notice:
    1. Procedures for giving Issuer Redemption Notice if other than as specified in Condition 6.3:
    1. Procedure for giving Special Redemption Notice if other than as specified in Condition 6.3:
    1. Basis for selecting Notes where Daily Maximum Amount is exceeded if other than on a pro rata basis: N/A
    1. Additional provisions relating to the redemption of the Notes: N/A
    1. Equity Linked Notes, Equity Basket Notes: N/A
    1. Single Index Notes, Basket of Indices Notes: N/A
  • Currency Linked Notes: N/A 48. Credit Linked Notes: N/A 49. Commodity Linked Notes: N/A

Provisions relating to settlement

50. Settlement type: Cash Settlement
51. Board Lot: N/A
52. Currency in which cash settlement will
be made
EUR
53. Early Redemption Payment Date: As defined in Condition 25
54. Clearing System: Euroclear
Clearstream, Luxembourg

As set out in the Base Prospectus

10:00 a.m. London time, as set out in the Base Prospectus

  1. Redemption Notice Time: 10.00 a.m. Brussels time (in the case of Euroclear) (or 11.00 a.m. if delivered by EUCLID) and 10.00 a.m. Luxembourg time (in the case of Clearstream, Luxembourg)

N/A

N/A

55. Security Delivery Date: N/A
-- ----- ------------------------- -----

Definitions

56. Definition of Business Day: London and TARGET
57. Definition of Exchange Business Day: As defined in Condition 25
58. Definition of Maturity Notice Time: As defined in Condition 25
59. Definition of Issuer Tax Event: As defined in Condition 12
60. Definition of Guarantor Tax Event: N/A

Selling restrictions and provisions relating to certification

61. Applicable US Commodities
Restrictions:
  1. Non-US Selling Restrictions: As described in the Base Prospectus, in addition to:

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.

The offering of the Notes has not been cleared by CONSOB (the Italian Securities Exchange Commission) pursuant to Italian securities legislation and, accordingly, no Notes may be offered, sold or delivered, nor may copies of the Information Memorandum or of any other document relating to the Notes be distributed in the Republic of Italy, except:

(a) to professional investors

(operatori qualificati), as defined in Article 31, second paragraph, of CONSOB Regulation No. 11522 of 1st July, 1998, as amended; or

(b) in circumstances which are exempted from the rules on solicitation of investments pursuant to Article 100 of Legislative Decree No. 58 of 24th February, 1998 (the "Financial Services Act") and Article 33, first paragraph, of CONSOB Regulation No. 11971 of 14th May, 1999, as amended.

Any offer, sale or delivery of the Notes or distribution of copies of the Information Memorandum or any other document relating to the Notes in the Republic of Italy under (a) or (b) above must be:

  • (i) made by an investment firm, bank or financial intermediary permitted to conduct such activities in the Republic of Italy in accordance with the Financial Services Act and Legislative Decree No. 385 of 1st September, 1993 (the "Banking Act"); and
  • (ii) in compliance with Article 129 of the Banking Act and the implementing guidelines of the Bank of Italy, as amended from time to time, pursuant to which the issue or the offer of securities in the Republic of Italy may need to be preceded and followed by an appropriate notice to be filed with the Bank of Italy depending, inter alia, on the aggregate value of the securities issued or offered in the Republic of Italy and their characteristics; and
  • (iii) in compliance with any other

applicable laws and regulations.

  1. Certification of non-US status: TEFRA D Applicable

General

    1. Applicable Business Day Convention: Modified Following Business Day
    1. Relevant Clearing Systems, Rules and appropriate codes:

Convention

Euroclear

Clearstream, Luxembourg

ISIN: XS0267822285

Common Code: 026782228

N/A

    1. (i) Reuters page(s) (or other reference source) from which the exchange rate for currency conversion will be taken when calculating the Redemption Amount and/or the Early Redemption Amount, or
  • (ii) the Reference Bank or Central Bank quoting the exchange rate for conversion pursuant to Condition 6.9(a) N/A
    1. Any modifications to the Master Subscription Agreement and/or Master Issue and Paying Agency Agreement:
    1. The offices (if any) in addition to the principal office of the Issue and Paying Agent where (i) the latest annual report and accounts, of the Issuer, Guarantor and semi-annual interim reports of the Guarantor and (ii) copies of the Master Issue and Paying Agency Agreement and the Base Prospectus and this Supplement will be available in English for holders of the Notes during the term of the Notes:
    1. Any Conditions additional to, or modified from, those set forth in the Base Prospectus: N/A

N/A

N/A

PART B - OTHER INFORMATION

1. LISTING
(i)
Listing:
(ii)
Admission to trading:
London
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 7
June 2011.
(iii) Estimate of total expenses
related to admission to
trading:
GBP 300
2. RATINGS
Ratings: The Notes have not been individually rated.
3. NOTIFICATION
Not Applicable
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 Notes 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: EUR 20,000,000
(iii) Estimated total expenses: Not Applicable
6. FIXED RATE NOTES ONLY - YIELD
Indication of yield: Not Applicable

7. FLOATING RATE NOTES ONLY - HISTORIC INTEREST RATES

Not Applicable

8. INDEX-LINKED OR OTHER VARIABLE-LINKED NOTES ONLY - PERFORMANCE OF INDEX/FORMULA/OTHER VARIABLE, EXPLANATION OF EFFECT ON VALUE OF INVESTMENT AND ASSOCIATED RISKS AND OTHER INFORMATION CONCERNING THE UNDERLYING

Not Applicable

9. DUAL CURRENCY NOTES ONLY - PERFORMANCE OF RATE OF EXCHANGE AND EXPLANATION OF EFFECT ON VALUE OF INVESTMENT

Not Applicable

10. OPERATIONAL INFORMATION

Any clearing system(s) other than
Euroclear Bank S.A./N.V. and
Clearstream Banking Societe
Anonyme and the relevant
identification number(s):
Not Applicable
Delivery: Delivery free of payment
New Global Note No
Names and addresses of additional
Paying Agents(s) (if any):
Not Applicable
Intended to be held in a manner which
would allow Eurosystem eligibility:
No