Barclays PLC — Capital/Financing Update 2011

Aug 18, 2011

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

10,000 FX Linked Warrants due November 2014 (the "Warrants")

Series NX00048815

under the Global Structured Securities Programme

Issue Price: EUR 850 per Security

This document constitutes the final terms of the Warrants (the "Final Terms") described herein for the purposes of Article 5.4 of Directive 2003/71/EC (the "Prospectus Directive") 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 5 August 2011, as supplemented and amended from time to time, which constitutes a base prospectus (the "Base Prospectus") for the purpose of the Prospectus Directive. 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 18 August 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 5 August 2011.

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 Mellon
Stabilising Manager:	N/A
Registrar:	The Bank of New York Mellon (Luxembourg) S.A.
CREST Agent:	N/A
Italian Securities Agent:	N/A
Paying Agents:	N/A
Transfer Agent:	The Bank of New York Mellon (Luxembourg) S.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"). 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, SEE "PURCHASE AND SALE" IN THE BASE PROSPECTUS.

EACH PURCHASER OF REGISTERED SECURITIES WILL BE DEEMED, BY ITS ACCEPTANCE OF PURCHASE OF ANY SUCH REGISTERED SECURITIES, TO HAVE MADE CERTAIN REPRESENTATIONS AND AGREEMENTS INTENDED TO RESTRICT THE RESALE OR OTHER TRANSFER OF SUCH REGISTERED SECURITIES AS SET OUT IN "CLEARANCE, SETTLEMENT AND TRANSFER RESTRICTIONS - TRANSFER RESTRICTIONS FOR REGISTERED SECURITIES" IN THE BASE PROSPECTUS.

THE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE US SECURITIES AND EXCHANGE COMMISSION, ANY STATE SECURITIES COMMISSION IN THE UNITED STATES OR ANY OTHER US REGULATORY AUTHORITY, AND NONE OF THE FOREGOING AUTHORITIES HAS PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OF SECURITIES OR THE ACCURACY OR THE ADEQUACY OF THESE FINAL TERMS OR THE BASE PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENCE IN THE UNITED STATES.

Provisions relating to the Securities

1	(i)	Series:	NX00048815
	(ii)	Tranche:	1
2	Currency:		Euro ("EUR")
3		Number of Warrants or Exercisable Certificates being issued:	10,000
4	(i)	Minimum Tradable Amount:	1 Security
	(ii)	Calculation Amount per Security as at the Issue Date:	EUR 10,000
5	Form:
	(i)	Global/Definitive/ Uncertificated and dematerialised:	Global Registered Securities: Regulation S Global Security
	(ii)	NGN Form:	N/A
	(iii)	Held under the NSS:	N/A
	(iv)	CGN Form:	N/A
	(v)	CDIs:	N/A
6	Trade Date:		11 August 2011
7	Issue Date:		18 August 2011
8	Issue Price:		EUR 850 per Security
9		Relevant Stock Exchange:	London Stock Exchange
10		The following Relevant Annex(es) shall apply to the Securities:	FX Linked Annex

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

11	Interest:	N/A
12	Interest Amount:	N/A
13	Interest Rate:	N/A
14	Screen Rate Determination:	N/A
15	ISDA Determination:	N/A
16	Margin:	N/A
17	Minimum/Maximum Interest Rate:	N/A
18	Interest Commencement Date:	N/A
19	Interest Determination Date:	N/A
20	Interest Calculation Periods:	N/A
21	Interest Payment Dates:	N/A
22	Day Count Fraction:	N/A
23	Fallback provisions, rounding provisions, denominator and any other terms	N/A

relating to the method of calculating interest, if different from those set out in the Base Conditions:

Provisions relating to Exercise

24	(i)	Exercise Style:	European Style
	(ii)	Multiple Exercise Securities	N/A
25		Call/Put Securities:	The Securities are Other Exercise Securities. Where:
			"Other Exercise Securities" means Securities defined as such in these Final Terms.
26	Units:		The Securities must be exercised in Units. Each Unit consists of 1 Security.
27		Exercise Price:	N/A
28		Exercise Parameters:	N/A
29		Exercise Date(s):	11 August 2014, subject to adjustment in accordance with the Business Day Convention
30		Potential Exercise Business Dates:	N/A
31		Exercise Business Day:	N/A
32		Exercise Period:	N/A
33		Expiration Date:	Exercise Date
34		Automatic Exercise:	N/A
35		Minimum Number Exercise Requirement:	N/A
36		Maximum Daily Number:	N/A
37		Nominal Call Event:	N/A
		Provisions relating to Redemption
38		Settlement Method:	Cash Settlement
39		Settlement Currency:	EUR
40		Settlement Number:	As defined in Condition 24 of the Base Conditions
41		Terms relating to Cash Settled Securities:
	(i)	Exercise Cash Settlement Amount:	On the Exercise Cash Settlement Date, the Issuer will pay to each Securityholder an amount in the Settlement Currency in respect of each Security determined by the Determination Agent in accordance with the following formula:
			Calculation Amount x max (0; Performance)

Where:

"FX Ratefinal" means the Specified Rate on the Valuation Date.

			"Performance" will be calculated as follows:
			min(Strike1 – FX Ratefinal, Strike1 – Strike2) – FX Ratefinal
			"Strike1" means 2.9775
			"Strike2" means 2.5400
			"Valuation Date" means as set out in paragraph 51(xii) below.
	(ii)	Exercise Cash Settlement Date:	As defined in Condition 24 of the Base Prospectus
	(iii)	Early Cash Settlement Amount:	As defined in Condition 24 of the Base Conditions
	(iv)	Early Cancellation Date:	As defined in Condition 24 of the Base Conditions
42		Specified Early Cancellation Event:	N/A
43	Call Option		N/A
44		Early Exercise Trigger Event:	N/A
45	Securities:	Terms relating to Physically Delivered	N/A
46	Multiplier:		N/A
47	Additional Disruption Events in addition to those specified in Condition 24 of the Base Conditions and any applicable Relevant Annex:		N/A
48		Share Linked Securities:	N/A
49	only):	Index Linked Securities (Equity notices	N/A
50		Inflation Linked Securities:	N/A
51		FX Linked Securities:	N/A
	(i)	Single FX Rate, Basket of FX Rates, FX index, or FX-linked product (each a "Reference Asset"):	FX Rate: EUR-TRY, being the value of one unit of EUR in units of TRY
	(ii)	FX Rate Source(s):	Bloomberg Page EUCFTRY Index
	(iii)	Specified Time:	2:15 p.m., Frankfurt time
	(iv)	Specified Rate:	The FX Rate as determined by reference to the FX Rate Source at the Specified Time
	(v)	Spot Rate:	N/A
	(vi)	Principal Financial Centre:	As per the FX Linked Annex
	(vii)	Elective FX Disruption Event:	Applicable – As per the FX Linked Annex
	(viii)	Benchmark Obligation Default:	N/A
	(ix)	Price Materiality:	N/A
	(x)	FX Disruption Events:	Applicable – As per the FX Linked Annex
	(xi)	Valuation Date:	11 August 2014

	(xii)	Valuation Time:			N/A
	(xiii)	Averaging:			N/A
	(xiv)	Rate Calculation Date:			Valuation Date
	(xv)	Business relating to Valuation Date:	Day	Convention	Modified Following
52		Credit Linked Securities:			N/A
53		Commodity Linked Securities:			N/A
54		Debt Components:			N/A
55		Interest Rate Components:			N/A
56		(a) Barclays Capital Commodity Index Linked Securities (Section 2 of the Barclays Capital Index Annex):			N/A
		(b) Barclays Capital Equity Index Linked Securities (Section 3 of the Barclays Capital Index Annex):			N/A
		(c) Barclays Capital FX Index Linked Securities (Section 4 of the Barclays Capital Index Annex):			N/A
		(d) Barclays Capital Interest Rate Index Linked Securities (Section 5 of the Barclays Capital Index Annex):			N/A
		(e) Barclays Capital Emerging Market Index Linked Securities (Section 6 of the Barclays Capital Index Annex):			N/A
57		Fund Linked Securities:			N/A
		Additional provisions relating to Settlement
58	Securities, Securities:	Settlement in respect of APK Registered Swedish Securities, Italian Securities or other		Registered	N/A
59		Additional provisions relating to payment of Exercise Price:			N/A
60		Additional provisions relating to Taxes and Settlement Expenses:			N/A
Definitions
61		Definition of In-The-Money:			As defined in Condition 24 of the Base Conditions
62	Business Days:				As defined in Condition 24 of the Base Conditions
		Additional Business Centre(s):			N/A
				Selling restrictions and provisions relating to certification
63		Non-US Selling Restrictions:			As described in the Base Prospectus.

64	Applicable TEFRA exemption:	N/A
65	Other:	N/A
General
66	Business Day Convention:	Modified Following
67	Relevant Clearing Systems:	Euroclear
		Clearstream
68	If syndicated, names and addresses of Managers:	N/A
69	Relevant securities codes:	ISIN: GB00B44VL363
		Common Code: 66645053
70	Modifications to the Master Subscription Agreement and/or Master Agency Agreement (as amended from time to time):	N/A
71	Additional Conditions and/or modification to the Conditions of the Securities:	N/A

Part B Other Information

1 LISTING AND ADMISSION TO TRADING (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

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/OFFER

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

6 FIXED RATE SECURITIES ONLY - YIELD

Indication of yield: N/A

7 FLOATING RATE SECURITIES ONLY - HISTORIC INTEREST RATES

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

9 PERFORMANCE OF RATE 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
	N/A
Agents(s) (if any):
Intended to be held in a manner which would allow Eurosystem eligibility:	No

11 Offer Information

N/A