Barclays PLC — Capital/Financing Update 2011

Oct 19, 2011

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

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 FX Linked Notes due October 2014 (the "Notes")

Series NX00056388

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 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 19 October 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 Securities may not be publicly distributed in Switzerland. These Final Terms will not be dispatched, copied to or otherwise made available to, and the Securities may not be offered for sale to any person in Switzerland, except to Qualified Investors as defined in article 10 of CISA, 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. A High-Net-Worth Individual is a private individual who confirms in writing at the time of the investment to own a minimum of Swiss franc ("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 CISA.

The Securities do not constitute an investment in a collective investment scheme and are not subject to CISA, nor to the supervision of 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 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:	N/A
Italian Securities Agent:	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"). 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.

Provisions relating to the Securities

$\mathbf{1}$	(i)	Series:	NX00056388
	(ii)	Tranche:	1
2	Currency:		Euro ("EUR")
3	Notes:		Applicable
	(i)	Aggregate Nominal Amount as at the Issue Date:	EUR 5,000,000
	(ii)	Specified Denomination:	EUR 50,000
	(iii)	Minimum Tradable Amount:	EUR 100,000 and EUR 1,000 thereafter
	(iv)	Calculation Amount per Security as at the Issue Date:	EUR 1,000
4	Certificates:		N/A
5	Form:
	(i)	Global/Definitive/Uncertificated	Global Bearer Securities:
		and dematerialised:	Permanent Global Security
	(ii)	NGN Form:	Applicable
	(iii)	Held under the NSS:	N/A
	(iv)	CGN Form:	N/A
	(v)	CDI s :	N/A
6	Trade Date:		5 October 2011
7	Issue Date:		19 October 2011
8		Redemption Date:	20 October 2014, 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:	London Stock Exchange
11	The following Relevant Annex(es) shall apply to the Securities:		FX Linked Annex
		Provisions relating to interest (if any) payable on the Securities
12	Interest:		N/A
13		Interest Amount:	N/A
14		Interest Rate:	N/A

15 Screen Rate Determination: $N/A$ $N/A$ 16 ISDA Determination: Margin: $N/A$ $17$

Minimum/Maximum Interest Rate: $N/A$ 18

19	Interest Commencement Date:	N/A
20	Interest Determination Date:	N/A
21	Interest Calculation Periods:	N/A
22	Interest Payment Dates:	N/A
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:	For the purposes of Condition 5.1 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:
	Final Cash Settlement Amount: (i)	The Final Cash Settlement Amount will be

The Final Cash Settlement Amount will be calculated in accordance with the following formula:

(Calculation Amount x

$$
100\%) + Partition \times max \left[0; \sum_{i=1}^{4} W_i \times \frac{EUR-CCY_{i,Strike} - EUR-CCY_{i,FinalSpot}}{EUR-CCY_{i,Strike}}\right]
$$

Where:

"Currency_i" means each of INR, SGD, KRW and IDR, as defined in Condition 3 of the FX Linked Conditions.

"Participation" means 120 per cent.

"EUR-CCY_i" means, in respect of each Currency_i, the value in units of Currency_i of one unit of EUR. "EUR-CCY_i,FinalSpot" EUR-CCY_i means as determined by reference to the relevant FX Rate Source on the Valuation Date at the Specified Time.

"EUR-CCY_i.Strike" means EUR-CCY_i as determined by reference to the relevant FX Rate Source on the Trade Date at the Specified Time, being as

			set out in the Schedule. "Strike Date" means 10 October 2011.
			"W i " means the Weight as set out in the Schedule.
	(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:	N/A
34		Maximum and Minimum Redemption Requirements:	N/A
35	Annex:	Additional Disruption Events in addition to those specified in Condition 24 of the Base Conditions and any applicable Relevant
	(i) Disruption:	Affected Jurisdiction Hedging	N/A
	(ii)	Affected Jurisdiction Increased Cost of Hedging:	N/A
	(iii)	Affected Jurisdiction:	N/A
	(iv) Events:	Other Additional Disruption	N/A
	(v)	The following shall not constitute Additional Disruption Events:	Hedging Disruption Increased Cost of Hedging
36		Share Linked Securities:	N/A
37	only):	Index Linked Securities (Equity indices	N/A
38		Inflation Linked Securities:	N/A
39		FX Linked Securities:	Applicable
	(i)	Single FX Rate, Basket of FX Rates, FX index, or FX-linked product (each a "Reference Asset"):	Basket of FX Rates

	(ii)	FX Rate Source(s):	In respect of each EUR-CCY i , as set out in the Schedule
	(iii)	Specified Time:	In respect of each EUR-CCY i , as set out in the Schedule
	(iv)	Specified Rate:	N/A
	(v)	Spot Rate:	N/A
	(vi)	Principal Financial Centre:	As per the FX Linked Annex
	(vii)	Elective FX Disruption Event:	N/A
	(viii)	FX Disruption Events:	Applicable – As per the FX Linked Annex
	(ix)	Valuation Date:	10 October 2014
	(x)	Valuation Time:	N/A
	(xi)	Averaging:	N/A
	(xii)	Rate Calculation Date:	The Strike Date and the Valuation Date
	(xiii)	Business Day Convention relating to Valuation Date	Modified Following
40		Credit Linked Securities:	N/A
41		Commodity Linked Securities:	N/A
42		(a) Barclays Capital Commodity Index Linked Securities (Section 2 of the Barclays Capital Index Annex):	N/A
	Annex):	(b) Barclays Capital Equity Index Securities (Section 3 of the Barclays Capital Index	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
43		Bond Linked Securities:	N/A
44		Fund Linked Securities:	N/A
		Provisions relating to Settlement
45		Settlement in respect of VP Notes, APK Registered Securities, Dutch Securities, Swedish Registered Securities, VPS	N/A

Registered Securities or Spanish Securities:

Additional provisions relating to Taxes and N/A 46 Settlement Expenses:

Definitions

47	Business Day:	Conditions		As defined in Condition 24 of the Base
48	Additional Business Centre(s):	Singapore, Seoul		In respect of valuations - TARGET, Mumbai,

Selling restrictions and provisions relating to certification

49	Non-US Selling Restrictions:	As set out in the Base Prospectus
50	Applicable TEFRA exemption:	N/A
General
51	Business Day Convention:	Modified Following
52	Relevant Clearing Systems:	Euroclear
		Clearstream
53	If syndicated, names of Managers:	N/A
54	Details relating to Partly Paid Securities:	N/A
55	Relevant securities codes:	ISIN: XS0548355071
		Common Code: 054835507
		Valoren: CH14036695
56	Modifications to the Master Subscription	N/A
	Agreement and/or Agency Agreement:
57	Additional Conditions and/or modification	N/A
	to the Conditions of the Securities:

Part B Other Information

$\mathbf{1}$	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
$\overline{2}$	Ratings
	Ratings:		The Securities have not been individually rated.
3	Notification
	N/A
4		Interests of Natural and Legal Persons involved in the Issue
	N/A
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 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):	N/A
Intended to be held in a manner which would allow Eurosystem eligibility:	Yes Note that the designation "yes" simply means that the Securities are intended upon issue to be deposited with one of the International Central Depositaries ("ICSDs") as common Securities 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

11 Offer Information

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

depend upon the ECB being satisfied that Eurosystem

eligibility criteria have been met.

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

Basket of FX Rates

	$Currency_i$	Method	Weight $(W_i)$	EUR/Currency i. initial	Currency Pair	FX Rate Source	Specified Time
	EUR-INR	Via EUR-USD and USD-INR	25%	66.7022	USD-INR	Page, Reuters RBIB	12:30pm, Mumbai
2	EUR-SGD	Via EUR-USD and USD-SGD	25%	12226.9035	USD-SGD	Page, Reuters ABSIRFIX01	11:00am, Singapore
3	$EUR -$ KRW	Via EUR-USD and USD-KRW	25%	1594.4589	USD-KRW	Reuters Page, KFTC18	3:30pm, Seoul
4	EUR-IDR	Via EUR-USD and USD-IDR	25%	1.7546	USD-IDR	Page, Reuters ABSIRFIX01	$11:00am$ , Singapore
5					EUR-USD	Page Reuters ECB 37	$2:15$ pm Frankfurt time