Barclays PLC — Capital/Financing Update 2012

Apr 30, 2012

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 35,000,000 Index Linked Notes due May 2016 (the "Notes")

Series NX00073558

under the Global Structured Securities Programme

The Securities will be publicly offered in Portugal from and including 2 April 2012, 8 a.m. CET to and including 27 April 2012, 5 p.m. CET (the "Offer Period")

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.

Final Terms dated 30 April 2012

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 Francs 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.

Eurostoxx 50 Index Disclaimer

STOXX and its licensors (the "Licensors") have no relationship to Barclays Banks PLC ("Barclays"), other than the licensing of the Eurostoxx 50 $\textdegree$ (the "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.
• 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 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 $\bullet$ person in connection with the use of the Index and the data included in the Index;
• The accuracy or completeness of the Index and its data;
• The merchantability and the fitness for a particular purpose or use of the Index and its data:
• STOXX and its Licensors will have no liability for any errors, omissions or interruptions in the 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 5 August 2011.

Parties
Issuer:	Barclays Bank PLC
Guarantor:	N/A
Managers:	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, THE BASE PROSPECTUS AND THE SUPPLEMENTAL PROSPECTUSES, SEE "PURCHASE AND SALE" IN THE BASE PROSPECTUS.

Swiss Federal Act: The Securities do not constitute collective investment schemes within the meaning of CISA. Accordingly, holders of the Securities do not benefit from protection under CISA or supervision by FINMA.

Provisions relating to the Securities

1	Series:		NX00073558
2	Currency:		Euro ("EUR")
3	Notes:		Applicable
	(i)	Aggregate Nominal Amount as at the Issue Date:	EUR 35,000,000
		(ii) Specified Denomination:	EUR 1,000
		(iii) Minimum Tradable Amount:	N/A
		(iv) Calculation Amount as at the Issue	Specified Denomination
		Date:	For the purposes hereof, all references in the Conditions to "Calculation Amount per Security" shall be construed as references to "Calculation Amount" as defined in these Final Terms.
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
		$(v)$ CDIs:	N/A
6		Trade Date:	23 March 2012
7		Issue Date:	30 April 2012
8		Redemption Date:	3 May 2016
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:	N/A

13 Interest Amount: $N/A$

14	Interest Rates:	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:	N/A
23	Day Count Fraction:	N/A
24	Fallback 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:	As defined in Condition 24 of the Base Conditions
28	Terms relating to Cash Settled Securities:
	Final Cash Settlement Amount: (i)	(a) If Final Level / Initial Level is greater than or equal to 75 per cent., the Final Cash Settlement Amount will be calculated as follows:
		Calculation Amount x 134.80%
		(b) Otherwise, if Final Level / Initial Level is less than 75 per cent., the Final Cash Settlement Amount will be calculated as follows:
		Calculation Amount x (Final Level / Initial Level)
		Where:
		"Final Level" means the Index Level on the Final Valuation Date.

		"Initial Level" means the Index Level on the Strike Date.
		"Final Valuation Date" means 27 April 2016.
		"Strike Date" means 30 April 2012.
	(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	Terms relating to Physically Delivered Securities:	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 Valuation Date(i) (where "i" represents a number from 2 to 7) Index Level(i) is equal to or greater than 100 per cent. of the Initial Level, then each Security will be early redeemed at the Specified Early Cash Redemption Date calculated as follows: Calculation Amount x (100% + i x 4.35%)
		Where:
		"Index Level(i)" means the Index Level on Valuation Date(i).
		"Valuation Date(i)" means the dates specified as such in the Schedule.
	Automatic Early Redemption: (i)	Applicable
	Cash Settled Securities: (ii)
	(a) Specified Early Cash Settlement Amount:	As defined in Condition 24 of the Base Conditions
	Specified Early Cash (b) Redemption Date(s):	As set out in the Schedule
	(iii) Physically Delivered Securities:	N/A
	(iv) Specified Early Redemption Notice Period:	N/A
34	Maximum and Minimum Redemption Requirements:	N/A
35	Additional Disruption Events in addition to those specified in Condition 24 of the Base Conditions and any applicable Relevant Annex:	N/A

36	Share Linked Securities:		N/A
37	only):	Index Linked Securities (Equity indices	Applicable
	(i)	Index/Indices (each a "Reference Asset"):	Eurostoxx 50® (the "Index"), as calculated and sponsored by STOXX Limited (Bloomberg ticker for reference purposes only: SX5E Index
	(ii)	Future Price Valuation:	N/A
	(iii)	Exchange-traded Contract:	N/A
	(ii)	Exchanges:	Multi-exchange Index
	(iii)	Related Exchanges:	All Exchanges
	(iv)	Exchange Rate:	N/A
	Weighting for each Reference (v) Asset comprising the Basket of Reference Assets:		N/A
	(vi)	Index Level of each Reference Asset:	The level of the Index as of the Valuation Time on any Scheduled Trading Day (the 'Index Level")
	(vii)	Valuation Date:	The Strike Date, each Valuation Date(i) and 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:	N/A
	(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		(a) Barclays Commodity Index Linked Securities (Section 2 of the Barclays Index Annex):	N/A
	(b) Barclays Equity Index Securities (Section 3 of the Barclays Index Annex):		N/A
		(c) Barclays FX Index Linked Securities (Section 4 of the Barclays Index Annex):	N/A

(d) Barclays Interest Rate Index Linked N/A Securities (Section 5 of the Barclays Index Annex):

(e) Barclays Emerging Market Index N/A Linked Securities (Section 6 of the Barclays Index Annex):

• 43 Bond Linked Securities: $N/A$
• 44 Fund Linked Securities: $N/A$

Provisions relating to Settlement

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

Definitions

47 Business Day:

As defined in Condition 24 of the Base Conditions

48 Additional Business Centre(s):

Selling restrictions and provisions relating to certification

49 Non-US Selling Restrictions:

As described in the Base Prospectus.

In addition to those described in the Base Prospectus, no action has been taken 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 wil 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 or the Manager (as the case may be) and the Determination Agent.

50 Applicable TEFRA exemption:

$N/A$

$N/A$

General

51	Business Day Convention:		Modified Following
52	Relevant Clearing Systems:		Euroclear
						Clearstream
53		If syndicated, names of Managers:				N/A
54	(a)	Details relating to Partly Paid Securities:		N/A
	(b)	Details relating to Instalment Notes:				N/A
55.		Relevant securities codes:				ISIN: XS0743073537
						Common Code: 074307353
56		Modifications Subscription Agreement and/or Agency	to	the	Master	N/A

• Subscription Agreement and/or Agency Agreement: 57 Additional Conditions $and/or$
• modification to the Conditions of the Securities:

For the avoidance of doubt in relation to a delay or postponement of payments and settlement:

If the determination of a price or level used to calculate any amount payable or deliverable on any payment or settlement date is delayed or postponed pursuant to the terms and conditions of the Securities, payment or settlement will occur on the later of either (i) the scheduled payment or settlement date or (ii) the second Business Day following the date on which such price or level is determined. No additional amounts shall be payable or deliverable by the Issuer because of such postponement.

For the purposes hereof, Base Condition 9.7 shall be modified as follows:

If the date on which any amount is specified as being or is otherwise determined to be, payable in respect of any Security or Coupon is not (i) a Business Day and (ii) in the case of Definitive Securities only, a day other than a Saturday or Sunday on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealing in foreign exchange and foreign Currency deposits) in the relevant place of presentation, then payment will not be made until the next succeeding day which is (i) a Business Day and (ii) in the case of Definitive Securities only, also a

day other than a Saturday or Sunday on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealing in foreign exchange and foreign Currency deposits) in the relevant place of presentation, and the holder thereof shall not be entitled to any further payment in respect of such delay.

All references to "Barclays Capital Commodity Index" in the Base Prospectus and in the Conditions shall be construed as references to "Barclays Commodity Index".

All references to "Barclays Capital Equity Index" in the Base Prospectus and in the Conditions shall be construed as references to "Barclays Equity Index".

All references to "Barclays Capital FX Index" in the Base Prospectus and in the Conditions shall be construed as references to "Barclays FX Index".

All references to "Barclays Capital Interest Rate Index" in the Base Prospectus and in the Conditions shall be construed as references to "Barclays Interest Rate Index"

All references to "Barclays Capital Emerging Market Index" in the Base Prospectus and in the Conditions shall be construed as references to "Barclays Emerging Market Index".

All references to "Barclays Capital Index Annex" in the Base Prospectus and in the Conditions shall be construed as references to "Barclays Index Annex".

Part B Other Information

$\mathbf{1}$ Listing and Admission to Trading

(i)	Listing:	London
(ii)	Admission to trading:	Application has been 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:	N/A

$\overline{2}$ Ratings

Ratings:

The Securities have not been individually rated.

Notification $\overline{3}$

The Financial Services Authority has provided the Comissão do Mercado de Valores Mobiliários (the Portuguese competent authority) with a certificate of approval attesting that the Base Prospectus has been drawn up in accordance with the Prospectus Directive.

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 $5¹$

(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

$N/A$

$\overline{7}$ Floating Rate Securities Only - Historic Interest Rates

$N/A$

Performance of Reference Asset(s) or Other Variable, Explanation of Effect on Value of 8 Investment and Associated Risks and Other Information Concerning the Reference Asset(s) and/or Other Underlying

$N/A$

Performance of Rates of Exchange and Explanation of Effect on Value of Investment 9

$N/A$

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 designatic

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 (ICSDs) 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

(i) Offer Price:

Issue Price

Offer Period

An offer of the Securities may not be made by the Distributor other than pursuant to Article 3(2) of the Prospectus Directive in the Public Offer Jurisdiction during the period from and including 2 April 2012, 8 a.m. CET to and including 27 April 2012, 5 p.m. CET (the Offer Period).

Third Party Fees

The Issue Price may include a commission element which may be shared with a third party, which will be no more than 5 per cent. of the Issue Price. Further details of the commission element are available upon request.

The Issuer reserves the right to cancel the issue of the Securities if any circumstance(s) occurs which, in the Issuer's opinion, may have a significant impact on the issue. In case of cancellation, the purchase price and commission paid by any Investor will be refunded in accordance with the Distributor's usual procedures. Information about the changes to the offer period and cancellation, if any, of the offer in the course of its duration will be announced in the same manner as these Final Terms were made publicly available.

Offers of the Securities made prior to the Issue Date are conditional on their issue. There is no preidentified allotment criteria. The Distributor will adopt allotment criteria that ensures equal treatment of prospective investors. All of the Securities requested through the Distributor during the Offer Period will be assigned up to the maximum amount of the offer. A prospective investor will, on the Issue Date, receive 100 per cent. of the amount of Securities allocated to it during the Offer Period.

The Issuer reserves the right to withdraw the offer of the Securities prior to the Issue Date.

For the avoidance of doubt, if any application has been made by the potential investor prior to the withdrawal of an offer, each such potential investor shall not be entitled to subscribe or otherwise acquire the Securities and any applications will be automatically cancelled and any purchase money will be refunded to the applicant.

(iii) Description of the application process: Applications for the Securities can be made in the Public Offer Jurisdiction through the Distributor during the Offer Period. Distribution will be in accordance with the Distributor's usual procedures and notified to investors by the Distributor.

(ii) Conditions to which the offer is subject:

• (iv) Details of the minimum and/or maximum amount of application:
• (v) Description of possibility to reduce subscriptions and manner for refunding excess amount paid by applicants:
• (vi) Details of method and time limits for paying up and delivering the Securities:

(vii) Manner in and date on which results of the offer are to be made public:

• (viii) Procedure for exercise of any right of pre-emption, negotiability of subscription rights and treatment of subscription rights not exercised:
• (ix) Categories of prospective investors to which the Securities are offered and whether tranche(s) have been reserved for certain countries:
• (x) Process for notification to applicants of the amount allotted and indication whether dealing may begin before notification is made:

The minimum amount of application per investor will be EUR 1.000 in nominal amount of the Securities.

$N/A$

Payment for Securities shall be made to the Distributor in accordance with the instructions provided by the Distributor. Payment of the Offer Price must be made by 25 April 2012 to the Distributor's office having received the subscription.

None of the amounts so transferred to the Distributor will bear interest. Such amounts will be returned only in the event of (i) cancellation of the offer of the Securities or (ii) overpayments, provided that, in each case, the amounts will be returned by the Distributor without any interest or compensation in accordance with the instructions of the relevant applicant set out in the related application form. The Securities will be delivered to the successful applicants on the Issue Date.

The Securities will be made available on a free delivery after payment basis or around the Issue Date.

Results of the offer will be made public via the Distributor within 3 Business Days after the end of the Offer Period.

$N/A$

Offers may be made through the Distributor in the Public Offer Jurisdiction to any person. Offers (if any) in other EEA countries will only be made through the Distributor pursuant to an exemption from the obligation under the Prospectus Directive (as implemented in such countries) to publish a prospectus.

Applicants will be notified directly by the Distributor of the success of their application. No dealings in the Securities may take place prior to the Issue Date.

	(xi) Amount of any expenses and taxes specifically charged to the subscriber or purchaser:	Apart from the Offer Price, the Issuer is not aware of any expenses and taxes specifically charged to the subscriber or purchaser.
		Prior to making any investment decision, investors should seek independent professional advice as they deem necessary.
	(xii) Name(s) and address(es), to the extent	Barclays Bank PLC
	known to the Issuer, of the placers in the	Sucursal em Portugal
various countries where the offer takes	Torre Oriente Avenida do Colégio Militar, 37F 11º
	place:	1500-180 Lisboa
		Portugal
		(the "Distributor")

Schedule

(i)	Valuation Date(i)	Specified Early Cash Redemption Date(i)
$\mathcal{P}$	25 April 2013	30 April 2013
3	28 October 2013	31 October 2013
4	25 April 2014	30 April 2014
5	28 October 2014	31 October 2014
6	27 April 2015	30 April 2015
7	28 October 2015	2 November 2015

Valuation Date(i) / Specified Early Cash Redemption Date(i)