Barclays PLC — Capital/Financing Update 2012

Aug 6, 2012

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

USD 10,000,000 FX Linked Notes due August 2014 (the "Notes")

Series NX000104447

under the Global Structured Securities Programme

Issue Price: 100 per cent. of par

This document constitutes the final terms of the Securities (the "Final Terms") described herein for the purposes of Article 5.4 of 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 14 June 2012, as supplemented and amended from time to time (the "Base Prospectus"), which constitutes a 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

Final Terms dated 6 August 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.

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 14 June 2012.

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.

1	(i)	Series:	NX000104447
	(ii)	Tranche:	1
2	Currency:		United States Dollar ("USD")
3	Notes:		Applicable
	(i)	Aggregate Nominal Amount as at the Issue Date:	USD 10,000,000
	(ii)	Specified Denomination:	USD 150,000 and integral multiples of USD 1,000 in excess thereof up to and including USD 299,000. Securities will not be issued in definitive form with a Specified Denomination above USD 299,000.
	(iii)	Minimum Tradable Amount:	N/A
	(iv)	Calculation Amount as at the Issue	USD 1,000
		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.
	(v)	Provisions relating to redenomination:	N/A
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 July 2012
7	Issue Date:		6 August 2012
8	Redemption Date:		6 August 2014
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
12	Interest:		N/A

13	Interest Amount:	N/A
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:	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
25	Settlement Method:	For the purposes of Condition 5.1 of the Base Conditions: Cash Settlement
26	Settlement Currency:	USD
27	Settlement Number:	As defined in Condition 24 of the Base Conditions
28	Terms relating to Cash Settled Securities:
	(i) Final Cash Settlement Amount:	(a) If CNY Performance is greater than 0 per cent., the Final Cash Settlement Amount will be an amount calculated as follows:

Calculation Amount + (Calculation Amount x Participation x CNY Performance)

(b) If CNY Performance is less than or equal to 0 per cent., the Final Cash Settlement Amount will be USD 1,000 per Calculation Amount.

Where:

"CNY Performance" will be calculated as follows:

$$
\frac{USD-CNY_{\text{srike}}-USD-CNY_{\text{final}}}{USD-CNY_{\text{srike}}}
$$

"Final Valuation Date" means 23 July 2014.

"Participation" means 243 per cent.

"Strike Date" means 24 July 2012.

				Final Valuation Date.		"USD-CNYfinal" means the Specified Rate on the
				Strike Date, being 6.3339.		"USD-CNYStrike" means the Specified Rate on the
	(ii)	Early Cash Settlement Amount:	As	defined Conditions	in	Condition	24	of	the	Base
	(iii)	Early Cash Redemption Date:	As	defined Conditions	in	Condition	24	of	the	Base
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	N/A
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"):		(the "FX Rate")		The value of units of CNY per one unit of USD
	(ii)	FX Rate Source(s):		Reuters Page SAEC
	(iii)	Specified Time:	09:15 Beijing time
	(iv)	Specified Rate:	The FX Rate determined by reference to the FX Rate Source at the Specified Time.
	(v)	Spot Rate:	N/A
	(vi)	Principal Financial Centre:	N/A
	(vii)	Elective FX Disruption Event:	N/A
	(viii)	FX Disruption Events:	N/A
	(ix)	Valuation Date:	The Strike Date and the Final Valuation Date

	(x)	Valuation Time:	N/A
	(xi)	Averaging:	N/A
	(xii)	Rate Calculation Date:	Valuation Date
			Provided that if a Rate Calculation Date is not a Beijing Business Day, such Valuation Date will be adjusted in accordance with the Business Day Convention set out in paragraph 39(xiii) below.
			Where:
			"Beijing Business Day" means 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 Beijing.
	(xiii)	Business Day Convention relating to Valuation Date	Modified Following
40		Credit Linked Securities:	N/A
41		Commodity Linked Securities:	N/A
42	(a) Annex):	Barclays Commodity Index Linked Securities (Section 2 of the Barclays Index	N/A
		(b) Barclays Equity Index Linked 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
	Annex):	(d) Barclays Interest Rate Index Linked Securities (Section 5 of the Barclays Index	N/A
	Annex):	(e) Barclays Emerging Market Index Linked Securities (Section 6 of the Barclays Index	N/A
43		Bond Linked Securities:	N/A
44		Fund Linked Securities:	N/A
45	Swedish	Settlement in respect of VP Notes, APK Registered Securities, Dutch Securities, Registered Securities, VPS Registered Securities or Spanish Securities:	N/A
46		Additional provisions relating to Taxes and Settlement Expenses:	N/A

47	Business Day:	As defined in Condition 24 of the Base Conditions
48	Additional Business Centre(s):	N/A
49	Non-US Selling Restrictions:	As described in the Base Prospectus
50	Applicable TEFRA exemption:	N/A
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: XS0784034976
		Common Code: 078403497
56	Modifications to the Master Subscription Agreement and/or Agency Agreement:	N/A

57 Additional Conditions and/or modification to the Conditions of the Securities:

Postponement of Payments and Delivery:

If a date used to determine a payment or entitlement is postponed, then the relevant date for payment or delivery shall be the later of (i) the scheduled date for payment or delivery, and (ii) the second Business Day following the latest date on which a price or level is determined.

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
	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

Past and future performance and volatility of the FX Rate can be obtained from Reuters Page SAEC.

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

11 Offer Information

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