Barclays PLC — Capital/Financing Update 2012

Oct 7, 2012

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

GBP 10,000,000 Index Linked Notes due September 2018 (the "Notes")

Series NX000104731

under the Global Structured Securities Programme

Issue Price: 96 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 14 June 2012, 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

Final Terms dated 5 October 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.

Index disclaimer:

FTSE 100

The Securities are not in any way sponsored, endorsed, sold or promoted by FTSE International Limited ("FTSE") or by the London Stock Exchange Plc (the "Exchange") or by The Financial Times Limited ("FT") and neither FTSE nor the Exchange nor the FT makes any warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the FTSE 100 (the "FTSE Index") and/or the figure at which the said FTSE Index stands at any particular time on any particular day or otherwise. The FTSE Index is compiled and calculated by FTSE. However, neither FTSE nor the Exchange nor FT shall be liable (whether in negligence or otherwise) to any person for any error in the FTSE Index and neither FTSE or Exchange or FT shall be under any obligation to advise any person of any error therein.

"FTSE®", "FT-SE®" and "Footsie®" are trade marks of the London Stock Exchange Plc and The Financial Times Limited and are used by FTSE International Limited under licence. "All-World", "All-Share" and "All-Small" are trade marks of FTSE International Limited

S&P 500 Index

The Securities are not sponsored, endorsed, sold or promoted by Standard & Poor's Financial Services LLC ("S&P") or its third party licensors. Neither S&P nor its third party licensors makes any representation or warranty, express or implied, to the owners of the Securities or any member of the public regarding the advisability of investing in securities generally or in the Securities particularly or the ability of the S&P 500 (the "S&P Index") to track general stock market performance. S&P's and its third party licensor's only relationship to the Issuer is the licensing of certain trademarks and trade names of S&P and the third party licensors and of the S&P Index which is determined, composed and calculated by S&P or its third party licensors without regard to the Issuer or the Securities. S&P and its third party licensors have no obligation to take the needs of the Issuer or the owners of the Securities into consideration in determining, composing or calculating the S&P Index. Neither S&P nor its third party licensors is responsible for and has not participated in the determination of the prices and amount of the Securities or the timing of the issuance or sale of the Securities or in the determination or calculation of the equation by which the Securities is to be converted into cash. S&P has no obligation or liability in connection with the administration, marketing or trading of the Securities.

NEITHER S&P, ITS AFFILIATES NOR THEIR THIRD PARTY LICENSORS GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE S&P INDEX OR ANY DATA INCLUDED THEREIN OR ANY COMMUNICATIONS, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATIONS (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P, ITS AFFILIATES AND THEIR THIRD PARTY LICENSORS SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS OR DELAYS THEREIN. S&P MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE MARKS, THE S&P INDEX OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P, ITS AFFILIATES OR THEIR THIRD PARTY LICENSORS BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE OR CONSEQUENTIAL DAMAGES, INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE.

Standard & Poor's® and S&P® are trademarks of Standard & Poor's Financial Services LLC, and have been licensed for use by the Issuer.

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
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 AND THE BASE PROSPECTUS, SEE "PURCHASE AND SALE" IN THE BASE PROSPECTUS.

1	Series:	NX000104731
2	Currency:	Pound Sterling ("GBP")
3	Notes:	Applicable
	(i) Aggregate Nominal Amount as at the Issue Date:	GBP 10,000,000
	(ii) Specified Denomination:	GBP 1
	(iii) Minimum Tradable Amount:	N/A
	(iv) Calculation Amount as at the Issue Date:	Specified Denomination 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.
	(iv) Provisions relating to redenomination:	Applicable
4	Certificates:	N/A
5	Form:
	(i) Global/Definitive/Uncertificated and dematerialised:	Global Bearer Securities: 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:	26 July 2012
7	Issue Date:	5 October 2012
8	Redemption Date:	The fifth Business Day immediately following the Final Valuation Date, scheduled to be 5 October 2018. Where:
		"Final Valuation Date" means 28 September 2018.
9	Issue Price:	96 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
12	Interest:	Applicable
13	Interest Amount:	0.52 per cent. per Calculation Amount payable on each Interest Payment Date

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:	Each date as set out in Schedule 2 under the heading "Interest Payment Dates".
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
25	Settlement Method:	For the purposes of Condition 5.1 of the Base Conditions: Cash Settlement
26	Settlement Currency:	GBP
27	Settlement Number:	As defined in Condition 24 of the Base Conditions
28	Terms relating to Cash Settled Securities:
	(i) Final Cash Settlement Amount:	Provided that no event that may lead to the early redemption or termination of the Securities has occurred prior to the Redemption Date as determined by the Determination Agent, on the Redemption Date, each Security will be redeemed by the Issuer at a cash amount per Calculation Amount determined by the Determination Agent in accordance with the following: (a) if a Trigger Event has not occurred a cash amount equal to the Calculation Amount. (b) if a Trigger Event has occurred, a cash amount equal to the lower of either: (i) the Calculation Amount; or
		(ii) the Calculation Amount multiplied by the

Valuation Price of the Worst Performing Basket Constituent on the Final Valuation Date and divided by the Strike Price of the Worst Performing Basket Constituent.

Where:

"Barrier Period End Date" means the Final Valuation Date.

"Barrier Period Start Date" means the Initial Valuation Date.

"Barrier Level" means, in respect of a Basket Constituent, 50 per cent. of the Initial Price of that Basket Constituent.

"Initial Price" or "V(i)Initial " means, in respect of a Basket Constituent, the Valuation Price of that Basket Constituent at the Valuation Time on the Initial Valuation Date.

"Initial Valuation Date" means 28 September 2012.

"Strike Price" means, in respect of a Basket Constituent, 100 per cent. of the Initial Price of that Basket Constituent.

"Trigger Event" shall be deemed to have occurred if the Valuation Price of any Basket Constituent, as determined by the Determination Agent, on any Scheduled Trading Day, from and including the Barrier Period Start Date to and including the Barrier Period End Date is equal to or less than the Barrier Level for such Basket Constituent.

"Valuation Price" means, in respect of the relevant Basket Constituent, the price of that Basket Constituent at the Valuation Time on any Scheduled Trading Day, as determined by the Determination Agent.

"V(i)Final " means the Valuation Price of the relevant Basket Constituent on the Final Valuation Date.

"Worst Performing Basket Constituent" means the Basket Constituent with the lowest performance calculated as follows:

$$
\frac{V_{(i)Final}}{V_{(i)Initial}}
$$

Provided that where more than one Basket

Constituent has the same lowest performance, the Determination Agent shall in its sole discretion select which of the Basket Constituents with the same lowest performance shall be the Worst Performing Basket Constituent.

	(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:	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	Index Linked Securities (Equity indices only):		Applicable
	(i)	Index/Indices (each a "Reference Asset"):	A basket of 2 indices (each an "Index" or a "Basket Constituent") as set out in the Schedule. Any Basket Constituent stated as being an "Index" represents a notional investment in such index with a notional investment size of 1 Reference Asset Currency per index point.
	(ii)	Future Price Valuation:	N/A
	(iii)	Exchange-traded Contract:	N/A
	(iv)	Exchanges:	In respect of each Basket Constituent, as set out in Schedule 1
	(v)	Related Exchanges:	In respect of each Basket Constituent, All Exchanges
	(vi)	Exchange Rate:	N/A
	(vii)	Weighting for each Reference Asset comprising the Basket of Reference Assets:	N/A
	(viii)	Index Level of each Reference	The Valuation Price

Asset:

	(ix)	Valuation Date:	The Initial Valuation Date and the Final Valuation Date
	(x)	Valuation Time:	As defined in the Equity Linked Annex
	(xi)	Averaging:	N/A
	(xii)	Additional Disruption Event in respect of Index Linked Securities:	N/A
	(xiii)	FX Disruption Event:	N/A
	(xiv)	FX Inbound Valuation Disruption Event:	N/A
	(xv)	ODI Early Redemption Event:	N/A
	(xvi)	FINI Early Redemption Event:	N/A
	(xvii)	Local Jurisdiction Taxes and Expenses:	N/A
	(xviii)	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 Linked Securities (Section 3 of the Barclays Index Annex):	N/A
	I	Barclays FX Index Linked Securities (Section 4 of the Barclays Index Annex):	N/A
		(d) Barclays Interest Rate Index Linked Securities (Section 5 of the Barclays Index Annex):	N/A
	Linked	(e) Barclays Emerging Market Index Securities (Section 6 of the Barclays Index Annex):	N/A
43		Bond Linked Securities:	N/A
44		Fund Linked Securities:	N/A
45		Settlement in respect of VP Notes, APK Registered Securities, Dutch Securities,	N/A

	Swedish Registered Securities, VPS
	Registered Securities or Spanish Securities:
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):	TARGET
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	(a) Details relating to Partly Paid Securities:	N/A
	(b) Details relating to Instalment Notes:	N/A
55	Relevant securities codes:	ISIN: XS0784043290
		Common Code: 078404329
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:	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:	N/A

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

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

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

Information on the FTSE 100 Index (including past and further performance and volatility) is published on Reuters page: .FTSE and information on S&P 500 Index (including past and further performance and volatility) is published on Reuters page: .SPX

Investors should note that historical performance should not be taken as an indication of future performance.

The Issuer does not intend to provide post-issuance information.

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

N/A

10 Operational Information

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
Offer Information
Offer Price:	Issue Price
	The Issue Price includes a commission element shared with a third party which will be no more than 2 per cent. of the Issue Price. Further details of the commission element are available upon request from the Distributor.
Conditions to which the offer is subject:	The Issuer reserves the right to withdraw the offer for Securities at any time on or prior to the end of the Offer Period.
	Following withdrawal of the offer, if any application

otherwise acquire the Securities and any applications will be automatically cancelled and any purchase money will be refunded to the applicant by the Distributor in accordance with the Distributor's usual procedures.

Description of the application process: An offer of the Securities may be made by the Manager or the Distributor other than pursuant to Article 3(2) of the Prospectus Directive in the United Kingdom (the "Public Offer Jurisdiction") during the period from and including 1 August 2012 to and including 28 September 2012 (the "Offer Period").

Applications for the Securities can be made in the Public Offer Jurisdiction through the Distributor in the Public Offer Jurisdiction during the Offer Period. The Securities will be placed into the Public Offer Jurisdiction by the Distributor. Distribution will be in accordance with the Distributor's usual procedures, notified to investors by the Distributor.

Details of the minimum and/or maximum amount of application:

Description of possibility to reduce subscriptions and manner for refunding excess amount paid by applicants:

Details of method and time limits for paying up and delivering the Securities:

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

Procedure for exercise of any right of preemption, negotiability of subscription rights and treatment of subscription rights not exercised:

Categories of prospective investors to which the Securities are offered and whether tranche(s) have been reserved for certain countries:

The minimum and maximum amount of application from the Distributor will be notified to investors by the Distributor.

Subscription orders may be reduced in case of oversubscription, excess amount of funds paid being reduced without delay with no entitlement for compensation.

Investors will be notified by the Distributor of their allocations of Securities and the settlement arrangements in respect thereof.

Not Applicable

Not Applicable

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

Process for notification to applicants of the amount allotted and indication whether dealing may begin before notification is made:

Each investor will be notified by the Distributor of its allocation of Securities at the time of such investor's application.

No dealings in the Securities may take place prior to the Issue Date.

Not Applicable

Amount of any expenses and taxes specifically charged to the subscriber or purchaser:

Name(s) and address(es), to the extent known to the Issuer, of the placers in the various countries where the offer takes place:

Meteor Asset Management Limited (the "Distributor") 55 King William Street London EC4R 9AD

Schedule 1

Basket of Indices

i	Name	Type	Bloomberg Code (for identification purposes only)	Index Sponsor	Exchange	Reference Asset Currency
1	FTSE 100 Index	Index	UKX	FTSE International Limited	London Stock Exchange	GBP
2	S&P 500 Index	Index	SPX	Standard & Poor's	Multi-exchange Index	USD

Schedule 2

N	Interest Payment Dates
1	29-Oct-12
2	28-Nov-12
3	28-Dec-12
4	28-Jan-13
5	28-Feb-13
6	28-Mar-13
7	29-Apr-13
8	28-May-13
9	28-Jun-13
10	29-Jul-13
11	28-Aug-13
12	30-Sep-13
13	28-Oct-13
14	28-Nov-13
15	30-Dec-13
16	28-Jan-14
17	28-Feb-14
18	28-Mar-14
19	28-Apr-14
20	28-May-14
21	30-Jun-14
22	28-Jul-14
23	28-Aug-14
24	29-Sep-14
25	28-Oct-14
26	28-Nov-14

27	29-Dec-14
28	28-Jan-15
29	27-Feb-15
30	30-Mar-15
31	28-Apr-15
32	28-May-15
33	29-Jun-15
34	28-Jul-15
35	28-Aug-15
36	28-Sep-15
37	28-Oct-15
38	30-Nov-15
39	28-Dec-15
40	28-Jan-16
41	29-Feb-16
42	28-Mar-16
43	28-Apr-16
44	30-May-16
45	28-Jun-16
46	28-Jul-16
47	29-Aug-16
48	28-Sep-16
49	28-Oct-16
50	28-Nov-16
51	28-Dec-16
52	30-Jan-17
53	28-Feb-17
54	28-Mar-17
55	28-Apr-17

56	2 9 -May -17
57	2 8 -Jun -17
58	2 8 -Jul -17
59	2 8 -Aug -17
60	2 8 -Sep -17
61	30 -Oct -17
62	2 8 -Nov -17
63	2 8 -Dec -17
64	2 9 -Jan -18
65	2 8 -Feb -18
66	2 8 -Mar -18
67	30 -Apr -18
68	2 9 -May -18
69	2 8 -Jun -18
70	30 -Jul -18
71	2 8 -Aug -18
72	28 -Sep -18