Obligation Barclay PLC 1.006% ( US06741TJZ12 ) en USD

Barclay PLC

100 % ▲

Royaume-Uni

US06741TJZ12 ( en USD )

1.006% par an ( paiement semestriel )

28/11/2022 - Obligation échue

Prospectus brochure de l'obligation Barclays PLC US06741TJZ12 en USD 1.006%, échue

1 000 USD

1 990 000 USD

06741TJZ1

A ( Qualité moyenne supérieure )

NR

Barclays PLC est une banque multinationale britannique offrant une large gamme de services financiers, notamment la banque de détail, la gestion de patrimoine, la banque d'investissement et les cartes de crédit, opérant dans de nombreux pays à travers le monde.

L'Obligation émise par Barclay PLC ( Royaume-Uni ) , en USD, avec le code ISIN US06741TJZ12, paye un coupon de 1.006% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 28/11/2022

L'Obligation émise par Barclay PLC ( Royaume-Uni ) , en USD, avec le code ISIN US06741TJZ12, a été notée NR par l'agence de notation Moody's.

L'Obligation émise par Barclay PLC ( Royaume-Uni ) , en USD, avec le code ISIN US06741TJZ12, a été notée A ( Qualité moyenne supérieure ) par l'agence de notation Standard & Poor's ( S&P ).

http://www.sec.gov/Archives/edgar/data/312070/000110465912079910/a12-25958_26424b2.htm
424B2 1 a12-25958_26424b2.htm 424B2 - 10Y FIXED TO CAPPED FLOATER

CALCULATION OF REGISTRATION FEE

Title of Each Class of Securities Offered
Maximum Aggregate Offering Price
Amount of Registration Fee(1)

Global Medium-Term Notes, Series A
$1,990,000
$271.44

(1) Calculated in accordance with Rule 457(r) of the Securities Act of 1933

1 of 13
11/26/2012 4:18 PM

http://www.sec.gov/Archives/edgar/data/312070/000110465912079910/a12-25958_26424b2.htm

Pricing Supplement dated November 23, 2012

Filed Pursuant to Rule 424(b)(2)
(To Prospectus dated August 31, 2010 and
Registration No. 333-169119
the Prospectus Supplement dated May 27, 2011)

US$1,990,000
CAPPED FIXED-TO-FLOATING RATE NOTES DUE NOVEMBER 28, 2022

Principal Amount:
US$1,990,000
Issuer:
Barclays Bank PLC

Issue Price:
Variable Price Re-Offer
Series:
Global Medium-Term Notes, Series A

Return at Maturity:
If you hold the Notes to maturity, you will receive at
Original Issue Date:
November 28, 2012
least 100% of your principal, subject to the

creditworthiness of Barclays Bank PLC. The
Notes are not, either directly or indirectly, an
obligation of any third party, and any payment to be
made on the Notes, including any principal
protection provided at maturity, depends on the
ability of Barclays Bank PLC to satisfy its
obligations as they come due.

Original Trade Date:
November 23, 2012
Maturity Date:
November 28, 2022

CUSIP:
06741TJZ1
Denominations:
Minimum denominations of US$1,000 and integral
multiples of US$1,000 thereafter.

ISIN:
US06741TJZ12

Interest Rate Type:

Day Count Convention:

x Regular Floating Rate
o Actual/360
o NL/365
o Inverse Floating Rate (see page S-41 of the prospectus supplement for a description of inverse
x 30/360
o 30/365
floating rate Notes)
o Actual/Actual
o Actual/366
o Actual/365
o Actual/252 or Business Days/252

Reference Asset/Reference Rate:
o CD Rate
o Federal Funds (Effective) Rate
o Prime Rate
o CMS Rate
o Federal Funds (Open) Rate
o Treasury Rate
o CMT Rate (Reuters Screen FRBCMT Page)
o EURIBOR
o Other
o Commercial Paper Rate
x LIBOR
o Eleventh District Cost of Funds Rate
Designated LIBOR Page: Reuters: LIBOR01
Index Maturity:
3-month

Interest Rate:
For each Interest Period commencing on or after the Original Issue Date, to but excluding November 28, 2013: the Initial Interest Rate

For each Interest Period commencing on or after November 28, 2013, the interest rate per annum wil be equal to Reference Rate plus the Spread, subject
to the Maximum Interest Rate

Initial Interest Rate:
4.00% per annum

2 of 13
11/26/2012 4:18 PM

http://www.sec.gov/Archives/edgar/data/312070/000110465912079910/a12-25958_26424b2.htm
Spread:
0.75% per annum

Maximum Interest Rate:
6.00% per annum

Business Day:
x New York
Business Day Convention:
x Following
x London
o Modified Fol owing
o Euro
o Preceding
o Other ( )
o Adjusted or x Unadjusted

Interest Payment Dates:
o Monthly, x Quarterly, o Semi-Annual y, o Annually,

payable in arrears on the 28 day
th
of each February, May, August and November, commencing on February 28, 2013 and ending on the Maturity Date.

Interest Period:
The initial Interest Period wil begin on, and include, the Original Issue Date and end on, but exclude, the first Interest Payment Date. Each subsequent
Interest Period wil begin on, and include, the Interest Payment Date for the immediately preceding Interest Period and end on, but exclude, the next
fol owing Interest Payment Date. The final Interest Period wil end on, but exclude, the Maturity Date.

Interest Reset Dates:
For any Interest Period commencing on or after November 28, 2013, the first day of such period

Interest Determination Dates:
Two London Business Days prior to the relevant Interest Reset Date.

Settlement:
DTC; Book-entry; Transferable.

Listing:
The Notes wil not be listed on any U.S. securities exchange or quotation system.

Agent:
Barclays Capital Inc.

Barclays Capital Inc. has agreed to purchase the Notes from us at 100% of the principal amount minus a commission equal to $21.25 per $1,000 principal amount, or 2.125%, resulting in
aggregate proceeds to Barclays Bank PLC of $1,947,712.50. Barclays Capital Inc. proposes to offer the Notes from time to time for sale in negotiated transactions, or otherwise, at varying
prices to be determined at the time of each sale. Barclays Capital Inc. may also use all or a portion of its commissions on the Notes to pay selling concessions or fees to other dealers.

The Notes will not be listed on any U.S. securities exchange or quotation system. Neither the Securities and Exchange Commission nor any state securities commission has approved or
disapproved of these securities or determined that this pricing supplement is truthful or complete. Any representation to the contrary is a criminal offense.

We may use this pricing supplement in the initial sale of Notes. In addition, Barclays Capital Inc. or another of our affiliates may use this pricing supplement in market resale transactions in any Notes after
their initial sale. Unless we or our agent informs you otherwise in the confirmation of sale, this pricing supplement is being used in a market resale transaction.

Any payment on the Notes is subject to the creditworthiness of the Issuer and is not guaranteed by any third party. For a description of risks with respect to the ability of Barclays Bank PLC to satisfy its
obligations as they come due, see "Issuer Credit Risk" in this pricing supplement.

Investing in the Notes involves a number of risks. See "Risk Factors" beginning on page S-6 of the prospectus supplement and "Selected Risk Factors" below.

The Notes constitute our direct, unconditional, unsecured and unsubordinated obligations and are not deposit liabilities of Barclays Bank PLC and are not insured by the U.S. Federal
Deposit Insurance Corporation or any other governmental agency of the United States, the United Kingdom or any other jurisdiction.

3 of 13
11/26/2012 4:18 PM

http://www.sec.gov/Archives/edgar/data/312070/000110465912079910/a12-25958_26424b2.htm

We urge you to consult your investment, legal, tax, accounting and other advisers and to invest in the Notes only after you and your advisors have
carefully considered the suitability of an investment in the Notes in light of your particular circumstances.

Barclays Bank PLC has filed a registration statement (including a prospectus) with the SEC for the offering to which this pricing supplement relates.
Before you invest, you should read the prospectus dated August 31, 2010, the prospectus supplement dated May 27, 2011, and other documents
Barclays Bank PLC has filed with the SEC for more complete information about Barclays Bank PLC. and this offering. Buyers should rely upon this
pricing supplement, the prospectus, the prospectus supplement, and any relevant free writing prospectus for complete details. You may get these
documents and other documents Barclays Bank PLC has filed for free by visiting EDGAR on the SEC website at www.sec.gov, and you may also
access the prospectus and prospectus supplement through the links below:

·
Prospectus dated August 31, 2010:

http://www.sec.gov/Archives/edgar/data/312070/000119312510201448/df3asr.htm

·
Prospectus Supplement dated May 27, 2011:

http://www.sec.gov/Archives/edgar/data/312070/000119312511152766/d424b3.htm

Our Central Index Key, or CIK, on the SEC website is 0000312070.

Alternatively, Barclays Capital Inc. or any agent or dealer participating in this offering will arrange to send you this pricing supplement, the
prospectus, the prospectus supplement and any relevant free writing prospectus if you request it by calling your Barclays Capital Inc. sales
representative, such dealer or 1-888-227-2275 (Extension 2-3430). A copy of the prospectus may be obtained from Barclays Capital Inc., 745 Seventh
Avenue--Attn: US InvSol Support, New York, NY 10019.

We reserve the right to change the terms of, or reject any offer to purchase the Notes prior to their issuance. In the event of any changes to the terms of the
Notes, we wil notify you and you wil be asked to accept such changes in connection with your purchase. You may also choose to reject such changes in which
case we may reject your offer to purchase.

As used in this term sheet, the "Company," "we," "us," or "our" refers to Barclays Bank PLC.

4 of 13
11/26/2012 4:18 PM

http://www.sec.gov/Archives/edgar/data/312070/000110465912079910/a12-25958_26424b2.htm

SELECTED RISK FACTORS

An investment in the Notes involves significant risks. You should read the risks summarized below in connection with, and the risks summarized
below are qualified by reference to, the risks described in more detail in the "Risk Factors" section beginning on page S-6 of the prospectus
supplement. We urge you to consult your investment, legal, tax, accounting and other advisers and to invest in the Notes only after you and your
advisors have carefully considered the suitability of an investment in the Notes in light of your particular circumstances.

·
Issuer Credit Risk-- The Notes are our unsecured debt obligations, and are not, either directly or indirectly, an obligation of any third party. Any

payment to be made on the Notes, including any principal protection provided at maturity, depends on our ability to satisfy our obligations as they come
due. As a result, the actual and perceived creditworthiness of Barclays Bank PLC may affect the market value of the Notes and, in the event we were to
default on our obligations, you may not receive the principal protection or any other amounts owed to you under the terms of the Notes.

·
Reference Rate / Interest Payment Risk--Because the Interest Rate on the Notes (after the Initial Interest Period during which a fixed Initial Interest

Rate is payable) is a floating rate, you wil be exposed to risks not associated with a conventional fixed-rate debt instrument. These risks include
fluctuation of the applicable Interest Rate and the possibility that, for any given Interest Period, you may receive a lesser amount of interest than for one
or more prior Interest Periods. We have no control over a number of matters that may affect interest rates, including economic, financial and political
events that are important in determining the existence, magnitude and longevity of these risks and their results. In recent years, interest rates have been
volatile, and volatility also could be characteristic of the future. In addition, the floating Interest Rate for the Notes may be less than the floating rate
payable on a similar Note or other instrument of the same maturity issued by us or an issuer with the same or a comparable credit rating.

·
Maximum Interest Rate--The Interest Rate on the Notes for any Interest Period commencing on or after November 28, 2013 wil be limited to the

specified Maximum Interest Rate. As a result, in the event that the Interest Rate otherwise calculated for any applicable Interest Period exceeds the
Maximum Interest Rate, your interest payment for the relevant Interest Period wil reflect the Maximum Interest Rate, and you wil lose the benefit of any
interest payment that would have been payable had such Maximum Interest Rate not been applicable.

·
Certain Built-In Costs Are Likely to Adversely Affect the Value of the Notes Prior to Maturity--While the payment at maturity described in this

pricing supplement is based on the ful principal amount of your Notes, the original issue price of the Notes includes the agent's commission and the cost
of hedging our obligations under the Notes through one or more of our affiliates. As a result, the price, if any, at which Barclays Capital Inc. and other
affiliates of Barclays Bank PLC wil be wil ing to purchase Notes from you in secondary market transactions wil likely be lower than the price you paid for
your Notes, and any sale prior to the Maturity Date could result in a substantial loss to you.

·
Potential Conflicts--We and our affiliates play a variety of roles in connection with the issuance of the Notes, including hedging our obligations under the

Notes. In performing these duties, the economic interests of our affiliates of ours are potential y adverse to your interests as an investor in the Notes.

In addition, Barclays Wealth, the wealth management division of Barclays Capital Inc., may arrange for the sale of the Notes to certain of its clients. In
doing so, Barclays Wealth wil be acting as agent for Barclays Bank PLC and may receive compensation from Barclays Bank PLC in the form of
discounts and commissions. The role of Barclays Wealth as a provider of certain services to such customers and as agent for Barclays Bank PLC in
connection with the distribution of the Notes to investors may create a potential conflict of interest, which may be adverse to such clients. Barclays
Wealth is not acting as your agent or investment adviser, and is not representing you in any capacity with respect to any purchase of Notes by you.
Barclays Wealth is acting solely as agent for Barclays Bank PLC. If you are considering whether to invest in the Notes through Barclays Wealth, we
strongly urge you to seek independent financial and investment advice to assess the merits of such investment.
5 of 13
11/26/2012 4:18 PM

http://www.sec.gov/Archives/edgar/data/312070/000110465912079910/a12-25958_26424b2.htm

·
Lack of Liquidity--The Notes wil not be listed on any securities exchange. Barclays Capital Inc. and other affiliates of Barclays Bank PLC intend to

make a secondary market for the Notes but are not required to do so, and may discontinue any such secondary market making at any time, without
notice. Barclays Capital Inc. may at

PS-1
6 of 13
11/26/2012 4:18 PM

http://www.sec.gov/Archives/edgar/data/312070/000110465912079910/a12-25958_26424b2.htm

any time hold unsold inventory, which may inhibit the development of a secondary market for the Notes. Even if there is a secondary market, it may not
provide enough liquidity to allow you to trade or sell the Notes easily. Because other dealers are not likely to make a secondary market for the Notes, the
price at which you may be able to trade your Notes is likely to depend on the price, if any, at which Barclays Capital Inc. and other affiliates of Barclays
Bank PLC are wil ing to buy the Notes. The Notes are not designed to be short-term trading instruments. Accordingly, you should be able and wil ing to
hold your Notes to maturity.

·
Many Economic and Market Factors Will Impact the Value of the Notes--The value of the Notes wil be affected by a number of economic and

market factors that may either offset or magnify each other, including:

o
the time to maturity of the Notes;

o
interest and yield rates in the market general y;

o
a variety of economic, financial, political, regulatory or judicial events; and

o
our creditworthiness, including actual or anticipated downgrades in our credit ratings.

HYPOTHETICAL INTEREST RATE AND INTEREST PAYMENT CALCULATIONS

As described above, after the initial Interest Periods for which the Initial Interest Rate is payable, the effective per annum Interest Rate Notes payable on the
Notes on each Interest Payment Date wil be a floating rate calculated as described under Interest Rate above. The fol owing il ustrates the process by which the
Interest Rate and interest payment amount are determined for a particular Interest Period where the floating rate applies.

Step 1: Determine the value of the Reference Rate for the Interest Period.

For each Interest Period commencing on or after November 28, 2013, a per annum value for the Reference Rate is determined on the relevant Interest Reset
Date by observing the applicable Reference Rate on the Interest Determination Date relating to that Interest Reset Date. For further information concerning the
Interest Determination Dates for the Reference Rate, see "Interest Mechanics--How Floating Interest Rates Are Reset" in the prospectus supplement.

Step 2: Calculate the per annum Interest Rate for the Interest Period by adding the Spread and the Reference Rate while taking into account the
Maximum Interest Rate for that Interest Period.

For each Interest Period commencing on or after November 28, 2013, once the Calculation Agent has determined the value of the Reference Rate, the
Calculation Agent wil then determine the per annum Interest Rate for that Interest Period by first adding the Reference Rate and the Spread and then assessing
the sum relative to the Maximum Interest Rate. The per annum Interest Rate for that Interest Period wil be the sum of the Reference Rate and the Spread
unless such sum is greater than the Maximum Interest Rate.

If the sum of the Reference Rate and the Spread is greater than the Maximum Interest Rate, the Interest Rate for that Period wil be the Maximum Interest Rate.

Note that the applicable Maximum Interest Rate increases for different Interest Periods as specified on the cover hereof. For purposes of these examples, a
Maximum Interest Rate of 6.00% is assumed.

The fol owing examples il ustrate how the Interest Rate for the particular Interest Period where a floating rate applies would be calculated:

7 of 13
11/26/2012 4:18 PM

http://www.sec.gov/Archives/edgar/data/312070/000110465912079910/a12-25958_26424b2.htm
Example 1:
The per annum Interest Rate equals the Reference Rate plus the Spread

Based on a hypothetical Reference Rate equal to 4.00% and the specified Spread of 0.75%, the Interest Rate would be equal to 4.75% (the Reference Rate plus
the Spread).

Example 2:
The per annum Interest Rate equals the Maximum Interest Rate

Based on the Maximum Interest Rate of 6.00% and a hypothetical Reference Rate equal to 5.50% and the Spread of 0.75%, the per annum Interest Rate
(without taking the Maximum Interest Rate into account) would equal 6.25% (the Reference Rate plus the Spread). However, because of the Maximum Interest
Rate of 6.00%, the hypothetical per annum Interest Rate for the relevant Interest Period would instead be equal to the Maximum Interest Rate of 6.00%.

PS-2
8 of 13
11/26/2012 4:18 PM

http://www.sec.gov/Archives/edgar/data/312070/000110465912079910/a12-25958_26424b2.htm

Step 3: Calculate the interest payment amount payable for each Interest Payment Date.

For each Interest Period, once the Calculation Agent has determined the applicable per annum Interest Rate, the Calculation Agent wil calculate the effective
interest rate for that Interest Period by multiplying the per annum Interest Rate determined for that Interest Period by the applicable day count fraction. The
resulting effective interest rate is then multiplied by the relevant principal amount of the Notes to determine the actual interest amount payable on the related
Interest Payment Date.

PS-3
9 of 13
11/26/2012 4:18 PM

http://www.sec.gov/Archives/edgar/data/312070/000110465912079910/a12-25958_26424b2.htm

UNITED STATES FEDERAL INCOME TAX TREATMENT

The fol owing discussion (in conjunction with the discussion in the prospectus supplement) summarizes certain of the material U.S. federal income tax
consequences of the purchase, beneficial ownership, and disposition of Notes.

We intend to treat the Notes as variable rate debt instruments subject to taxation as described under the heading "Certain U.S. Federal Income Tax
Considerations--U.S. Federal Income Tax Treatment of the Notes as Indebtedness for U.S. Federal Income Tax Purposes--Variable Rate Debt Instruments" in
the prospectus supplement (including the original issue discount provisions described thereunder). Pursuant to the terms of the Notes, you agree to treat the
Notes consistent with our treatment for al U.S. federal income tax purposes.

Because Barclays Capital Inc. proposes to offer the Notes at varying prices, the "issue price" of the Notes for federal income tax purposes may differ from the
amount you pay for the Notes or from their principal amount. You may obtain the issue price of each Note by contacting Director -- Structuring, Investor
Solutions Americas at (212) 412-1101. If you purchase the Notes for an amount that exceeds their issue price, the Notes may have acquisition premium and you
may be entitled to reduce your original issue discount inclusions in respect of the Notes. See "Certain U.S. Federal Income Tax Considerations--U.S. Federal
Income Tax Treatment of the Notes as Indebtedness for U.S. Federal Income Tax Purposes--Market Discount and Premium" in the prospectus supplement. Any
IRS Form 1099-OID you receive in respect of the Notes wil not reflect any adjustment for acquisition premium, and you should consult your own tax advisor
regarding the adjustment.

3.8% Medicare Tax On "Net Investment Income"

Beginning in 2013, U.S. holders that are individuals, estates, and certain trusts wil be subject to an additional 3.8% tax on all or a portion of their "net investment
income," which may include the interest payments, any original issue discount, and any gain realized with respect to the Notes, to the extent of their net
investment income that, when added to their other modified adjusted gross income, exceeds $200,000 for an unmarried individual, $250,000 for a married
taxpayer filing a joint return (or a surviving spouse), or $125,000 for a married individual filing a separate return. U.S. holders should consult their advisors with
respect to the 3.8% Medicare tax.

Information Reporting

Holders that are individuals (and, to the extent provided in future regulations, entities) may be required to disclose information about their Notes on IRS
Form 8938--"Statement of Specified Foreign Financial Assets" if the aggregate value of their Notes and their other "specified foreign financial assets" exceeds
$50,000. Significant penalties can apply if a holder fails to disclose its specified foreign financial assets. We urge you to consult your tax advisor with respect to
this and other reporting obligations with respect to your Notes.

Non-U.S. Holders

Barclays currently does not withhold on interest payments to non-U.S. holders in respect of instruments such as the Notes. However, if Barclays determines that
there is a material risk that it wil be required to withhold on any such payments, Barclays may withhold on such payments at a 30% rate, unless non-U.S. holders
have provided to Barclays an appropriate and valid Internal Revenue Service Form W-8. In addition, non-U.S. holders wil be subject to the general
rules regarding information reporting and backup withholding as described under the heading "Certain U.S. Federal Income Tax Considerations--Information
Reporting and Backup Withholding" in the accompanying prospectus supplement.

PROSPECTIVE PURCHASERS SHOULD CONSULT THEIR TAX ADVISORS AS TO THE FEDERAL, STATE, LOCAL, AND OTHER TAX CONSEQUENCES TO
10 of 13
11/26/2012 4:18 PM