Private and Confidential

FOR DISCUSSION PURPOSES ONLY

Page1 of 16
30 September 2010
Please See Important Disclaimer and Risk Warnings on Final Page of this Indicative Term Sheet

5 Year EUR Note Linked to the Barclays Capital ComBATS 6
Index with VOLT overlay
Commodity Investor SoIutions 30 September 2010
Wim Nagler +44 207 77 36352 wim.nagler@barcap.com
Indicative Term Sheet
THIS TERM SHEET IS A SUMMARY ONLY. THE FULL TERMS AND CONDITIONS OF THE NOTES (THE
CONDITIONS) WILL BE SET OUT IN THE FINAL TERMS WHICH AMEND AND/OR SUPPLEMENT THE
CONDITIONS IN THE BASE PROSPECTUS DATED 30 JUNE 2010 (THE BASE PROSPECTUS) RELATING TO
THE ISSUERS RETAIL STRUCTURED SECURITIES PROGRAMME. TERMS USED BUT NOT OTHERWISE DEFINED
HEREIN SHALL HAVE THE MEANINGS ASSIGNED TO SUCH TERMS IN THE BASE PROSPECTUS.

PRIOR TO MAKING ANY INVESTMENT DECISION, INVESTORS SHOULD:
- SEEK PROFESSIONAL ADVICE;
- SATISFY THEMSELVES THAT THEY FULLY UNDERSTAND THE RISKS RELATING TO THE NOTES; AND
- READ THIS TERM SHEET, THE FINAL TERMS AND THE BASE PROSPECTUS.

THE RISK FACTORS SET OUT IN THIS TERM SHEET AND THE BASE PROSPECTUS HIGHLIGHT SOME, BUT NOT
ALL, OF THE RISKS OF INVESTING IN THESE SECURITIES.

Product Name 5 Year EUR 3,000,000 Commodity Linked Note
Product Description 5 year 100% principal protected note in EUR, linked to the performance
of VOLT on Barclays Capital ComBATS 6 Index
Highlights - 5 year term
- Exposure to Barclays Capital ComBATS 6 Index with volatility-
targeting of 5% applied
- Redeems at par plus 100% of the positive return of VOLT on Barclays
Capital ComBATS 6 Index
- VOLT is a volatility targeting methodology developed by Barclays; it is
designed to maintain its realized volatility close to a Target Volatility
Level. This is achieved by a dynamic modification of the exposure to
Barclays Capital ComBATS 6 Index, based on the difference between
the Target Volatility Level and the 40-Days Realised Volatility of the
Barclays Capital ComBATS 6 Index
- The Target Volatility Level is 5%
- Offers 100% principal protection if held to scheduled maturity
- Knock-Out: the Participation is reduced to 0% if the VOLT on Barclays
Capital ComBATS 6 Index trades below 50% of its strike on any
Private and Confidential

FOR DISCUSSION PURPOSES ONLY



Page2 of 16
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Commodity Business Day.
These Notes are 100% principal-protected when held to their
scheduled maturity. In the event that Notes are sold prior to maturity
or are redeemed prior their maturity due to early redemption,
Noteholders may receive less than 100% of the Denomination.


Issuer Barclays Bank PLC (Barclays)
Issuers Current Rating AA- by S&P / Aa3 by Moodys
Aggregate Principal Amount of
the Notes
EUR 3,000,000
Specified Denomination EUR 1000
Minimum Settlement Amount EUR 1000
Trade Date [TBD]
Public Offering Period [TBD]
Public Offering The Netherlands
Issue Date [TBD]
Strike Date [TBD]
Valuation Date [TBD]
Pricing Dates Each Commodity Business Day from (and including) the date falling 40
Commodity Business Days prior to the Strike Date to (and including) the
Valuation Date
Maturity Date [TBD]
Issue Price 100% of par
Re-offer Price 97.50% of par
Commodity Index Barclays Capital ComBATS 6 Index
Provisions Relating to Redemption
Calculation Amount per
Security
Specified Denomination
Relevant Commodity Price For any Pricing Date, the price of the Commodity Index, determined with
respect to that day for the specified Commodity Reference Price.
Commodity Reference Price The price for a Pricing Date will be that days Specified Price for the
Barclays Capital ComBATS 6 Excess Return Index (the Commodity
Index), stated in U.S. Dollars, published by Barclays Capital or its
successor (the Index Sponsor), and displayed on Bloomberg page
BCCAC06P <Index> that displays prices effective on that Pricing Date.
Specified Price Official settlement price
Settlement Method Cash
Settlement Currency EUR
Final Redemption Amount On the Maturity Date, each Note will be redeemed by the Issuer at its
Private and Confidential

FOR DISCUSSION PURPOSES ONLY



Page3 of 16
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Final Redemption Amount as determined by the Determination Agent in
accordance with the following:

- If the Relevant Commodity Price is equal to or greater than the
Barrier Level on each Commodity Business Day from the Strike
Date to the Valuation Date, the Final Redemption Amount,
determined with respect to the Valuation Date, shall be an
amount calculated in accordance with the following formula:

)
`

+ 100 , 0 * 100
Initial
Final
JOLT
JOLT
Max ion Participat N
- Otherwise:

N * 100%

Where:
N means Calculation Amount per Security;
VOLT
Initial
means the level of VOLT on the Strike Date, being
1,000.000;
VOLT
Final
means the level of VOLT on the Valuation Date, calculated in
accordance with Calculation of VOLT Provisions below;
Participation means 100%;
Barrier Level means 50% of Index Initial; and
Index Initial means the Relevant Commodity Price for the Commodity
Index on the Strike Date.
Calculation of VOLT Provisions
VOLT Calculation Date Each Commodity Business Day during the VOLT Calculation Period.
VOLT Calculation Period From and including the Strike Date to and including the Valuation Date
VOLT With respect to each VOLT Calculation Date
t
, the level of VOLT can be
determined by the formula:

+ =

1 1
1
1 1
t
t
t t t
P
P
DL JOLT JOLT
Where:
VOLT
t-1
means the level of VOLT on the VOLT Calculation Date
t-1
,
provided that VOLT
0
shall be equal to 1,000;
P
t
means the Relevant Commodity Price of the Commodity Index on
the VOLT Calculation Date
t
;
P
t-1
means the Relevant Commodity Price of the Commodity Index on
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the immediately preceding VOLT Calculation Date
t-1
, provided that P
0

shall be equal to the Relevant Commodity Price of the Commodity Index
on the Strike Date;
DL
t-1
means the Dynamic Leverage on the immediately preceding
VOLT Calculation Date
t-1

Dynamic Leverage (DL) With respect to each VOLT Calculation Date
t
, the level of Dynamic
Leverage will be determined by the following formula, as the Target
Volatility (
Tgt
o ) divided by the Realized Volatility (
t
RJ ) capped at Max
Leverage (CAP):
On VOLT Calculation Date
0
:
(

=
0
0
, min
RJ
CAP DL
Tgt
o

On any VOLT Calculation Date
t
, if a Rebalancing Event has occurred,
then Dynamic Leverage is calculated as follows:
(

=
t
Tgt
t
RJ
CAP DL
o
, min

Otherwise Dynamic Leverage shall be the Dynamic Leverage for the
immediately preceding VOLT Calculation Date
t-1
, i.e.
1
=
t t
DL DL
Rebalancing Event With respect to each VOLT Calculation Date
t
, a Rebalancing Event shall
be deemed to have occurred on that VOLT Calculation Date
t
if on such
date, the Target Volatility (
Tgt
o ) divided by the Realized Volatility (
t
RJ )
differs from the preceding VOLT Calculation Date
t-1
Dynamic Leverage
(DL
t-1
) by more than the Threshold Level (TL), i.e. :
if
Target Volatility (
Tgt
o ) / Realized Volatility (
t
RJ ) < preceding Dynamic
Leverage (DL
t-1
) + Threshold Level (TL)
or
Target Volatility (
Tgt
o ) / Realized Volatility (
t
RJ ) > Dynamic Leverage
(DL
t-1
) - Threshold Level (TL)

Where :
1 t
DL means the Dynamic Leverage calculated on the immediately
preceding VOLT Calculation Date
t-1

Target Volatility (
Tgt
o )
5%
Max Leverage (CAP) 100%
Threshold Level (TL) 10%
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Volatility Calculation Period
t
With respect to each VOLT Calculation Date
t
, means the period from and
including 40 Commodity Business Days before VOLT Calculation Date
t
to
and including the Commodity Business Day immediately preceding
VOLT Calculation Date
t

Realized Volatility (
t
RJ )
With respect to each VOLT Calculation Date
t
, means the realized
volatility over the Volatility Calculation Period
t
calculated as follows:

| |
2
1
40
1
39
252

=
=
t
t f
t
f t
LR LR RJ

where:
LR
j
is the continuously compounded daily return of the Commodity
Index, which for any Pricing Date
j
is determined by the following
formula:

f
LR means
|
|
.
|

\
|
1 f
f
P
P
Ln
Where:
Ln denotes the natural logarithm,
P
j
means the Relevant Commodity Price of the Commodity Index on
the Pricing Date
j
and
P
j-1
means the Relevant Commodity Price of the Commodity Index on
Pricing Date
j-1
,
P
0
shall be equal to the Relevant Commodity Price of the Commodity
Index on the Strike Date.
Where j is negative, the Pricing Date shall be the day falling j Commodity
Business Days before the Strike Date.

" t LR is the historical 40-days arithmetic average of continuously
compounded daily returns determined by the following formula:
t LR means
40
1

=
t
t f
f
LR
39


Other Provisions
Commodity Index Disclaimer As set out in the Annex hereto.
Commodity Market Disruption
Events and Disruption Fallbacks
If, in the opinion of the Determination Agent, a Commodity Market
Disruption Event has occurred and is continuing on any Pricing Date (or,
if different, the day on which prices for that Pricing Date would, in the
ordinary course, be published by the Price Source), the Relevant
Commodity Price for that Pricing Date will be determined by the
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Determination Agent in accordance with the first applicable Disruption
Fallback that provides a Relevant Commodity Price.
Where a Commodity Market Disruption Event means, the occurrence of
any of the following events:
(i) a temporary or permanent failure by the applicable exchange
or other price source to announce or publish (a) the final
settlement price for the Commodity Reference Price or (b)
closing price for any futures contract included in the
Commodity Reference Price;
(ii) a material limitation, suspension or disruption of trading in one
or more of the futures contracts included in the Commodity
Reference Price; or
(iii) the closing price for any futures contract included in the
Commodity Reference Price is a limit price, which means that
the closing price for such contract for a day has increased or
decreased from the previous days closing price by the
maximum amount permitted under applicable exchange rules.
Where a Disruption Fallback means the following source or method
that gives rise to an alternative basis for determining the Relevant
Commodity Price in respect of a specified Commodity Reference Price
when a Commodity Market Disruption Event occurs or exists on a day
that is a Pricing Date:

(i) with respect to each futures contract included in the
Commodity Reference Price which is not affected by the
Commodity Market Disruption Event, the Relevant Commodity
Price will be based on the closing prices of each such contract
on the applicable determination date;
(ii) with respect to each futures contract included in the
Commodity Reference Price which is affected by the
Commodity Market Disruption Event, the Relevant Commodity
Price will be based on the closing prices of each such contract
on the first day following the applicable determination date on
which no Commodity Market Disruption Event is occurring with
respect to such contract;
(iii) subject to Clause (iv) below, the Determination Agent shall
determine the Relevant Commodity Price by reference to the
closing prices determined in Clauses (i) and (ii) above using the
then-current method for calculating the Relevant Commodity
Price; and
(iv) where a Commodity Market Disruption Event with respect to
one or more futures contracts included in the Commodity
Reference Price continues to exist (measured from and
including the first day following the applicable determination
date) for five consecutive Trading Days, the Determination
Agent shall determine the Relevant Commodity Price in a
commercially reasonable manner.
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Adjustments to Commodity
Index
(a) If the Commodity Index is permanently cancelled or the Commodity
Reference Price is not calculated and announced by the sponsor of
such Commodity Index or any of its affiliates (together the
Sponsor) but (i) is calculated and announced by a successor
sponsor (the Successor Sponsor) acceptable to the Determination
Agent, or (ii) replaced by a successor index (the Successor Index)
using, in the determination of the Determination Agent, the same or
a substantially similar formula for and method of calculation as used
in the calculation of the Relevant Commodity Price, then the
Relevant Commodity Price will be deemed to be the price so
calculated and announced by that Successor Sponsor or that
Successor Index, as the case may be.
(b) If the Determination Agent determines that (i) the Sponsor makes a
material change in the formula for or the method of calculating the
RelevantCommodity Price or in any other way materially modifies
such Commodity Index (other than a modification prescribed in that
formula or method to maintain the Relevant Commodity Price in the
event of changes in constituent commodities and weightings and
other routine events), or (ii) the Sponsor permanently cancels the
Commodity Index or (iii) the Sponsor fails to calculate and announce
the Commodity Index for a continuous period of three Trading Days
and the Determination Agent determines that there is no Successor
Sponsor or Successor Index (such events (i) (ii) and (iii) to be
collectively referred to as Index Adjustment Events), then the
Determination Agent may at its option (in the case of (i)) and shall
(in the case of (ii) and (iii)) calculate the Relevant Commodity Price
using in lieu of the published level for that Commodity Index (if any),
the level for that Commodity Index as at the relevant determination
date as determined by the Determination Agent in accordance with
the formula for and method of calculating that Commodity Index
last in effect prior to the relevant Index Adjustment Event, but using
only those futures contracts that comprised that Commodity Index
immediately prior to the relevant Index Adjustment Event (other
than those futures contracts that have ceased to be listed on any
relevant exchange).
(c) In the event that the Determination Agent determines that it can no
longer continue to calculate such Index, the Determination Agent
may, in its sole discretion, deem such Index Adjustment Event to
constitute an Early Redemption Event for the purposes of this
provisions and shall adjust, redeem, cancel and/or take any other
necessary action in accordance with the Early Redemption Events
provisions in the Base Prospectus.
Additional Disruption Events The Issuer may on giving not less than 10 Business Days notice to the
Securityholders, redeem all (but not some) of the Securities early at the
Early Redemption Amount on the Early Redemption Date if any of the
following events occur:
Change in Law Applicable;
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Issuer Tax Event Applicable;
Hedging Disruption Applicable;
[Increased Cost of Hedging Applicable;
Currency Disruption Event] Applicable,
provided that Change in Law, Hedging Disruption and Increased Cost of
Hedging shall each be as described in the Base Prospectus.
Issuer Tax Event shall mean the imposition of any withholding or
deduction on any payments in respect of the Securities by or on behalf of
the Issuer.
Currency Disruption Event shall mean, with respect to a Series of
Securities, the occurrence or official declaration of an event impacting
one or more Currencies that the Issuer, in its sole and absolute discretion,
determines would materially disrupt or impair its ability to meet its
obligations in the Settlement Currency or otherwise settle, clear, or hedge
such Series of Securities.
Series shall mean the Securities of each original issue together with the
Securities of any further issues expressed to be consolidated to form a
single Series with the Securities of an original issue.
Currency(ies) shall mean with respect to a country, the lawful currency of
such country.
Settlement Currency shall mean Specified Currency.
Early Redemption Amount Such amount as determined by the Determination Agent acting in a
commercial manner.
Early Redemption Date The 5th Business Day after an early redemption notice is given by or on
behalf of the Issuer to the Noteholder
General Provisions
Programme Barclays Bank PLC Retail Structured Securities Programme
Status Unsecured and Unsubordinated
Business Days for Payment TARGET and London
Business Days London and Frankfurt
Business Day Convention Modificd Following
Commodity Business Day Means (a) where the Commodity Reference Price is a price announced
or published by an Exchange, a day that is (or would have been, but for
the occurrence of a Commodity Market Disruption Event) a day on
which that Exchange is open for trading during its regular trading
session, notwithstanding any such Exchange closing prior to its
scheduled closing time and (b) where the Commodity Reference Price is
not a price announced or published by an Exchange, a day in respect of
which the relevant Price Source published (or would have published, but
for the occurrence of a Commodity Market Disruption Event) a price.
Commodity Business Day
Convention
Following
Settlement Cash
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Listing Euronext (Amsterdam)
ISIN/WKN TBD
Determination Agent Barclays Bank PLC
Relevant Clearing Systems Euroclear / Clearstream, Luxembourg
Governing Law German Law
Documentation To be issued under the Barclays Bank PLC Retail Structured Securities
Programme
Selling Restrictions Selling restrictions: USA and U.K. (scc Pricing Supplcmcnt)
Indicative Prices In order to ensure a secondary market for the Notes, Barclays Bank PLC
(Barclays) hereby agrees:
a) Daily Indicative Prices: to provide daily indicative prices of the
Notes by publication on Reuters or other similar pricing source;
and
b) Indicative Bid Prices: subject to (i) the existence of normal market
and funding conditions as determined by Barclays in its sole
discretion; and (ii) applicable laws and regulations upon request by
any Securityholder, and offer prices for the Notes with a view to
agreeing the offer or repurchase of such Notes within a reasonable
period thereafter.
c) Bid-Offer Spread: Where Barclays does provide an Indicative Bid
Price in accordance with the above paragraph, the bid-offer
spread, in normal market conditions, is expected to be 2%.
For the avoidance of doubt this provision does not amount to a
commitment to make a market on any day at any price.
Risk Warnings These Notes are 100% principal-protected when held to their scheduled
maturity. In the event that Notes are sold prior to maturity or are
redeemed prior to maturity due to early redemption, Noteholders may
receive less than 100% of the Denomination.
Confidentiality On receipt of this indicative term sheet, the recipient agrees to maintain
the confidentiality of its contents.
Private and Confidential

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Page10 of 16
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Annex A
Commodity Index Description
arclays Capital ComATS 6 Index
Thc 8arclays Capital Commodity 8ascd Alpha Trading Stratcgy 6 Lxccss Rcturn lndcx (thc "lndcx") rcflccts
thc pcrformancc of a markct ncutral alpha stratcgy that aims to cxploit thc commodity curvc shapc bascd
on thc 8arclays Capital Momcntum Alpha Stratcgy. Thc lndcx sccks to capturc thc potcntial rclativc
outpcrformancc of long positions in 8arclays Capital Momcntum Alpha indiccs and cquivalcnt short
positions in corrcsponding ncarby indiccs. Thc Momcntum Alpha indiccs mcasurc thc pcrformancc of
holding and rolling futurcs contracts sclcctcd according to momcntum of historical outpcrformancc. Thc
lndcx is calculatcd 8arclays Capital, thc invcstmcnt banking division of 8arclays 8ank PLC (thc "lndcx
Sponsor").
Thc lndcx is compriscd of a baskct of tcn singlc commodity indcx longshort pairs sclcctcd to providc a
balancc of scctor and commodity wcights, as sct out in Tablc 1 (thc "Index Components"). Thc long lndcx
Componcnts arc 8arclays Capital Momcntum Alpha commodity indiccs, whilc thc short lndcx Componcnts
arc 8arclays Capital Ncarby commodity indiccs. Lach lndcx Componcnt has an absolutc targct wcight of
bctwccn 5% and 15%, sct out in Tablc 1. Thc cxposurc to cach indcx Componcnt is rcsct back to thcsc
targct wcights oncc a month.
Likc othcr cxccss rcturn commodity indiccs, thc lndcx givcs cxposurc to an uncollatcraliscd invcstmcnt in
thc lndcx Componcnts.
Table 1: Index Components and Target Weights
Commodity Momentum Alpha index
Component Target Weights
Nearby Index Component Target
Weights
WTl Crudc 10% -10%
Natural Cas 10% -10%
Hcating Oil 10% -10%
Aluminium 10% -10%
Coppcr 10% -10%
Nickcl 5% -5%
Zinc 5% -5%
Whcat 15% -15%
Sugar 10% -10%
Lcan Hogs 15% -15%
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Sum 100% -100%

arclays Capital ARCS Momentum Alpha Index Methodology
Thc 8arclays Capital Momcntum Alpha lndcx Mcthodology is applicd to a numbcr of 8arclays Capital
Singlc Commodity lndcx (Scrics 2), cach a Momcntum Alpha lndcx Componcnt, using a proprictary
algorithm to dynamically ad|ust cxposurc across thc commodity tcrm structurc. Thc Momcntum Alpha
lndcx Mcthodology sccks to locatc thc position on thc curvc with thc highcst historical outpcrformancc,
or "alpha", comparcd with thc ncarby position. Thc pcrformancc of thc diffcrcnt parts of thc curvc is
mcasurcd using ccrtain dcfcrrcd indiccs. A dcfcrrcd indcx tracks thc pcrformancc of holding and rolling
thc futurcs contracts that would bc in thc rclatcd ncarby indcx a spccificd numbcr of calcndar months in
thc futurc.
At any givcn timc, a Momcntum Alpha singlc commodity lndcx has a hypothctical long futurcs contract
position for that commodity that corrcsponds to thc ncarby, onc-month-dcfcrrcd, two-month-dcfcrrcd or
fivc-month-dcfcrrcd lndcx, which has cxhibitcd thc highcst historical alpha.
arclays Capital Single Commodity Index Rules (Series 2)
Thc ncarby lndcx Componcnts arc calculatcd by thc lndcx Sponsor in accordancc with thc 8arclays Capital
Singlc Commodity lndcx (Scrics 2). Thcsc ncarby lndcx Componcnts havc bccn constructcd to offcr
invcstors a sct of indiccs that track thc pcrformancc of holding and rolling thc first ncarby futurcs contract
in rcspcct of thc commodity includcd in that indcx.
Index Calculation and Publication
Thc lndcx Sponsor will calculatc a daily valuc for thc 8arclays Capital Com8ATS 6 Lxccss Rcturn lndcx for
cach indcx busincss day. Thc lndcx Sponsor will publish thc indcx valuc as soon as rcasonably practicablc
on or aftcr cach indcx busincss day, sub|cct to thc occurrcncc of forcc ma|curc cvcnts or disruption cvcnts.
For furthcr information on thc calculation of thc lndcx, thc affcct of ccrtain markct disruption cvcnts, as
wcll dctails rcgarding thc calculation timing and publication of thc lndcx lcvcl, potcntial invcstors should
rcfcr to thc "Rulcs for thc managcmcnt of thc 8arclays Capital Com8ATS 6 lndcx (availablc upon rcqucst
although you may bc askcd to sign a non-disclosurc agrccmcnt).



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Annex B
Commodity Index Disclaimer


Barclays Bank PLC (Barclays). All rights reserved. Barclays makes no representation or warranty, express or
implied, to the Securityholders or any member of the public regarding the advisability of investing in securities
generally or other instruments or related derivatives or in the Securities particularly or the ability of the
Barclays Capital proprietary indices described herein (together, the Proprietary Indices), to track the
performance of any market. Barclays has no obligation to take the needs of any Securityholder or any member
of the public into consideration in determining, composing or calculating the Proprietary Indices. Barclays, as
index sponsor of the Proprietary Indices, is not responsible for and has not participated in the determination of
the timing of, prices at, or quantities of the Securities to be issued or in the determination or calculation of the
equation by which the Securities is to be converted into cash. Barclays, as index sponsor of the Proprietary
Indices, has no obligation or liability in connection with the administration, marketing or trading of the
Securities.

BARCLAYS DOES NOT GUARANTEE AND SHALL HAVE NO LIABILITY TO THE SECURITYHOLDERS OR TO
THIRD PARTIES FOR THE QUALITY, ACCURACY AND/OR COMPLETENESS OF THE BARCLAYS INDICES, OR
ANY DATA INCLUDED THEREIN OR FOR INTERRUPTIONS IN THE DELIVERY OF THE BARCLAYS INDICES.
BARCLAYS MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND HEREBY EXPRESSLY DISCLAIMS ALL
WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO
THE PROPRIETARY INDICES OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE
FOREGOING, IN NO EVENT SHALL BARCLAYS HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT,
OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH
DAMAGES.
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Risk Factors

THESE RISK FACTORS HIGHLIGHT ONLY SOME OF THE RISKS OF INVESTING IN THE SECURITIES DESCRIBED
IN THIS TERM SHEET (THE PRODUCT). YOU MUST ALSO READ THE RISK FACTORS IN THE BASE
PROSPECTUS. SEEK PROFESSIONAL ADVICE BEFORE MAKING ANY INVESTMENT DECISION.

Potential Conflicts of Interest
Potential conflicts of interest may exist in the internal teams and divisions within Barclays Capital and therefore
in the course of normal business operations of the Index Sponsor and other divisions and teams of Barclays
Capital and/or any of its affiliates.

During the course of normal business operations, the Index Sponsor, as a research team within Barclays Capital
may determine, calculate and publish the Index, while another team within Barclays Capital may issue, enter
into, promote, offer or sell transactions or investments linked, in whole or in part, to the Index. In addition,
another team within Barclays Capital may have, or may have had, interests or positions, or may buy, sell or
otherwise trade positions in or relating to the underlying assets linked to the Index. Such activities may or may
not have an impact on the level of the Index. In view of the different roles performed by Barclays Capital
through the various teams, Barclays Capital as an entity is subject to potential conflicts of interests.

Adjustments, Suspension and Termination of the Index
While the Index Sponsor currently employs the methodology ascribed to the Index (and application of such
methodology shall be conclusive and binding), no assurance can be given that market, regulatory, juridical,
financial, fiscal or other circumstances (including, but not limited to, any changes to or any suspension or
termination of or any other events affecting any constituent within the Strategy Index) will not arise that
would, in the view of the Index Sponsor, necessitate an adjustment, modification or change of such
methodology. The Index Sponsor may also, in its sole and absolute discretion, at any time and without notice,
adjust, suspend or terminate the Index. The Index Sponsor is also under no obligation to continue the
calculation, publication and dissemination of the Index. Any such adjustment, suspension, termination or non-
publication may have a negative impact on the Transaction.

Lack of Operating History
The Index may be only recently established and therefore have no history to evaluate its likely performance.

Past Performance
Any data on past performance, modelling, scenario analysis or back-testing contained herein is no indication as
to future performance. No representation is made as to the reasonableness of the assumptions made within or
the accuracy or completeness of any modelling, scenario analysis or back-testing. Any opinions and estimates
given are given as of the date hereof and are subject to change. The value of any investment may fluctuate as a
result of market changes. The Index is not intended to predict actual results and no assurances are given with
respect thereto.

Extraordinary and Force Majeure Events
It should be noted that the Index is subject to certain extraordinary and force majeure events, including, but not
limited to, any modification to, or cancellation of, the Index or any elimination or exchange of any index
component or constituent, the consequences of which may have a negative impact upon the performance of
the Index.

Ambiguities in respect of the Index Rules (if any)
Private and Confidential

FOR DISCUSSION PURPOSES ONLY



Page14 of 16
30 September 2010
Please See Important Disclaimer and Risk Warnings on Final Page of this Indicative Term Sheet

Whilst the Documented Rules (if any) are intended to be comprehensive, ambiguities may arise. In such
circumstances the Index Sponsor will resolve such ambiguities in good faith and a reasonable manner and, if
necessary, amend the Index Rules to reflect such resolution.

MARKLT
DISRUPTION
MARKLTS MAY 8LCOML DlSRUPTLD. Local markct disruptions can havc a global cffcct.
Markct disruption can advcrscly affcct thc pcrformancc of thc Product.
SLCONDARY
MARKLT
THLRL MAY NOT ALWAYS 8L A SLCONDARY MARKLT FOR THL PRODUCT. lf a sccondary
markct cxists, priccs in that markct may bc lowcr than thc issuc pricc or purchasc pricc of
thc Product.
CRLDIT RISK THlS PRODUCT 8LARS 8ARCLAYS' CRLDlT RlSK. A dcclinc in 8arclays' crcditworthincss
will rcducc thc markct valuc of thc Product. lf 8arclays bccomcs insolvcnt it will not bc
ablc to mcct its paymcnt obligations undcr thc Product.
CRLDIT
RATINCS
A rating is not a rccommcndation as to 8arclays' crcditworthincss or thc risks, rcturns or
suitability of thc Product. Crcdit ratings may bc lowcrcd or withdrawn without noticc.
VOLATILITY THL PRODUCT MAY 8L VOLATlLL. Thc lcvcl of changc in valuc of a Product is its
"volatility". Thc Product's volatility may bc affcctcd by pcrformancc of thc undcrlying
asscts, along with financial, political and cconomic cvcnts and othcr markct conditions.
STRUCTURLD
PRODUCTS
THlS lS A STRUCTURLD PRODUCT. lts rcturn may diffcr from thosc of thc undcrlying
financial asscts it rcfcrcnccs.
INTLRLST RATL
RISK
THlS PRODUCT CARRlLS lNTLRLST RATL RlSK. Changcs in intcrcst ratcs will impact thc
pcrformancc of thc Product. lntcrcst ratcs tcnd to changc suddcnly and unprcdictably.
NO DIRLCT
CLAIM AND NO
INVLSTMLNT IN
UNDLRLYINC
ASSLTS
You havc no intcrcst or right in thc undcrlying asscts rcfcrcnccd, unlcss you havc a
spccific right to physical dclivcry of thc undcrlying asscts at maturity. 8uying thc Product
is not thc samc as a dircct invcstmcnt in thc undcrlying asscts. Thc markct valuc of this
Product may not rcflcct movcmcnts in thc pricc of thc undcrlying asscts.
PAYMLNTS Paymcnts from 8arclays may bc sub|cct to dcductions for tax, duty, withholding or othcr
rcquircd paymcnts.
SLTTLLMLNTS Thcrc is a risk of failurc or dclay in paymcnts by 8arclays, thc custodian , clcaring systcm
or othcr third party paying agcnts or intcrmcdiarics.
COMINATION
RISK
THlS PRODUCT COM8lNLS lNVLSTMLNT TYPLS. lt dcpcnds on thc pcrformancc and
intcraction of scvcral diffcrcnt typcs of financial risk. Diffcrcnt catcgorics of financial risks
may intcract in unprcdictablc ways, particularly in timcs of markct strcss.
CONILICTS OI
INTLRLST
8ARCLAYS lS A MARKLT PARTlClPANT. lts gcncral trading and hcdging activity may
advcrscly affcct thc Product. 8arclays and its associatcs may havc positions or dcal in
financial instrumcnts idcntical or similar to thosc dcscribcd hcrcin. 8arclays and its
associatcs may also act in various capacitics or functions in rclation to this Product.
HLDCINC 8arclays may at any timc cstablish, maintain, ad|ust or unwind hcdgc positions in rcspcct
of its obligations undcr thc Product, but it is not obligcd to do so. Hcdging activity may
advcrscly affcct thc valuc of asscts undcrlying thc Product and thc pcrformancc of thc
Product.
RLCULATORY
DISCLOSURL
8arclays may disclosc any information rclating to your invcstmcnt in thc Product which is
rcquircd by rcgulators.
LARLY
RLDLMPTION
ON LARLY RLDLMPTlON THL PRODUCT MAY RLTURN LLSS THAN YOUR ORlClNAL
lNVLSTMLNT OR THL PROTLCTLD AMOUNT. Thc carly rcdcmption amount will takc
account of thc costs of tcrminating hcdging and funding arrangcmcnts rclating to thc
Product. This may rcducc thc amount payablc to you.
PLRIORMANCL THL PLRFORMANCL OF COMMODlTlLS lN AN lNDLX lS UNPRLDlCTA8LL. Commodity
Private and Confidential

FOR DISCUSSION PURPOSES ONLY



Page15 of 16
30 September 2010
Please See Important Disclaimer and Risk Warnings on Final Page of this Indicative Term Sheet

OI COMMODITY
INDICLS
priccs arc inhcrcntly volatilc and may bc affcctcd by numcrous factors including liquidity,
supply and dcmand, markct activity, rcgulatory intcrvcntion, civil action, natural disastcr
and othcr gcopolitical circumstanccs. You should rcgard commodity indcx linkcd products
as high risk.
COMMODITY
INDLX
COMPONLNTS
COMMODlTY lNDlCLS MAY RLFLRLNCL lLLlQUlD FUTURLS CONTRACTS. Thc priccs for
such futurcs contracts may diffcr significantly from undcrlying commodity priccs.
INDLX SPONSOR
ACTION
THL lNDLX SPONSOR MAY CHANCL THL COMMODlTY lNDLX. lt may ad|ust thc
composition or calculation mcthodology and may suspcnd or canccl thc commodity
indcx. This will affcct thc pcrformancc of thc Product
COMMODITY
INDLX
SUSTITUTION
THL COMMODlTY lNDLX MAY 8L SU8STlTUTLD lN CLRTAlN ClRCUMSTANCLS. Such
action may ncgativcly affcct thc valuc and pcrformancc of thc Product.
POTLNTIAL
CONILICTS OI
INTLRLST
Potcntial conflicts of intcrcst may cxist in thc intcrnal tcams and divisions within 8arclays
Capital and thcrcforc in thc coursc of normal busincss opcrations of thc lndcx Sponsor
and othcr divisions and tcams of 8arclays Capital and/or any of its affiliatcs.

During thc coursc of normal busincss opcrations, thc lndcx Sponsor, as a rcscarch tcam
within 8arclays Capital may dctcrminc, calculatc and publish thc Commodity lndcx, whilc
anothcr tcam within 8arclays Capital may issuc, cntcr into, promotc, offcr or scll
transactions or invcstmcnts linkcd, in wholc or in part, to thc Commodity lndcx. ln
addition, anothcr tcam within 8arclays Capital may havc, or may havc had, intcrcsts or
positions, or may buy, scll or othcrwisc tradc positions in or rclating to thc undcrlying
asscts linkcd to thc Commodity lndcx. Such activitics may or may not havc an impact on
thc lcvcl of thc Commodity lndcx. ln vicw of thc diffcrcnt rolcs pcrformcd by 8arclays
Capital through thc various tcams, 8arclays Capital as an cntity is sub|cct to potcntial
conflicts of intcrcsts

AD[USTMLNTS,
SUSPLNSION
AND
TLRMINATION
OI THL
PROPRILTARY
INDLX
Whilc thc lndcx Sponsor currcntly cmploys thc mcthodology ascribcd to thc Commodity
lndcx (and application of such mcthodology shall bc conclusivc and binding), no
assurancc can bc givcn that markct, rcgulatory, |uridical, financial, fiscal or othcr
circumstanccs (including, but not limitcd to, any changcs to or any suspcnsion or
tcrmination of or any othcr cvcnts affccting any constitucnt within thc Stratcgy lndcx)
will not arisc that would, in thc vicw of thc lndcx Sponsor, ncccssitatc an ad|ustmcnt,
modification or changc of such mcthodology. Thc lndcx Sponsor may also, in its solc and
absolutc discrction, at any timc and without noticc, ad|ust, suspcnd or tcrminatc thc
lndcx. Thc lndcx Sponsor is also undcr no obligation to continuc thc calculation,
publication and disscmination of thc Commodity lndcx. Any such ad|ustmcnt, suspcnsion,
tcrmination or non-publication may havc a ncgativc impact on thc Sccuritics.






Private and Confidential

FOR DISCUSSION PURPOSES ONLY



Page16 of 16
30 September 2010
Please See Important Disclaimer and Risk Warnings on Final Page of this Indicative Term Sheet


GlNlkAL OlSCLAlMlk

INDICATIVL
TLRMS ONLY
THlS DOCUMLNT lS AN lNDlCATlVL SUMMARY OF THL PRODUCT. lt has bccn prcparcd
by 8arclays Capital, thc invcstmcnt banking division of 8arclays 8ank PLC ("8arclays"). lt
is sub|cct to changc.
NO OIILR THlS DOCUMLNT lS FOR lNFORMATlON PURPOSLS ONLY AND lS NOT 8lNDlNC.
8arclays is not offcring to scll or sccking offcrs to buy thc Products dcscribcd in this
documcnt. Any transaction rcquircs 8arclays' subscqucnt formal agrccmcnt which will
bc sct out in binding transaction documcnts and which is sub|cct to intcrnal approvals.
OTHLR RISKS THlS DOCUMLNT DOLS NOT AND CANNOT DlSCLOSL ALL POSSl8LL RlSKS RLLATlNC
TO THL PRODUCT. 8cforc invcsting, you must satisfy yoursclf that you fully undcrstand
thc Product and thc risks of invcsting in it.
NO ADVISORY
RLLATIONSHIP
YOU SHOULD O8TAlN lNDLPLNDLNT PROFLSSlONAL ADVlCL 8LFORL lNVLSTlNC lN
THL PRODUCT. 8arclays is not your advisor or fiduciary. ln any rcsulting transaction,
8arclays will act as principal. lt is not advising or rccommcnding invcstmcnt in thc
Product or making any rcprcscntations as to suitability.
THIRD PARTY
INIORMATION
8arclays is not rcsponsiblc for thc accuracy or complctcncss of information statcd to bc
obtaincd or dcrivcd from third party sourccs or statistical scrviccs.
RLCULATORY
DISCLOSURL
lf you on-scll any Product dcscribcd hcrcin, you will comply with all applicablc
rcgulations, and to thc cxtcnt rcquircd you will fully disclosc any fccs or commissions
rcccivcd or paid by you in conncction with such Product.
PULIC
OIILRINCS
YOU ARL RLSPONSl8LL FOR COMPLYlNC WlTH ANY APPLlCA8LL LAWS AND
RLCULATlONS lF YOU OFFLR, SLLL, RLSLLL OR DLLlVLR THL PRODUCT OR DlSTRl8UTL
ANY OFFLRlNC MATLRlAL RLLATlNC TO SUCH PRODUCT TO THL PU8LlC lN ANY
lURlSDlCTlON.
AOUT
ARCLAYS
8arclays is authoriscd and rcgulatcd by thc UK Financial Scrviccs Authority and a
mcmbcr of thc London Stock Lxchangc. 8arclays 8ank PLC is rcgistcrcd in Lngland No.
1026167. Rcgistcrcd Officc: 1 Churchill Placc, London L14 5HP. Copyright 8arclays 8ank
PLC, 2010 (all rights rcscrvcd).
CONIIDLNTIALITY This documcnt is confidcntial. No part of it may bc rcproduccd, distributcd or
transmittcd without 8arclays' writtcn pcrmission.