Free Writing Prospectus
Filed Pursuant to Rule 433
Registration No. 333-169119
January 17, 2013
Free Writing Prospectus Filed Pursuant to Rule 433 Registration
No. 333-169119 January 17, 2013
ROLA
iPath® Long Extended Russell 1000® TR Index ETN
Note Description
The iPath® Long Extended Russell 1000® TR Index ETN is designed to provide investors with leveraged return on the performance of the Russell 1000® Total Return Index.
Index Description
The Russell 1000® Total Return Index is designed to track the performance of the large-cap segment of the U.S. equity market. It is a subset of the Russell 3000® Index and includes
the 1,000 largest companies included in the Russell 3000® Index as measured by total market capitalization.
Note Description
The iPath® Long Extended Russell 1000® TR Index ETN is designed to provide investors with leveraged return on the performance of the Russell 1000® Total Return Index.
Index Description
The Russell 1000® Total Return Index is designed to track the performance of the large-cap segment of the U.S. equity market. It is a subset of the Russell 3000® Index and includes
the 1,000 largest companies included in the Russell 3000® Index as measured by total market capitalization.
Note Details
Ticker ROLA
Intraday Indicative Value Ticker
ROLA.IV
CUSIP 06740P205
ISIN US06740P2056
Primary exchange NYSE Arca
Yearly fee1 0.50%
Financing Rate2 3M LIBOR + 0.60%
Inception date
11/29/2010
Maturity date 11/30/2020
Issuer Barclays Bank PLC
Automatic termination
level $10.00
Callable ETN No
Participation ticker* ROLA.PTNV
The
participation is intended to approximate the ratio of the value of the notional exposure per ETN to the performance of the underlying Index relative to the value of each ETN, as is described in detail in the relevant prospectus.
Index Details
Index name Russell 1000® TR Index
Composition
Equities of 1000 large cap companies in U.S.
Number of components 986
Bloomberg Index ticker RU10INTR
Inception date 1/1/1984
Base value and date 100
as of 12/31/1978
Index sponsor Russell
1 The investor fee is equal to the Yearly Fee times the principal amount of your securities times the index factor,
calculated on a daily basis in the following manner: The investor fee on the inception date will equal zero. On each subsequent calendar day until maturity or early redemption, the investor fee will increase by an amount equal to the Yearly Fee
times the principal amount of your securities times the index factor on that day (or, if such day is not a trading day, the index factor on the immediately preceding trading day) divided by 365. The index factor on any given day will be equal to the
closing value of the index on that day divided by the initial index level. The initial index level is the closing value of the index on the inception date of the securities.
2 The daily financing charge is calculated on a daily basis in the following manner: On the initial valuation date, the daily financing charge for the ETNs will equal
$0. On any subsequent calendar day until maturity or redemption of the ETNs, the daily financing charge per ETN for the
ETNs will equal the product of (a) the financing level on the immediately preceding calendar day times (b) the financing rate divided by (c) 360. Because the daily investor fee accrues as part of the financing level and the daily
financing charge is calculated on the basis of the financing level, a portion of the daily financing charge will reflect the incremental increase of the financing level attributable to the accrued daily investor fee.
Page 1 of 3
ROLA
Cumulative Index Return
30%
20%
10%
0%
-10%
Nov 10 Feb 11 May 11 Aug 11 Nov 11 Feb 12 May 12 Aug 12
Russell 1000® TR Index
Source: Russell (based
on daily returns 11/10-9/12 since Note inception date).
Annualized Performance, Standard Deviation And
Correlation History
6-month 1-Year 3-Year 5-Year 10-Year Standard Index
Return % Return % Return % Return % Return % Deviation % Correlations4
Annualized Annualized Annualized Annualized Annualized3
Russell 1000® TR Index 2.99 30.06 13.27 1.22 8.35 19.55 1.00
S&P 500® 3.43 30.20 13.20 1.05 8.01 19.13 1.00
MSCI EAFE Index -0.70 13.75 2.12 -5.24 8.20 23.52 0.93
MSCI Emerging Markets IndexSM -1.84 16.93 5.63 -1.28 17.00 29.55 0.86
Barclays U.S. Aggregate Bond Index 3.68 5.16 6.19 6.53 5.32 3.57 0.09
Dow Jones-UBS Commodity Index Total ReturnSM 4.70 5.99 5.26 -3.03 5.20 22.06 0.61
Source: BlackRock, Russell, S&P Dow Jones Indices, LLC, MSCI, Barclays and Dow Jones Opco LLC, as of 9/30/2012.
Index returns are for illustrative purposes only and do not represent actual iPath ETN performance.
Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results. For current Index and iPath ETN
performance, go to www.iPathETN.com.
3 Standard deviation is a measure of variability from the expected value.
Standard Deviation % Annualized is based on monthly returns for 9/07-9/12, and describes how the annual returns in a given annual period are likely to differ from average annualized returns. Because the Standard Deviation % Annualized is based on
historical data, it may not predict variability in annualized performance of the ETNs in the future. Source: BlackRock, Barclays
4 Correlations based on monthly returns for 9/07-9/12. Correlation is the term used to describe the statistical relationship between two or more quantities or variables. Perfectly
correlated assets will have a correlation coefficient of one, while the correlation coefficient will be zero when returns on two assets are completely independent. Source: BlackRock, Barclays
Selected Risk Considerations
An investment in the iPath ETNs described herein (the ETNs) involves risks. Selected risks are summarized here, but we urge you to read the more detailed explanation of risks
described under Risk Factors in the applicable prospectus supplement and pricing supplement. You May Lose Some or All of Your Principal: The ETNs are exposed to any decrease in the level of the underlying index between the inception date
and the applicable valuation date. Additionally, if the level of the underlying index is insufficient to offset the negative effect of the investor fee and other applicable costs, you will lose some or all of your investment at maturity or upon
redemption, even if the value of such index has increased. Because the ETNs are subject to an investor fee and any other applicable costs, the return on the ETNs will always be lower than the total return on a direct investment in the index
components. The ETNs are riskier than ordinary unsecured debt securities and have no principal protection. Credit of Barclays Bank PLC: The ETNs are unsecured debt obligations of the issuer, Barclays Bank PLC, and are not, either directly or
indirectly, an obligation of or guaranteed by any third party. Any payment to be made on the ETNs, including any payment at maturity or upon redemption, depends on the ability of Barclays Bank PLC to satisfy its obligations as they come due. As a
result, the actual and perceived creditworthiness of Barclays Bank PLC will affect the market value, if any, of the ETNs prior to maturity or redemption. In addition, in the event Barclays Bank PLC were to default on its obligations, you may not
receive any amounts owed to you under the terms of the ETNs.
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ROLA
Top Index Holdings
Component Ticker Weight %
Sector
APPLE INC AAPL 4.26 TECHNOLOGY
EXXON MOBIL CORP XOM 2.92 ENERGY
GENERAL ELECTRIC
CO GE 1.64 PRODUCER DURABLES
CHEVRON CORP CVX 1.57 ENERGY
INTL BUSINESS MACHINES CORP IBM 1.54 TECHNOLOGY
MICROSOFT CORP MSFT 1.53 TECHNOLOGY
AT&T INC
T 1.51 UTILITIES
GOOGLE INC-CL A GOOG 1.33 TECHNOLOGY
PROCTER & GAMBLE CO/THE PG 1.30 CONSUMER STAPLES
JOHNSON & JOHNSON JNJ 1.29 HEALTH CARE
Source: Russell, as of 9/30/2012. Index composition is subject to change.
Automatic Redemption: If specified in the applicable prospectus, Barclays Bank PLC will automatically redeem a series of ETNs (in whole only, but not in part) at the specified automatic
redemption value if, on any valuation date prior to or on the final valuation date, the intraday indicative note value of the ETNs becomes less than or equal to the applicable level specified in the prospectus.
Market and Volatility Risk: The market value of the ETNs may be influenced by many unpredictable factors and may fluctuate
between the date you purchase them and the maturity date or redemption date. You may also sustain a significant loss if you sell your ETNs in the secondary market. Factors that may influence the market value of the ETNs include prevailing market
prices of the U.S. stock markets, the index components included in the underlying index, and prevailing market prices of options on such index or any other financial instruments related to such index; and supply and demand for the ETNs, including
economic, financial, political, regulatory, geographical or judicial events that affect the level of such index or other financial instruments related to such index.
Leverage Risk: Because an investment in the ETNs is leveraged, changes in the level of the underlying index will have a greater impact on the payout on the ETNs than on a payout on
securities that are not so leveraged. In particular, any decrease in the level of the underlying index will result in a significantly greater decrease in the payment at maturity or upon redemption, and an investor will suffer losses on an investment
in the ETNs substantially greater than an investor would if the ETNs did not contain a leverage component. A Trading Market for the ETNs May Not Develop: Although the ETNs are listed on NYSE Arca, a trading market for the ETNs may not develop and
the liquidity of the ETNs may be limited, as we are not required to maintain any listing of the ETNs.
No
Interest Payments from the ETNs: You may not receive any interest payments on the ETNs.
Restrictions on the
Minimum Number of ETNs and Date Restrictions for Redemptions: You must redeem at least 25,000 ETNs of the same series at one time in order to exercise your right to redeem your ETNs on any redemption date. You may only redeem your ETNs on a
redemption date if we receive a notice of redemption from you by certain dates and times as set forth in the pricing supplement. Uncertain Tax Treatment: Significant aspects of the tax treatment of the ETNs are uncertain. You should consult your own
tax advisor about your own tax situation. Barclays Bank PLC has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus and other
documents Barclays Bank PLC has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting www.iPathETN.com or EDGAR on the SEC website at www.sec.gov. Alternatively,
Barclays Bank PLC will arrange for Barclays Capital Inc. to send you the prospectus if you request it by calling toll-free 1-877-764-7284, or you may request a copy from any other dealer participating in the offering.
BlackRock Investments, LLC, assists in the promotion of the iPath ETNs.
The ETNs may be sold throughout the day on the exchange through any brokerage account. Commissions may apply and there are
tax consequences in the event of sale, redemption or maturity of ETNs.
Russell 1000® Index and
Russell 2000® Index are trademarks of Frank Russell Company and have been licensed for use by Barclays Bank PLC. The ETNs are not sponsored, endorsed, sold, or promoted by Frank Russell Company and Frank Russell Company makes no
representation regarding the advisability of investing in the ETNs.
© 2012 Barclays Bank PLC. All rights
reserved. iPath, iPath ETNs and the iPath logo are registered trademarks of Barclays Bank PLC. All other trademarks, servicemarks or registered trademarks are the property, and used with the permission, of their respective owners. iP-0625-1212 Not
FDIC Insured No Bank GuaranteeMay Lose Value 1-877-764-7284 www.ipathetn.com Page 3 of 3