Barclays plans 11.5%-15.5% autocallable yield notes on fund, indexes

By Susanna Moon

Chicago, Oct. 26 - Barclays Bank plc plans to price 11.5% to 15.5% autocallable yield notes due Nov. 1, 2012 linked to the S&P 500 index, the Russell 2000 index and the United States Oil Fund, LP, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The notes will be called at par if each underlying component closes at or above its initial level on Feb. 2, May 2, 2012 and Aug. 2, 2012.

The payout at maturity will be par unless either underlying component closes below 60% of its initial level during the life of the notes, in which case the payout will be par plus the return of the worst-performing underlying component, up to a maximum payout of par.

Barclays Capital Inc. is the agent.

The notes will price on Oct. 28 and settle on Nov. 2.

The Cusip number is 06738KYN5.

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