Barclays plans 10.25%-12.25% autocallable yield notes on indexes, fund

By Susanna Moon

Chicago, Jan. 13 - Barclays Bank plc plans to price 10.25% to 12.25% autocallable yield notes due Jan. 16, 2013 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 component closes at or above its initial level on any of three quarterly valuation dates.

If the notes are not called, the payout at maturity will be par unless either index or fund closes below 60% of its initial level at any time during the life of the notes, in which case the payout will be par plus the return of the worse performing component, up to a maximum payout of par.

Barclays Capital Inc. is the agent.

The notes will price on Jan. 13 and settle on Jan. 19.

The Cusip number is 06738KH87.

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