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Published on 4/9/2012 in the Prospect News Structured Products Daily.

Barclays to price 9%-10% callable yield notes on three indexes

By Jennifer Chiou

New York, April 9 - Barclays Bank plc plans to price 9% to 10% callable yield notes due Oct. 17, 2013 linked to the least performing of the Russell 2000 index, the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes are callable at par plus accrued interest on any interest payment date.

A knock-in event occurs if the final level of any index is less than 65% of its initial level.

If a knock-in event does not occur, the payout at maturity will be par. If a knock-in event occurs, investors will receive par plus the return of the least-performing index.

The notes (Cusip: 06738K3E9) will price on April 11 and settle on April 16.

Barclays Capital Inc. is the agent.


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