Barclays plans 9%-12% autocallable yield notes on indexes, fund

By Jennifer Chiou

New York, Oct. 4 - Barclays Bank plc plans to price 9% to 12% autocallable yield notes due April 20, 2012 linked to the S&P 500 index, the Russell 2000 index and the iShares Emerging Markets index fund, 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 Dec. 20, 2011 or Feb. 21, 2012.

The payout at maturity will be par unless either underlying component closes below 55% 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.

The notes (Cusip: 06738KWQ0) are expected to price on Oct. 17 and settle on Oct. 20.

Barclays Capital Inc. is the agent.

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