New Issue: Barclays prices $1.41 million quarterly autocallables linked to three commodities

By Angela McDaniels

Tacoma, Wash., March 1 - Barclays Bank plc priced $1.41 million of 0% quarterly autocallable notes due March 8, 2012 linked to a basket of commodities, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes sugar with a 33.34% weight, corn with a 33.33% weight and soybeans with a 33.33% weight.

The notes will be automatically called at par plus an annualized premium of 24% if the basket level is greater than or equal to the initial level on May 25, Aug. 25, 2011, Nov. 25, 2011 or March 5, 2012.

If the notes are not called and the final basket level is at least 75% of the initial level, the payout at maturity will be par. Otherwise, the payout will be par plus the basket return.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Quarterly autocallable notes
Underlying commodities:	Sugar (33.34% weight), corn (33.33% weight) and soybeans (33.33% weight)
Amount:	$1,412,000
Maturity:	March 8, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par if final basket level is at least 75% of initial level; otherwise, par plus basket return
Call:	Automatically at par plus annualized premium of 24% if basket level is greater than or equal to initial level on May 25, Aug. 25, 2011, Nov. 25, 2011 or March 5, 2012
Initial prices:	722 cents for corn, 28.74 cents for sugar and 1,375 cents for soybeans
Pricing date:	Feb. 25
Settlement date:	March 2
Agent:	Barclays Capital Inc.
Fees:	1%
Cusip:	06738KCU3

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