Barclays plans six-month autocallable notes on S&P GSCI Brent Crude

By Toni Weeks

San Diego, Jan. 10 - Barclays Bank plc plans to price 0% autocallable notes due July 18, 2012 linked to the S&P GSCI Brent Crude Index Excess Return, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized call return of 6.1% if the index closes at or above the initial level on any trading day beginning April 13.

The payout at maturity will be par if the index finishes at or above 80% of the initial level.

Otherwise, investors will be exposed to any losses from the initial level.

The notes are expected to price Jan. 13 and settle Jan. 19.

Barclays Capital Inc. will be the agent with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as distributors.

The Cusip number is 06738KH20.

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