Barclays to price notes linked to Barclays Capital Corals index

By Jennifer Chiou

New York, Oct. 2 - Barclays Bank plc plans to price medium-term notes due Nov. 21, 2012 linked to the Barclays Capital Corals Total Return index, according to an FWP filing with the Securities and Exchange Commission.

The Corals index implements a systematic allocation model, which, on a monthly basis, rebalances among long and short positions in 12 subindexes of the S&P GSCI, each of which represents the excess returns available through unfunded investments in contracts on an individual commodity.

The notes are putable at any time, and if the value of the notes falls to less than 40% of the initial value, an early redemption event will have occurred. The payout will be calculated in the same manner as the payout at maturity.

The payout at maturity will be par plus the index return minus a fee equal to (a) 1.05% per year times (b) the final index level divided by initial index level.

The notes are expected to price on Nov. 15 and settle on Nov. 19.

Barclays Capital Inc. is the agent.

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