Barclays to sell autocallable knock-out buffer notes linked to Russell

By Susanna Moon

Chicago, Nov. 12 - Barclays Bank plc plans to price 0% autocallable index knock-out buffer notes due Sept. 2, 2010 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes at or above 105% to 108% of its initial level on any review date, the notes will be automatically called at a call premium of 5% to 8%. The exact call level and premium will be set at pricing.

If the notes are not called and the index falls by more than 20% during the life of the notes, the payout at maturity will be par plus the index return.

Otherwise, the payout will be par plus the index return, with a minimum return of 2%.

The notes are expected to price on Nov. 24 and settle on Nov. 30.

Barclays Capital Inc. is the agent.

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