Barclays plans annual autocallable notes linked to iShares MSCI EM

By Jennifer Chiou

New York, Aug. 6 - Barclays Bank plc plans to price 0% annual autocallable notes due Aug. 29, 2013 linked to the iShares MSCI Emerging Markets index fund, according to an FWP filing with the Securities and Exchange Commission.

If the index fund closes at or above its initial level on a valuation date, the notes will be called at par plus a call premium of 10% to 15% if called on Sept. 1, 2011, a premium of 20% to 30% if called on Aug. 27, 2012 and a premium of 30% to 45% if called on Aug. 26, 2013. The exact call premiums will be set at pricing.

If the notes are not called, the payout at maturity will be par if the index fund finishes at or above 60% of the initial level. Otherwise, investors will receive par plus the index fund return.

The notes (Cusip 06740PJM9) will price on Aug. 26 and settle on Aug. 31.

Barclays Capital Inc. is the agent.

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