Barclays to price 9%-13% autocallable yield notes on S&P, Russell

By Susanna Moon

Chicago, Dec. 5 - Barclays Bank plc plans to price autocallable yield notes due Dec. 20, 2012 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon is expected to be at least 9% to 13% and will be set at pricing. Interest will be payable monthly.

The notes will be called at par if each index closes at or above its initial level on any of three quarterly valuation dates.

If the notes are not called, the payout at maturity will be par unless either index closes below 60% of its initial level at any time during the life of the notes, in which case the payout will be par plus the return of the worse performing index, up to a maximum payout of par.

Barclays Capital Inc. is the agent.

The notes will price on Dec. 16 and settle on Dec. 21.

The Cusip number is 06738KB59.

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