New Issue: Barclays prices $1.74 million autocallables linked to Brent crude oil

By Angela McDaniels

Tacoma, Wash., June 22 - Barclays Bank plc priced $1.74 million of 0% quarterly autocallable notes due July 3, 2012 linked to Brent crude oil futures contracts, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus a call premium of 16% per year if the futures close at or above the initial price on Sept. 20, Dec. 20, March 20, 2012 or June 28, 2012.

If the notes are not called, the payout at maturity will be par if the final price is at least 80% of the initial price. Otherwise, investors will lose 1% for every 1% that the price declines from the initial level.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Quarterly autocallable notes
Underlying asset:	Brent crude oil futures contracts
Amount:	$1.74 million
Maturity:	July 3, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par if final price is at least 80% of initial price; otherwise, full exposure to decline
Call:	Automatically at par plus 16% per year if futures close at or above initial price on Sept. 20, Dec. 20, March 20, 2012 or June 28, 2012
Initial price:	$111.69 per barrel
Pricing date:	June 20
Settlement date:	June 27
Agent:	Barclays Capital Inc.
Fees:	1.25%
Cusip:	06738KTV3

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