New Issue: Barclays prices $6 million 7.7% callable yield notes on S&P, Russell

By Jennifer Chiou

New York, Aug. 19 - Barclays Bank plc priced $6 million of 7.7% callable yield notes due Feb. 25, 2013 linked to the S&P 500 and Russell 2000 indexes, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes are callable at par on any interest payment date beginning on Nov. 25, 2011.

The payout at maturity will be par unless the lesser-performing index closes below the barrier level - 50% of its initial level - in which case investors will receive par plus the return of the lesser-performing index.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable yield notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$6 million
Maturity:	Feb. 25, 2013
Coupon:	7.7%, payable quarterly
Price:	Par
Payout at maturity:	Par unless lesser-performing index closes below the barrier level, in which case investors will receive par plus the return of lesser-performing index
Call:	At par on any interest payment date beginning on Nov. 25, 2011
Initial index levels:	1,193.89 for S&P, 704.03 for Russell
Barrier levels:	596.95 for S&P, 352.02 for Russell; 50% of initial level
Pricing date:	Aug. 17
Settlement date:	Aug. 24
Agent:	Barclays Capital Inc.
Fees:	1%
Cusip:	06738KSN2

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