Barclays plans 7.5% callable yield notes on S&P 500, iShares MSCI EAFE

By Marisa Wong

Madison, Wis., Sept. 9 - Barclays Bank plc plans to price callable yield notes due March 2013 linked to the S&P 500 index and the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate will be at least 7.5% and will be set at pricing. Interest is payable quarterly.

The notes are callable at par on any interest payment date.

The payout at maturity will be par unless either component falls to or below its knock-in level - 50% of its initial level - on the final valuation date, in which case investors will receive par plus the return of the worse performing component, up to a maximum payout of par.

The notes will price and settle in September.

Barclays Capital Inc. is the agent.

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