New Issue: Barclays prices $2.27 million of quarterly autocallable notes on copper

By Marisa Wong

Madison, Wis., Dec. 11 - Barclays Bank plc priced $2.27 million of 0% quarterly autocallable notes due Dec. 18, 2013 linked to the price of copper, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus an annualized premium of 14% if the price of copper is greater than or equal to the initial price on March 13, June 13, 2013, Sept. 13, 2013 or Dec. 13, 2013.

If the notes are not called and the final copper price is greater than or equal to 80% of the initial price, the payout at maturity will be par. If the copper price falls by more than 20%, investors will receive par plus the copper return.

Barclays is the agent with JPMorgan as the placement agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable notes
Underlying commodity:	Copper
Amount:	$2.27 million
Maturity:	Dec. 18, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	If final copper price is at least 80% of initial price, par; if price falls by more than 20%, par plus copper return
Call:	Automatically at par plus annualized premium of 14% if copper price is greater than or equal to initial price on March 13, June 13, 2013, Sept. 13, 2013 or Dec. 13, 2013
Initial copper price:	$7,965.50
Pricing date:	Dec. 7
Settlement date:	Dec. 12
Agent:	Barclays with JPMorgan as placement agent
Fees:	1%
Cusip:	06741TLG0

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