Barclays to price Stars linked to basket of two iShares MSCI ETFs

By Marisa Wong

Madison, Wis., Feb. 24 - Barclays Bank plc plans to price 0% Strategic Accelerated Redemption Securities due April 2013 linked to an equally weighted basket that includes the iShares MSCI EAFE index fund and the iShares MSCI Emerging Markets index fund, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus a call premium of 10% to 14% per year if the basket closes at or above its initial level on any of three observation dates, which fall in September 2012, December 2012 and April 2013. The exact call premium and observation dates will be set at pricing.

If the notes are not called and the final basket level is at least 95% of the initial level, the payout at maturity will be par. Investors will lose 1% for every 1% that the basket declines beyond 5%.

The notes will price in March and settle in April.

Bank of America Merrill Lynch is the agent.

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