New Issue: Barclays prices $2.4 million 7.37% callable yield notes tied to S&P 500

By Toni Weeks

San Diego, March 7 - Barclays Bank plc priced $2.4 million of 7.37% callable yield notes due Sept. 10, 2013 linked to the S&P 500 index, 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.

The payout at maturity will be par unless the index falls below its knock-in level - 70% of its initial level - on the final valuation date, in which case investors will be fully exposed to losses.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable yield notes
Underlying index:	S&P 500
Amount:	$2.4 million
Maturity:	Sept. 10, 2013
Coupon:	7.37%, payable quarterly
Price:	Par
Payout at maturity:	Par, unless index falls below 70% of its initial level on Sept. 5, 2013, in which case full exposure to losses
Initial level:	1,364.33
Knock-in level:	955.03, 70% of initial level
Call option:	At par on any interest payment date
Pricing date:	March 5
Settlement date:	March 8
Agent:	Barclays Capital Inc.
Fees:	1.36%
Cusip:	06738KV81

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