New Issue: Barclays prices $11.82 million callable range accrual notes on S&P 500, six-month Libor

By Toni Weeks

San Diego, April 24 - Barclays Bank plc priced $11.82 million of callable range accrual notes due April 26, 2027 linked to six-month Libor and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will accrue at 7% per year for each day that the index closes at or above 995 and six-month Libor is 6% or less. Interest is payable quarterly.

The payout at maturity will be par.

The notes will be callable at par on any interest payment date after one year.

Barclays Capital Inc. is the agent, and Morgan Stanley Smith Barney LLC is the dealer.

Issuer:	Barclays Bank plc
Issue:	Callable range accrual notes
Underlying components:	S&P 500 index, six-month Libor
Amount:	$11,821,000
Maturity:	April 26, 2027
Coupon:	7% per year multiplied by proportion of days on which S&P 500 is at or above 995 and six-month Libor is 6% or less; payable quarterly
Price:	Par
Payout at maturity:	Par
Call option:	At par on any interest payment date beginning April 26, 2013
Initial index level:	1,378.53
Pricing date:	April 20
Settlement date:	April 26
Agent:	Barclays Capital Inc. with Morgan Stanley Smith Barney LLC as dealer
Fees:	2.4%
Cusip:	06738K2R1

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