Barclays plans quarterly autocallable notes linked to Brent crude

By Jennifer Chiou

New York, June 17 - Barclays Bank plc plans to price 0% quarterly autocallable notes due July 3, 2012 linked to Brenct crude futures contracts, 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% to 16% if the price of Brent crude futures is greater than or equal to the initial price on Sept. 20, Dec. 20, 2011, March 20, 2012 or June 28, 2012.

If the notes are not called and the final price is greater than or equal to the protection price - 80% of the initial price - the payout at maturity will be par. If the final price is below the protection price, investors will receive par plus the return.

The notes (Cusip: 06738KTV3) will price on June 20 and settle on June 27.

Barclays Capital Inc. is the agent.

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