New Issue: Barclays sells $2.33 million one-year 9.55% callable yield notes on S&P, Russell

By Marisa Wong

Madison, Wis., Jan. 25 - Barclays Bank plc priced $2.33 million of 9.55% callable yield notes due Feb. 1, 2012 linked to lesser return of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The payout at maturity will be par unless either underlying index closes at or below 77.5% of its initial level during the life of the notes, in which case investors will receive par plus the return of the worse performing underlying index, up to a maximum payout of par.

The notes will be callable at par on any interest payment date in April, July or October 2011.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable yield notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$2,325,000
Maturity:	Feb. 1, 2012
Coupon:	9.55%, payable monthly
Price:	Par
Payout at maturity:	If either underlying index falls to or below knock-in level, par plus return of worse performing index, up to maximum payout of par; otherwise, par
Call option:	At par on any interest payment date in April, July or October 2011
Initial levels:	1,283.35 for S&P 500, 773.18 for Russell 2000
Knock-in levels:	994.60 for S&P 500, 599.21 for Russell; 77.5% of initial levels
Pricing date:	Jan. 21
Settlement date:	Jan. 26
Underwriter:	Barclays Capital Inc.
Fees:	2%
Cusip:	06741JCB3

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