New Issue: Barclays prices $430,000 20% callable yield notes tied to indexes, fund

By Susanna Moon

Chicago, Oct. 4 - Barclays Bank plc priced $430,000 of 20% annualized callable yield notes due Oct. 3, 2012 linked to the S&P 500 index, the Russell 2000 index and the United States Oil Fund, LP, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes are callable at par on any interest payment date in April 2012 or July 2012.

The payout at maturity will be par unless any index or fund finishes at or below its knock-in level - 67.5% of its initial level - in which case investors will receive par plus the return of the worst-performing component, up to a maximum payout of par.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable yield notes
Underlying components:	S&P 500 index, Russell 2000 index and United States Oil Fund, LP
Amount:	$430,000
Maturity:	Oct. 3, 2012
Coupon:	20%, payable monthly
Price:	Par
Payout at maturity:	Par unless any component finishes at or below knock-in barrier, in which case par plus return of worst-performing component, up to maximum of par
Call option:	At par on any interest payment date in April 2012 or July 2012
Initial levels:	1,131.42 for S&P 500, 644.15 for Russell 2000, $30.50 for oil fund
Knock-in levels:	763.71 for S&P 500, 434.80 for Russell 2000, $20.59 for oil fund; 67.5% of initial levels
Pricing date:	Sept. 30
Settlement date:	Oct. 5
Agent:	Barclays Capital Inc.
Fees:	None
Cusip:	06738KWB3

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