New Issue: Barclays prices $350,000 annual autocallable notes tied to Russell 2000

By Toni Weeks

San Diego, April 28 - Barclays Bank plc priced $350,000 of 0% annual autocallable notes due May 1, 2014 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes at or above its initial level on any of three valuation dates, the notes will be called for a call payment of par plus 9% on the first valuation date of April 30, 2012, par plus 18% on the second valuation date of April 26, 2013 and par plus 27% on the third valuation date of April 28, 2014.

If the notes are not called and the final index level is at least 70% of the initial level on the final valuation date, the payout at maturity will be par. Otherwise, investors will be fully exposed to losses.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Annual autocallable notes
Underlying index:	Russell 2000
Amount:	$350,000
Maturity:	May 1, 2014
Coupon:	0%
Price:	Par
Call:	If index closes above its initial level, par plus 9% on April 30, 2012, par plus 18% on April 26, 2013, par plus 27% on April 28, 2014
Payout at maturity:	Par if index falls by up to 30%, full exposure to losses if it falls beyond 30%
Initial index level:	853.04
Protection level:	597.13, 70% of initial level
Pricing date:	April 26
Settlement date:	April 29
Agent:	Barclays Capital Inc.
Fees:	2%
Cusip:	06738KGJ4

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