New Issue: Barclays prices $1.83 million 7.5% callable yield notes tied to S&P 500, Russell 2000

By Susanna Moon

Chicago, Sept. 29 - Barclays Bank plc priced $1.83 million of 7.5% callable yield notes due April 2, 2013 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes are callable at par on any interest payment date.

The payout at maturity will be par unless either index finishes at or below its knock-in level of 50% of its initial level, in which case investors will receive par plus the return of the worst-performing index, up to a maximum payout of par.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable yield notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$1,825,000
Maturity:	April 2, 2013
Coupon:	7.5%, payable quarterly
Price:	Par
Payout at maturity:	Par unless either index falls by 50% or more, in which case par plus return of worst-performing index, maximum of par
Initial levels:	1,175.38 for S&P, 680.23 for Russell
Knock-in levels:	587.69 for S&P, 340.12 for Russell; 50% of initial levels
Call option:	At par on any interest payment date
Pricing date:	Sept. 27
Settlement date:	Sept. 30
Agent:	Barclays Capital Inc.
Fees:	1.5%
Cusip:	06738KWU1

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