Barclays plans 8.35%-9% autocallable yield notes on Russell 2000, fund

By Jennifer Chiou

New York, Dec. 7 - Barclays Bank plc plans to price 8.35% to 9% autocallable yield notes due Dec. 24, 2013 linked to the Russell 2000 index and the iShares FTSE China 25 index fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called automatically at par plus accrued interest if either component closes at or above its initial level on three call valuation dates, which are March 19, June 19, 2013 and Sept. 19, 2013.

A knock-in event will occur if either component falls below the knock-in level, 80% of the initial level, on any trading day.

If a knock-in event does not occur or if it does and the return of the least-performing component is zero or positive, investors will receive par at maturity.

If a knock-in event occurs and the return of the least-performing component is negative, investors will share in those losses.

The notes (Cusip: 06741TLC9) are expected to price on Dec. 19 and settle on Dec. 24.

Barclays is the agent.

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