Barclays plans 9.75%-11.75% autocallable yield notes linked to basket

By Angela McDaniels

Tacoma, Wash., Feb. 6 - Barclays Bank plc plans to price 9.75% to 11.75% autocallable yield notes due Feb. 22, 2013 linked to the S&P 500 index, the Russell 2000 index and the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly. The exact coupon will be set at pricing.

The notes will be automatically called at par if each underlying component closes at or above its initial level on any call valuation date. The call valuation dates will fall on the fourth trading day immediately preceding each of the interest payment dates scheduled to occur on May 23, 2012, Aug. 23, 2012 and Nov. 23, 2012.

The payout at maturity will be par unless any underlying component closes below its trigger level - 65% of its initial level - during the life of the notes and the return of the worst-performing underlying component is less than zero, in which case investors will be fully exposed to the decline of the worst-performing underlying component.

Barclays Capital Inc. is the agent.

The notes (Cusip: 06738KM57) will price Feb. 17 and settle Feb. 23.

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