Barclays plans 9.5%-11.5% autocallable yield notes on fund, indexes

By Toni Weeks

San Diego, June 5 - Barclays Bank plc plans to price 9.5% to 11.5% autocallable yield notes due June 19, 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 is payable monthly.

The notes will be called automatically at par plus accrued interest if each component closes at or above its initial level on three call valuation dates, which are Sept. 17, Dec. 17, 2012 and March 15, 2013.

A knock-in event will occur if any component falls below the knock-in level, 60% of the initial level, on any trading day.

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

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: 06741TAG2) are expected to price June 15 and settle June 20.

Barclays Capital Inc. is the agent.

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