Barclays plans 9%-11% autocallable yield notes linked to indexes, fund

By Susanna Moon

Chicago, July 3 - Barclays Bank plc plans to price 9% to 11% autocallable yield notes due July 22, 2013 linked to the least performing of the S&P 500 index, the Russell 2000 index and SPDR S&P Metals & Mining ETF, according to an FWP filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par plus accrued interest if the underlying components close above their initial levels on any of three quarterly call dates. The call dates are Oct. 17, Jan. 17, 2013 and April 17, 2013.

A trigger event occurs if any underlying component closes below its 60% trigger level during the life of the notes.

If a trigger event does not occur, the payout at maturity will be par.

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

Barclays Capital Inc. is the agent.

The notes will price on July 17 and settle on July 20.

The Cusip number is 06741TCH8.

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