Barclays plans 8%-10% autocallable yield notes linked to Russell, fund

By Angela McDaniels

Tacoma, Wash., Feb. 11 - Barclays Bank plc plans to price 8% to 10% autocallable yield notes due Feb. 20, 2014 linked to 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 interest rate will be set at pricing.

The notes will be called automatically at par if each underlying component closes at or above its initial level on May 23, 2013, Aug. 23, 2013 or Nov. 25, 2013.

A knock-in event will occur if either component falls below the knock-in barrier, 70% of its initial level, on any trading day during the life of the notes.

If a knock-in event does not occur or if it does and the return of the lesser-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.

Barclays is the agent.

The notes will price Feb. 20 and settle Feb. 25.

The Cusip number is 06741TNW3.

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