Barclays to price quarterly autocallables linked to three commodities

By Angela McDaniels

Tacoma, Wash., Feb. 24 - Barclays Bank plc plans to price 0% quarterly autocallable notes due March 8, 2012 linked to a basket of commodities, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes sugar with a 33.34% weight, corn with a 33.33% weight and soybeans with a 33.33% weight.

The notes will be automatically called at par plus an annualized premium of 21% to 26% if the basket level is greater than or equal to the initial level on May 25, Aug. 25, 2011, Nov. 25, 2011 or March 5, 2012. The exact call premium will be set at pricing.

If the notes are not called and the final basket level is at least 75% of the initial level, the payout at maturity will be par. Otherwise, the payout will be par plus the basket return.

The notes (Cusip: 06738KCU3) will price Feb. 25 and settle March 2.

Barclays Capital Inc. is the agent.

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