Barclays plans 15.5%-18.5% autocallable yield notes on indexes, fund

By Toni Weeks

San Diego, Sept. 29 - Barclays Bank plc plans to price 15.5% to 18.5% autocallable yield notes due Oct. 3, 2012 linked to the S&P 500 index, the Russell 2000 index and the United States Oil Fund, LP, according to a 424B2 filing with the Securities and Exchange Commission.

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

The notes will be called at par in January, April 2012 or July 2012 if the closing value of each underlying component is greater than or equal to its initial value on the corresponding call valuation date.

The payout at maturity will be par unless any component falls to or below its knock-in level - 60% of its initial level - during the life of the notes, in which case investors will receive par plus the return of the worst-performing component, up to a maximum payout of par.

Barclays Capital Inc. is the agent.

The notes will price on Sept. 30 and settle on Oct. 5.

The Cusip number is 06738KWR8.

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