Barclays plans 9%-11% autocallable yield notes on fund, two indexes

By Toni Weeks

San Diego, April 4 - Barclays Bank plc plans to price 9% to 11% autocallable yield notes due April 19, 2013 linked to the S&P 500 index, the Russell 2000 index and the SPDR S&P Metals & Mining exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par if each underlying component closes at or above its initial level on the three call valuation dates, which are July 16, Oct. 16, 2012 and Jan. 15, 2013.

A knock-in event will occur if any underlying component falls below the barrier level, 65% of the initial level, on any trading day during the life of the notes.

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 worst-performing component is at least zero, investors will receive par.

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

The notes (Cusip: 06738K2K6) will price April 17 and settle April 20.

Barclays Capital Inc. is the agent.

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