Barclays plans six-month autocallable notes on S&P GSCI Brent Crude

By Susanna Moon

Chicago, Dec. 14 - Barclays Bank plc plans to price 0% autocallable notes due June 21, 2012 linked to the S&P GSCI Brent Crude Index Excess Return, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized call return of 6.75% if the index closes at or above the initial level on any trading day beginning March 16.

The payout at maturity will be par if the index finishes at or above 80% of the initial level.

Otherwise, investors will be exposed to any losses from the initial level.

The notes are expected to price on Dec. 16 and settle on Dec. 21.

Barclays Capital Inc. is the agent, and JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.

The Cusip number is 06738KD99.

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